EQS-Adhoc: Telekom Austria AG: Reference price of EuroTeleSites shares set at EUR 4.95 per share

EQS-Ad-hoc: Telekom Austria AG / Key word(s): IPO
Telekom Austria AG: Reference price of EuroTeleSites shares set at EUR
4.95 per share

21-Sep-2023 / 18:34 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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Reference price of EuroTeleSites shares set at EUR 4.95 per share

Telekom Austria AG has been informed that the spin-off by formation to
establish EuroTeleSites AG in the commercial register will be registered
with effect as of September 22, 2023. Subject to the approval of the
listing prospectus by the Austrian Financial Market Authority and the
admission by Wiener Börse AG, trading in the shares of EuroTeleSites AG on
the Official Market of the Vienna Stock Exchange is also expected to
commence on this date.

The Management Board of Telekom Austria AG, together with the Management
Board of EuroTeleSites AG and with the assistance of external consultants
and their valuations, has determined the reference price of the
EuroTeleSites shares – which forms the basis for the first price formation
in stock exchange trading – to be EUR 4.95 per share.

The EuroTeleSites shares will be allocated on the basis of the respective
securities account balances in Telekom Austria shares at the end of the
last trading day prior to the allocation date, i.e. September 21, 2023.
Shareholders of Telekom Austria AG will receive 1 additional share in
EuroTeleSites AG for every 4 Telekom Austria shares held. Telekom Austria
shares will be traded „ex entitlement“ to the EuroTeleSites shares as of
September 22, 2023. An amount equal to one quarter of the reference price
of the EuroTeleSites shares (corresponding to the allotment ratio of 1
allotted EuroTeleSites share for every 4 Telekom Austria shares held) will
be deducted from the closing price of the Telekom Austria shares on the
Official Market on the Vienna Stock Exchange on September 21, 2023 prior
to the start of trading on September 22, 2023.

It is expressly pointed out that the depositary entry of the EuroTeleSites
shares shall only take place on September 26, 2023 (settlement date).
Whether or not shareholders of EuroTeleSites AG will be able to dispose of
their EuroTeleSites AG shares already at the time of the commencement of
trading on September 22, 2023, and prior to their depositary registration
on September 26, 2023, and, in particular, to sell their EuroTeleSites
shares on the stock exchange, depends exclusively on their respective
depositary institution. Neither Telekom Austria AG nor EuroTeleSites AG
can influence this. Shareholders are therefore requested to clarify the
possibility of selling their EuroTeleSites shares with their custodian
prior to registering them in their securities accounts.

End of Inside Information

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21-Sep-2023 CET/CEST News transmitted 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: 1731901

 
End of Announcement EQS News Service

1731901  21-Sep-2023 CET/CEST