The BÖHLER-UDDEHOLM share 2008
| ISIN Code: |
AT0000903851 |
| Type of stock: |
Bearer shares of common stock |
| Share capital: |
102,000,000 € divided in
51,000,000 shares |
| Share capital per share: |
2.00 € |
| Majority owner: |
voestalpine AG (90.65%) |
| First traded on: |
10 April 1995,
Vienna Stock Exchange |
| Capital increase: |
8 June 2005 |
| Stock split (1:4): |
8 June 2006 |
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IPO, SPO, Capital Increase
In March 1995 the former state owned company was partly privatized (27.3%) through an initial public offering of 3 million new shares. The offering price was 39.97 €. In March 1996, 5.25 million BÖHLER-UDDEHOLM shares was offered to the public by way of a secondary offering. The price was set at 57.05 € per ordinary share. The secondary public offering completed the privatization of the majority of BÖHLER-UDDEHOLM's shares. Around 60% of the shares offered were placed abroad and around 40% in Austria. 75% of the ordinary shares of BÖHLER-UDDEHOLM AG are free floating.
The share holder structure of BÖHLER-UDDEHOLM AG was enhanced in 2001 by the entry of a private Austrian financial investor group. This group is comprised of the investment company BU-Industrieholding GmbH, which is backed by Austrian entrepreneurs and industrialist families, and holds 25.6% of BÖHLER-UDDEHOLM AG share capital.
In November 2003, the Austrian State Holding Company (ÖIAG) sold its remaining 25% stake in BÖHLER-UDDEHOLM AG through a secondary public offering over the stock exchange. On 25 November 2003 BÖHLER-UDDEHOLM AG became a fully privatized company.
The offering for 2,750,000 shares of BÖHLER-UDDEHOLM stock from the ÖIAG portfolio was oversubscribed nearly four times, with total demand reaching 10,539,892 shares. This placement was directed primarily toward institutional investors in Austria and other countries, but also to retail investors in Austria. The price per share was set at 48.50 €, which corresponded to a discount of 3.3% from the closing price of the BÖHLER-UDDEHOLM share on the pricing date (20 November 2003).
During May/June 2005, BÖHLER-UDDEHOLM AG placed an capital increase and offered old shares at the same time. The offering of 2,201,900 common bearer shares consisted of 1,750,000 new shares from the capital increase and 451,900 share of the Company´s treasury stock. In addition, BU-Industrieholding GmbH granted a greenshoe of 150,000 shares. The total value of the transactiom amounted to 235.19 m€ (incl. greenshoe).
The offering was oversubscribed almost two times, the transaction was closed successfully on 8 June 2005. Thus the share capital of BOHLER-UDDEHOLM AG increased to 12.75 million shares.
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