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Lenzing Group/Lenzing AG
23.04.1999
At today's Annual General Meeting of Lenzing AG in Vienna, the following was proposed and agreed: A dividend payment for 1998 of ATS 10 per share. The ex dividend date will be April 26, 1999.
At the 55th Annual General Meeting it was also decided to convert the Lenzing par-value shares to individual share certificates and the share capital to Euros. This will have no effect either on the intrinsic value of the shares or the rights associated with the shares. The share capital, which was previously denominated in ATS, was converted to Euros as follows:
Lenzing share capital in ATS 367,500,000
Lenzing share capital in Euros (new) 26,717,250
The difference of Eur 9.983,44 arising from the conversion is covered by the revenue reserve in accordance with the Euro Judicial Introduction Bill.
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