euro adhoc: Telekom Austria AG
Telekom Austria exercises
call options and buys back 0.67% of its share capital to use for
stock options (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
Vienna, February 20, 2004: Telekom Austria announced today its intention to exercise the 3,326,881 American call options on shares of Telekom Austria AG which were acquired during the IPO in November 2000 to limit the companys exposure under the current stock option plan and which expire on February 27, 2004. The execution price of each call option is EUR 9. Following the exercise of the options, 3,326,881 Telekom Austria shares, i.e. 0.67% of its share capital, will be credited to the accounts of Telekom Austria in the way of an off-market transaction at 9 EUR per share on March 3, 2004. The buyback will be used to cover obligations resulting from present and future stock option programs. The transaction happens in the framework of the authorization to buy back up to 50 million shares which was given by the general assembly to the management board on June 4, 2003. Telekom Austria is exercising this right for the first time.
end of announcement euro adhoc 20.02.2004
Further inquiry note:
Investor Relations Telekom Austria
Tel.: +43 (0) 59059 1-20917
Branche: Telecommunications Equipment
Index: ATX, ATX Prime, WBI
Börsen: Wiener Börse AG / official dealing
New York / official dealing
Original content of: Telekom Austria AG, transmitted by news aktuell