| Offeree company | Lauda Air Luftfahrt Aktiengesellschaft |
|---|---|
| ISIN | 071930 and 071936 |
| Offeror | Austrian Airlines Österreichische Luftverkehrs-Aktiengesellschaft |
| Acceptance period | 21 Feb to 27 Mar 2001 |
| Offer price | EUR 7.60 per ordinary share; EUR 5.70 per participation certificate (after correction) |
| Offer volume | 242,169 shares, 7.12% of the share capital; 2,262,217 bearer, no-par-value participation certificates, 90.49% of the participation capital |
| Premium | 0.8% (3M), 2.8% (6M), 4.3% (12M) ordinary shares; 23.1% (3M), 13.8% (6M), 8.8% (12M) preference shares |
| Paying agent | Bank Austria AG |
| Share held by bidder prior to announcement of offer | 54.53% of the share capital, 9,51% of participation capital |
| Improved terms of the mandatory public bid | The Offeror improves the mandatory bid by the raising offer price per participation certificate, thus per participation certificate in the Offeree Company by a proportionate share in the participation capital in an amount of approx. EUR 7.27 (securities ID no. 071936) from currently EUR 5.30 by EUR 0.40 to EUR 5.70, which corresponds to an increase of 7.55% over the original offer price. |
