Voestalpine : continues to expand employee shareholding scheme—increase to 14.85%
December 03, 2018 at 08:13 am EST
Share
At present voestalpine Mitarbeiterbeteiligung Privatstiftung (the employee foundation for the Group's employee shareholding scheme) holds around 12.52% of voestalpine AG registered capital. The foundation also exercises the voting rights for around 1.28% privately-held shares belonging to current and former Group employees. After the capital increase this share will rise to 13.58% (including what will then be around 1.27% in private shares). Following the capital increase, voestalpine Mitarbeiterbeteiligung Privatstiftung will hold a total of 14.85% of the voting rights of voestalpine AG. In addition to Austria, the shareholding scheme is currently open to employees in Belgium, the Netherlands, Germany, Switzerland, Great Britain, Italy, Poland, Romania, the Czech Republic, and most recently in Spain and Sweden. More than 25,000 current and former employees from 150 European Group companies now hold a total of just over 24 million shares in voestalpine AG.
Attachments
Original document
Permalink
Disclaimer
voestalpine AG published this content on 03 December 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 03 December 2018 13:11:11 UTC
Voestalpine AG is one of the European largest steel makers. Net sales break down by family of products as follows:
- flat steel (32.6%): hot and cold laminated steel, galvanized steel, sheet metal, etc.;
- long steel (21%): steering systems, rods, non-welded tubes, etc.;
- special steel (18.9%);
- steel components (18.6%);
- other (8.9%).
Net sales break down by market into automotive (31.6%), oil industry (15.4%), rail transportation (10.3%), construction (10.1%), civil and mechanical engineering (10%), household appliances (4.4%), aerospace (2.2%) and other (16%).
Net sales are distributed geographically as follows: Austria (7.5%), Europe (54.5%), North America (17.2%), Asia (6.9%), South America (4.6%) and others (9.3%).
VOESTALPINE AG 
