EQS-News

STRABAG SE: Implementation of non-cash capital increase entered in the commercial register; details on issuance of new shares and cash distribution

EQS-News: STRABAG SE / Key word(s): Corporate Action STRABAG SE: Implementation of non-cash capital increase entered in the commercial register; details on issuance of new shares and cash distribution 21.03.2024 / 07:00 CET/CEST The issuer is solely responsible for the content of this announcement.

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STRABAG SE: Implementation of non-cash capital increase entered in the commercial register; details on issuance of new shares and cash distribution

• Capital measures to reduce the stake of MKAO “Rasperia Trading Limited”
• Registration of the implementation of the ordinary non-cash capital increase in the commercial register made on 21/03/2024
• Stake of MKAO “Rasperia Trading Limited” reduced from around 27.8% to around 24.1%
• Announcement of further technical details

STRABAG SE is currently implementing the capital measures adopted by the 19th Annual General Meeting to reduce the stake of MKAO “Rasperia Trading Limited” – a company controlled by the sanctioned Russian citizen Oleg Deripaska. The implementation of the ordinary non-cash capital increase was registered in the commercial register by the Klagenfurt Regional Court as planned on 21/03/2024.

As a result of the ordinary non-cash capital increase, the stake held by MKAO “Rasperia Trading Limited” was reduced from around 27.8% to less than 25%, specifically to around 24.1%. This is intended to reduce relevant disadvantages and risks for STRABAG SE, and thus Oleg Deripaska was deleted as a beneficial owner (UBO) from the register of beneficial owners of STRABAG SE (pursuant to the Beneficial Owners' Register Act).

The 15,621,982 new shares from the capital increase will be issued on 26/03/2024 to the holders of existing STRABAG shares under ISIN AT0000A36HH9 (STRABAG SE – Distribution Share-Based Option). The distribution of the securities for receipt of the cash distribution of the capital reduction amount (ISIN AT0000A36HK3) to the holders of existing STRABAG shares with ISIN AT000000STR1 will also occur on 26/03/2024. The prerequisite for receiving the new shares and the securities for receipt of cash distribution is that the shares establishing the entitlement to receive them are held at the end of the trading day before the ex-date. The ex-date for the share and cash options is scheduled for 22/03/2024.