EQS-News: Telekom Austria AG: Corporate News: Listing of Telekom Austria AG’s tower business on the Official Market of the Vienna Stock Exchange expected to commence on September 22, 2023.

EQS-News: Telekom Austria AG / Key word(s): IPO
Telekom Austria AG: Corporate News: Listing of Telekom Austria AG’s tower
business on the Official Market of the Vienna Stock Exchange expected to
commence on September 22, 2023.

12.09.2023 / 12:09 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News: Listing of Telekom Austria AG’s tower business on the
Official Market of the Vienna Stock Exchange expected to commence on
September 22, 2023.

Telekom Austria AG announces the expected timetable for the spin-off of
its tower business into a separate company (EuroTeleSites AG) and listing
on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange as
follows: Subject to the timely issuance of all necessary approvals – in
particular the registration of EuroTeleSites AG in the companies register
and the approval of the prospectus required for the listing on the Vienna
Stock Exchange by the Austrian Financial Market Authority – the listing
and commencement of trading of the shares of EuroTeleSites AG on the
Official Market of the Vienna Stock Exchange (in the „Prime Market“
segment) is expected to take place on or about September 22, 2023.

The EuroTeleSites shares will be allocated on the basis of the respective
deposit balances in Telekom Austria shares at the end of the last trading
day before the allocation date, which is expected to be September 21,
2023. Shareholders of Telekom Austria AG will receive one additional
EuroTeleSites share for every four Telekom Austria shares held (the number
of Telekom Austria shares held by each shareholder will remain unchanged
by the spin-off). Share fractions of less than one EuroTeleSites share
will be collected and subsequently sold on the stock exchange. The
proceeds will be credited to the respective shareholders in cash, probably
in mid-October 2023. Shareholders of Telekom Austria AG do not have to
make any separate arrangements through their depository bank for the
registration of the shares of EuroTeleSites AG or for any realization of
fractional shares.

It is expected that Telekom Austria shares will be traded “ex right” for
EuroTeleSites shares from September 22, 2023 onwards.

It is expressly noted that the deposit entry of the EuroTeleSites shares
is expected to take place on or about Tuesday, September 26, 2023
(settlement day). Whether shareholders of EuroTeleSites AG will be able to
dispose their EuroTeleSites shares via the stock exchange already at the
time of the expected commencement of trading on Friday, September 22, 2023
and prior to their deposit entry, which is expected to take place on or
around September 26, 2023, will depend on their respective depositary
bank. Neither Telekom Austria AG nor EuroTeleSites AG has the possibility
to influence this. Shareholders are therefore requested to clarify whether
they are eligible of disposing their EuroTeleSites shares prior to the
deposit entry with their depository bank.

There will be no change to the listing of Telekom Austria shares on the
Vienna Stock Exchange.

The spin-off of EuroTeleSites AG is expected to take place just before the
end of the third reporting quarter of Telekom Austria AG. As the
deconsolidation process takes a longer period of time, Telekom Austria AG
has decided to publish the results of the third quarter in an abbreviated
form, but still as planned on October 17, 2023. The approach chosen is to
present the condensed consolidated statement of comprehensive income as if
the tower business were part of the Telekom Austria Group as of the
reporting date September 30, 2023. The publication of the consolidated
statement of financial position and statement of cash flows as well as the
segment reporting is exceptionally waived.

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12.09.2023 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Telekom Austria AG
Lassallestrasse 9
1020 Vienna
Austria
Phone: 004350664 47500
E-mail: investor.relations@a1.group
Internet: www.a1.group
ISIN: AT0000720008
Listed: Vienna Stock Exchange (Official Market)
EQS News ID: 1723577

 
End of News EQS News Service

1723577  12.09.2023 CET/CEST