Erste Bank : 20.05.2022 - Announcement according to sec. 174 (2) Stock Corporation Act - Annual General Meeting 2022
May 20, 2022 at 02:45 am EDT
Share
Vienna, 20 May 2022
Erste Group Bank AG
FN 33209 m
ISIN AT0000652011
Announcement according to sec. 174 (2) Stock Corporation Act
In accordance with sec. 174 (2) Stock Corporation Act it is pointed out that in the 29th Annual General Meeting of Erste Group Bank AG on 18 May 2022 the Management Board was authorized, with the consent of the Supervisory Board, to issue convertible bonds (including Contingent Convertible Bonds according to § 26 Austrian Banking Act) until 18 May 2027, which have the subscription or conversion right for shares of the Company, in each case maintaining or excluding the subscription rights of the shareholders. In addition to or instead of a subscription or conversion right, the terms of issue may also establish a conversion obligation at the end of the term or at another point in time.
Convertible bonds may be issued only to the extent that conversion or subscription rights are satisfied and, in the case of a conversion obligation stipulated in the terms and conditions of issue, the corresponding conversion obligations are fulfilled from conditional capital. Furthermore, the volume of convertible bonds issued with exclusion of subscription rights from 18 May 2022 onwards is limited to the extent that the proportionate amount of the share capital attributable to new shares (i) for which subscription rights are excluded on the basis of section
5.1.2 of the Articles of Association, (ii) which serve to fulfill subscription rights, conversion rights and conversion obligations from convertible bonds issued with the exclusion of subscription rights from 18 May 2022 onwards pursuant to section 8.3 of the Articles of Association, and (iii) which serve to satisfy share options of employees, senior employees and members of the Management Board of the Company or a group company from conditional capital pursuant to section 6.3 of the Articles of Association, must not exceed in total 10% of the share capital of the Company.
The issue price, the terms of issue and the exclusion of shareholders' subscription rights shall be determined by the Management Board with the consent of the Supervisory Board.
The text of this resolution will be filed with the Commercial Register of the Commercial Court of Vienna.
Vienna, May 2022
The Management Board
1/1
Attachments
Original Link
Original Document
Permalink
Disclaimer
Erste Group Bank AG published this content on 20 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 May 2022 06:44:03 UTC.
Erste Group Bank AG is one of the leading Austrian banking groups. Net interest income by activity breaks down as follows:
- retail banking (42.4%);
- corporate banking (24.7%)
- investment, finance and market banking (8.4%);
- other (24.5%).
At the end of 2022, the group was managing EUR 222.6 billion in current deposits and EUR149.3 billion in current loans.
Products and services are marketed through a network of 2,029 branches located in Austria (797), Czech Republic (398), Romania (321), Slovakia (190), Croatia (133), Hungary (102) and Serbia (88).
Net interest income breaks down geographically as follows: Austria (44.7%), Europe (52.8%) and other (2.5%).
ERSTE GROUP BANK AG 
