Important Resolutions following Today’s Annual General Meeting of Telekom Austria AG (Ad hoc Release)
Vienna, June 12, 2002: Following today’s Annual General Meeting, Telekom Austria AG (VSE: TKS: NYSE: TKA) announced these changes in the Supervisory Board’s membership:
Marco de Benedetti, Enzo Badalotti and Günther Chaloupek have terminated their mandate with the Supervisory Board of Telekom Austria AG.The newly elected members are Francesco Saverio Bruno, Giampaolo Zambeletti and the ÖIAG’s member of the Management Board Rainer Wieltsch.
In addition at the Annual General Meeting the resolution was passed to approve the conversion of all of the outstanding registered shares into bearer shares by amendment of Sec. 4 of the Articles of Association as follows:
Sec. 4 Para1, 1 st sentence of the Articles of Association: the share capital amounts to 1,090,500,000 and is divided into 500,000,000 no-par shares in bearer form.
Sec. 4 Para1, 2 nd sentence of the Article of Association is cancelled.
This amendment is a consequence of the recently announced adjustment of the shareholder agreement between the two major shareholders of Telecom Austria AG, ÖIAG and Telecom Italia.
The new Articles of Association are available here.
Contact:
Telekom Austria AG
Hans Fruhmann
Investor Relations
Tel: +43 (0) 59059 1-20917
E-mail: hans.fruhmann@telekom.at
