Ad-hoc | 31 October 2002 07:33

voestalpine AG english

voestalpine pays compensation to retail shareholders of VAE AG Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– voestalpine pays compensation to retail shareholders of VAE AG In relation to the acquisition of VOSSLOH AGs shareholding in VAE AG by voestalpine Bahnsysteme GmbH, it is planned to resolve the merger of VAE AG and its majority shareholder in the course of a general meeting of shareholders of VAE AG which is scheduled for 4 December 2002. In the context of this merger of VAE AG, the retail shareholders of VAE AG are compensated in cash. The compensation price, including a pro rata payment for the estimated net profit of VAE AG for the 2002 business year, was set at EUR 225.49 per VAE share. It is anticipated that the compensation will be paid out by the end of January 2003. end of ad-hoc-announcement (c)DGAP 31.10.2002 ——————————————————————————– WKN: 093750; ISIN: AT0000937503; Index: ATX Listed: Amtlicher Handel in Wien; Freiverkehr in Berlin, Frankfurt, Hamburg, München, Stuttgart; London 310733 Okt 02