Telecom Italia International N.V. sells 65million shares in Telekom Austria AG (Ad hoc Release)
This press release may not be published or distributed in or sent to the United States of America, Canada and Japan.Vienna, November 5, 2002 - Telecom Italia International N.V. sold 65million shares in Telekom Austria AG (VSE: TKA, NYSE: TKA) in a private placement to institutional investors in the United States of America (qualified institutional buyers) as well as to professional investors in Austria and outside the United States under Regulation S of the U.S. Securities Act of 1933 for EUR 7.45 per share.
J.P. Morgan Securities Ltd. and Merrill Lynch International acted as Joint Bookrunners and Joint Lead Managers, and together with Lehman Brothers as Joint Global Coordinators.The underwriters may purchase up to an additional 10million shares within 30 days from the date of pricing to cover over-allotments.
Today, application will be made to list 325million no-par value bearer shares of Telekom Austria AG on the official market of the Vienna Stock Exchange. The first trading of the shares is expected on November 6, 2002.
Contact:
Hans Fruhmann
Telekom Austria AG
Investor Relations,
Tel.: +43 (0) 590591-20917
E-mail: hans.fruhmann@telekom.at
This document does not constitute or contain an offer to sell or a solicitation of an offer to buy any securities in the United States, in Austria or elsewhere. The ordinary shares of the Company have not been and will not be sold in the United States or for the account or benefit of U.S. persons (as such terms are defined in Regulation S under Securities Act) unless registered under the Securities Act or pursuant to an exemption from such registration. In Austria, the ordinary shares of the Company have been offered exclusively by way of a non public offering to a limited circle of persons within the scope of their business or professional activity according to Section 3/1/11 of the Austrian Capital Market Act.
Stabilisation/FSA
