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Public relations section
Up to 29.8 million shares at a price between € 27 and € 33 per share.
Between 4 and probably 21 April, a total of up to 29.8 million ordinary bearer shares with no par value will be offered in an Initial Public Offer (IPO) in Austria and abroad. Up to 16.5 million shares are existing shares offered by Raiffeisen Zentralbank Österreich AG (RZB) and the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and the Austrian Regional Raiffeisen Banks. Up to 13.3 million are shares to be issued by Raiffeisen International. The shares will be offered in a public offering in the Republic of Austria, a private placement in the United States of America to qualified institutional buyers in reliance on Rule 144A under the U.S. Securities Act and a private placement outside those states to selected institutional investors. The RI-Share has been admitted for listing on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange and is expected to trade on the Vienna Stock Exchange in the Prime Market segment commencing on or about 25 April, 2005.
The range of the offer price will be between € 27 to € 33 per share, resulting in a total issue-volume between € 804.6 and € 983.4 million. Should the Greenshoe-option be exercised, the issue volume might increase to more than € 1.1 billion.
Important step for further growth
Walter Rothensteiner, General Manager of RZB und President of RI's Supervisory Board, emphasized the importance of that step: "The capital increase and the going public support our long-term objectives: High organic growth rates and keeping our flexibility for selected acquisitions." The partnerships of the EBRD and the IFC have prepared that move and the current market environment is good, the more so as the share represented a "pure CEE-play", he added.
Disclaimer: The information contained herein is not for publication or distribution to United States persons or to publications with a general circulation in the United States. These materials are not an offer for sale of the securities in the United States. No public offering of the securities will be made in the United States. The securities referred to herein have not been and will not be registered under the US Securities Act of 1933, as amended, and may not be offered or sold in the United States without registration thereunder or pursuant to an available exemption therefrom.