euro adhoc: RHI AG / Equity improves EUR 12.36 million by conversion of bonds (E)

Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.

RHI issued a subordinated convertible bond tranche B in 2002. The conversion of the bonds into 5,500 RHI AG shares each has been possible at the beginning of each quarter since
January 1, 2003. 44 bonds of a total of 1,809 convertible bonds tranche B have been converted to 242,000 RHI shares so far, the total number of shares last amounted to 20,162,039.
Effective October 1, 2004, 309 of the convertible bonds tranche B were announced for conversion into 1,699,500 RHI shares. The RHI Board passed the required resolution on the issue of new RHI shares today.
Following approval of the supervisory board and registration in the commercial register, RHI will apply for the admission of the new shares for trading effective from October 1, 2004 with the Vienna Stock Exchange. The total number of RHI shares will then increase to 21,861,539, subject to the required approvals.
RHI Group equity will increase by EUR 12.36 million following the conversions. The interest result 2004 will improve by EUR 0.74 million because the right to interest for 2004 for the bonds announced for conversion expires.

Further inquiry note:
Investor Relations
Dkfm. Markus Richter
Telefon: +43/0502 13 - 6123
Fax: +43/0502 13 - 6130
Tel: +43 0 50213-0
FAX: +43 0 50213-6213

Emittent: RHI AG Wienerbergstrasse 11 AT-1100 Wien Tel: +43 0 50213-0 FAX: +43 0 50213-6213 Email: WWW: ISIN: AT0000676903 WKN: 067690 Indizes: ATX Prime Börsen: official dealing Wiener Börse AG

end of announcement euro adhoc

Branche: Refractories
Sprache: Englisch