STRABAG SE Announces Second Period for Submission of Cash Distribution Value Rights

STRABAG SE has opened a second submission period for the redemption of value rights linked to its capital reduction cash distribution, initially resolved during the 19th Annual General Meeting on June 16, 2023. Shareholders who did not convert these rights into new shares can now receive a cash payout of EUR 9.05 per share.

The collection period, managed by Erste Group Bank AG, will span from April 16 to May 14, 2024. This period allows shareholders to direct their custodian banks to collect the distribution. Payments are scheduled for completion by May 17, 2024. During the first collection phase, shareholders received a cash entitlement for shares that were not converted to new shares. The same entitlement now extends to this second phase.

STRABAG SE intends to continue processing distributions strictly following existing sanction restrictions and confirmations necessary to secure the process. They advise shareholders to consult with their custodian banks regarding potential bank charges and to retrieve necessary submission forms from the STRABAG SE website.

This announcement, necessary for smooth operation and legal conformity, also ensures transparency with shareholders regarding the distribution process and conditions attached to their holdings. It follows an initial announcement post-resolution in June 2023 and a subsequent more detailed instruction in March 2024.