UNIQA capital increase successfully placed

 

On 24 November 2009, with the consent of the Supervisory Board, the Management Board of UNIQA Versicherungen AG, under partial utilisation of the authorised capital (of up to EUR 38,104,808) stipulated in the company's articles of association, resolved to increase the company's ordinary capital by issuing up to 11,312,217 new registered voting shares, subject to compliance with the statutory subscription right of the shareholders.

 

After expiry of the subscription deadline on 11 December 2009, the Management Board set the scope of the capital increase at 11,312,217 new shares and the final subscription price for these shares at EUR 13.26 per new share. All of the new shares offered were therefore successfully placed within the subscription period. The proceeds from the capital increase therefore correspond to the targeted volume of around EUR 150 million. Existing shareholders had an exclusive subscription right in the ratio of 11:1 (existing shares : new shares). As agreed, non-exercised subscription rights for 806,588 new shares were taken up by the core shareholders of UNIQA Versicherungen AG (Raiffeisen Group, Austria Privatstiftung and Collegialität). This increases the core shareholders' portion of the ordinary capital from 86.30% to 87.26%. The new shares are anticipated to be listed for official trading on the Vienna Stock Exchange (Prime Market segment) as of 16 December 2009. Payment and delivery are also anticipated to take place on 16 December 2009. The new shares are fully entitled to dividends for financial year 2009.

 

By issuing of the new, voting, no-par-value registered shares at a proportional share in the ordinary capital of EUR 1 each, the ordinary capital of UNIQA Versicherungen AG will increase by around 8.59%, from EUR 131,673,000 to EUR 142,985,217.

 

The purpose of the capital increase - only the second since the founding of UNIQA Group Austria in November 1999 - is to strengthen the capital base in view of the continued high level of uncertainty surrounding the development of the economy and the associated volatility on the capital markets and to lay a foundation for continued strong organic growth.

 

Vienna, 12. December 2009