11.09.2012 |
- UNIQA Group creating a new, streamlined Group structure to prepare for Re-IPO
- Supervisory Board approves capital increase for UNIQA Versicherungen AG to purchase Austria Privatstiftung and Collegialität's shares in UNIQA Personenversicherung AG
UNIQA Group is preparing rigorously for its Re-IPO. As announced, UNIQA Group is taking the next steps to streamline its structure and make it more suitable for the stock market.
UNIQA Sachversicherung AG and CALL DIRECT Versicherung AG will merge with UNIQA Personenversicherung AG as the acquiring entity, which at the same time will be renamed UNIQA Österreich Versicherungen AG.
In the run-up to this reorganisation, Austria Versicherungsverein auf Gegenseitigkeit Privatstiftung (Austria Privatstiftung) and Collegialität Versicherung auf Gegenseitigkeit (Collegialität) will contribute their direct shareholdings in UNIQA Personenversicherung AG, totalling some 36.61 per cent, to UNIQA Versicherungen AG, the listed holding company.
The underlying non-cash capital contribution agreement was signed back on 26 June 2012 (see also ad hoc release dated 26 June 2012).
With the acquisition of shares from Austria Privatstiftung and Collegialität, UNIQA Personenversicherung AG (to be known as UNIQA Österreich Versicherungen AG) will become a wholly-owned subsidiary of the holding. The earnings of the future UNIQA Österreich Versicherungen AG will then be fully consolidated into the UNIQA Group's financial statements, as no minority interests will be subtracted.
In return for contributing their shares, Austria Privatstiftung and Collegialität will receive 21,279,295 and 2,364,340 new no par value shares in UNIQA Versicherungen AG, respectively.
Supervisory Board approves capital increase by 23.6 million new shares
On 11 September 2012, the Supervisory Board of UNIQA Versicherungen AG approved the resolution of the Management Board dated 11 September 2012, stipulating the issue of 23,643,635 new shares to increase the share capital to € 214,247,900. This capital increase comes from the remainder of the capital authorized by the Annual General Meeting. The action will take legal effect upon entry in the Commercial Register, currently set for 15 September 2012. Owners of the new shares will be entitled to receive dividends for the entire 2012 financial year. There are plans to list the new shares in the Vienna Stock Exchange's Prime Market segment.
Following the contribution of shares in UNIQA Personenversicherung, the shareholder structure for UNIQA Versicherungen AG will be: RZB Group 43.8 per cent, Austria Beteiligungs-Verwaltung 35.05 per cent, Austria Privatstiftung 9.93 per cent, Collegialität
3.34 per cent, free float 7.51 per cent, treasury shares 0.38 per cent. Control over UNIQA Versicherungen AG remains unchanged. RZB Group, Austria Privatstiftung, Austria Beteiligungs-Verwaltung and Collegialität will hold a total of 92.11 per cent voting rights.
UNIQA Österreich Versicherungen AG to be launched in October
Once UNIQA Versicherungen AG has purchased the shares in UNIQA Personenversicherung AG, UNIQA Sachversicherung AG and CALL DIRECT Versicherung AG will merge with UNIQA Personenversicherung AG to become UNIQA Österreich Versicherungen AG. Pending regulatory approval, this is expected to take legal effect in October 2012 upon entry in the Commercial Register.
The shares previously held by UNIQA Versicherungen AG in Salzburger Landes-Versicherung AG will also be contributed to UNIQA Österreich Versicherungen AG.
Salzburger Landes-Versicherung AG will therefore become a wholly-owned subsidiary of UNIQA Österreich Versicherungen AG.
At the time of its launch, UNIQA Österreich Versicherungen AG and its subsidiary Salzburger Landes-Versicherung AG will already have more than 2.4 million Austrian customers via nine regional branches and 320 customer service centres (local insurance companies). The Management Board of UNIQA Österreich Versicherungen AG is unchanged and consists of Hartwig Löger (CEO; Sales Management), Silvia Harfmann (Process Management), Peter Eichler (Personal Insurance Management) and Robert Wasner (Property Insurance Management).
Raiffeisen Versicherung, with Klaus Pekarek as CEO, will remain a wholly-owned subsidiary of UNIQA Versicherungen AG and will be a sister company of UNIQA Österreich Versicherungen AG. It is tailored precisely to the needs of Raiffeisen's banking advisors and clients in Austria.
FINANCE LIFE Lebensversicherung AG, as a 50-50 subsidiary of UNIQA Österreich Versicherungen AG and Raiffeisen Versicherung AG, will continue to offer unit and indexlinked life insurance products for the sales channels of UNIQA Österreich Versicherungen
AG and Raiffeisen Versicherung AG.
Reservations concerning statements about the future
This message contains statements that refer to future developments in the UNIQA Group.
These statements are appraisals that are made based on all information available to us at the current point in time. If the assumptions on which they are based do not occur, the actual events may vary from the results currently expected. For this reason, we cannot accept liability for these statements.