EQS-Adhoc: Ad Hoc : AUSTRIACARD HOLDINGS AG: COMPANY PLANS TO PROPOSE TO THE GENERAL MEETING A CAPITAL INCREASE FROM COMPANY FUNDS AND ISSUE OF FREE SHARES AT A RATIO OF 1:1

EQS-Ad-hoc: AUSTRIACARD HOLDINGS AG / Key word(s): Capital Increase
   Ad Hoc : AUSTRIACARD HOLDINGS AG: COMPANY PLANS TO PROPOSE TO THE GENERAL
   MEETING A CAPITAL INCREASE FROM COMPANY FUNDS AND ISSUE OF FREE SHARES AT
   A RATIO OF 1:1

   31-May-2023 / 14:03 CET/CEST
   Disclosure of an inside information acc. to Article 17 MAR of the
   Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
   Group AG.
   The issuer is solely responsible for the content of this announcement.

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   AUSTRIACARD HOLDINGS AG: COMPANY PLANS TO PROPOSE TO THE GENERAL MEETING A
   CAPITAL INCREASE FROM COMPANY FUNDS AND ISSUE OF FREE SHARES AT A RATIO OF
   1:1 (ONE NEW SHARE FOR EACH EXISTING SHARE)

   Vienna, this 31st May 2023

   Public disclosure of inside information according to article 17 MAR

   The Management Board and the Supervisory Board of the Company propose that
   the Annual General Meeting of the Company on 30 June 2023 resolve to
   increase the share capital of the Company by EUR 18,176,934 from EUR
   18,176,934 to EUR 36,353,868 in the future by converting a partial amount
   of EUR 18,176,934 of the fixed capital reserves reported in the annual
   financial statements as at 31 December 2022 into share capital with the
   simultaneous issue of 18,176,934 new shares. For each share, one new share
   will therefore be booked to the respective deposit account.

   It is further proposed that the shares of the Company, previously par
   value shares, be converted into no-par value shares. After the capital
   increase from company funds and the issue of new (free) shares becomes
   effective, each share of the company will represent EUR 1 of the share
   capital as before. Since the capital increase from company funds and the
   issue of new (free) shares at a ratio of 1:1 will result in a doubling of
   the number of shares, but no effective capital injection will take place,
   a corresponding reduction in the stock exchange price of the share is to
   be expected in the same ratio.

   The capital increase from company funds by issuing new shares serves to
   increase liquidity and facilitate the tradability of the Company's share
   on the Vienna Stock Exchange and the Athens Stock Exchange.

   The capital increase from company funds and the issue of new (free) shares
   are subject to the approval of the Annual General Meeting and become
   effective only upon registration with the Austrian companies register.

   Disclaimer:

   This announcement is for information purposes only and does not offer of
   securities for sale or a solicitation of an offer to purchase any
   securities of the company, nor does it constitute a financial analysis or
   advice or recommendation relating to securities of the company.
   Furthermore, this communication does not constitute an advertisement in
   Austria within the meaning of article 2(1)(d) of the Regulation (EU)
   2017/1129 (the “Prospectus Regulation”) or any other legal provisions or
   an advertisement outside Austria and does not constitute a prospectus
   within the meaning of the Prospectus Regulation.

   This announcement is not for publication, disclosure or distribution in or
   into the United States of America, Australia, Canada, Japan or any other
   jurisdiction where such publication, disclosure or distribution would be
   unlawful or would be subject to approval by any such jurisdiction.

   This communication may not be distributed or forwarded to "U.S. persons"
   (as such term is defined in Regulation S under the U.S. Securities Act of
   1933, as amended ("Securities Act")) or to publications with a general
   circulation in the United States of America.

    

   Issuer:   AUSTRIACARD HOLDINGS AG
                 Lamezanstraße 4-8
                1230 Vienna
                 Austria

   Contact person:   Dimitris Tzelepis
   Tel.:                      +43 1 61065 - 357
   E-Mail:                  d.tzelepis@austriacard.com
   Website:               www.austriacard.com
   ISIN(s):                 AT0000A325L0
   Stock Exchange(s): Vienna Stock Exchange (prime market), Athens Exchange
   (main market)

   End of Inside Information

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   31-May-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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   Language:    English
   Company:     AUSTRIACARD HOLDINGS AG
                Lamezanstraße 4-8
                1230 Vienna
                Austria
   E-mail:      ac.contact@austriacard.com
   Internet:    https://www.austriacard.com/
   ISIN:        AT0000A325L0
   WKN:         A3D5BK
   Listed:      Vienna Stock Exchange (Official Market)
   EQS News ID: 1645881

   Notierung vorgesehen, intended to be listed;

    
   End of Announcement EQS News Service


   1645881  31-May-2023 CET/CEST

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