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UNIQA Versicherungen AG Announces Share Capital Increase

Monday, 23 Sep 2013 02:35am EDT 

UNIQA Versicherungen AG announced that has resolved on a capital increase to offer up to 94,359,616 new shares through (i) a rights offering to existing shareholders of UNIQA (the "Rights Offering") and (ii) a public offering to retail and institutional investors in Austria and (iii) a private placement to international institutional investors (the "Global Offering" and together with the Rights Offering, the "Offering"). An additional number of up to 6,666,667 over-allotment shares will be offered through an over-allotment facility in relation to which, in the event of the exercise of the greenshoe option, 6,666,667 additional shares will be issued in an additional capital increase with exclusion of subscription rights (greenshoe shares). The subscription price for new shares in the Rights Offering and the offer price for new shares in the Global Offering will be the same and will be determined following a bookbuilding process, in which interested investors can submit their orders for new shares. The price range for the bookbuilding process has been set at EUR 7.50 to EUR 8.50 per share. The Company targets gross proceeds of approximately EUR 750 million consisting of approximately EUR 700 million from the sale of new shares and approximately EUR 50 million from the sale of greenshoe shares. 

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