STRABAG SE Announces Non-Cash Capital Increase and New Share Issuance

STRABAG SE has officially registered the execution of a non-cash capital increase in the commercial register, a move designed to diminish MKAO “Rasperia Trading Limited’s” stake. This strategic financial decision, formalized on March 21, 2024, by the Klagenfurt Regional Court, aims to mitigate associated risks and disadvantages with the previous shareholder structure.

Following this adjustment, the shareholding of MKAO “Rasperia Trading Limited”, controlled by sanctioned Russian citizen Oleg Deripaska, has been reduced from approximately 27.8% to about 24.1%. Consequently, Deripaska is no longer listed as a beneficial owner of STRABAG SE under the Beneficial Owners' Register Act.

The company announced that 15,621,982 new shares would be issued on March 26, 2024, to the holders of current STRABAG shares. This is part of a broader capital distribution plan that also involves a cash distribution to shareholders. The eligibility for either form of distribution requires possession of shares by the end of the trading day before the ex-date, set for March 22, 2024.

Newly issued shares will bear a separate ISIN (AT0000A36HJ5) and will be traded on the Vienna Stock Exchange, reflecting a distinct segment from previously existing shares until the resolution of ongoing legal challenges by MKAO “Rasperia Trading Limited.” Moreover, a set timetable outlines key milestones related to share options and cash distribution, ensuring clarity and order throughout the process.