Exploded transformer replaced within three days

The transformer in the VERBUND high voltage grid which exploded last Thursday and almost caused a blackout has, within three days and under mobilisation of all forces, been replaced with a spare transformer. As announced today by VERBUND-Austrian Power Grid AG (APG), the east-west connection in the APG Grid has been fully operational again since Sunday afternoon.

The shares already in circulation retain their validity. On submission of Coupon No. 17, shareholders will receive nine additional VERBUND shares for one share certificate. The coupon can be submitted as of immediately at Erste Bank der oesterreichischen Sparkassen AG, 1010 Vienna, Graben 21. Shareholders who have their shares deposited at a bank will, from today’s cut-off date, automatically be credited with the additional shares and thus do not have to take any action. The stock split will take place free of charge.