euro adhoc: OMV Aktiengesellschaft
Annual & Special Corporate
Meetings
OMV Supervisory Board approves new management holding
structure (E)
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
- Approval to separate the Exploration and Production and Refining and Marketing businesses - Holding structure provides basis for further growth
At its meeting today, the Supervisory Board of OMV Aktiengesellschaft approved the separation of OMVs businesses Exploration and Production as well as Refining and Marketing including petrochemicals in wholly owned subsidiaries. A resolution to this effect will be on the agenda of the Annual General Meeting on May 18, 2004. Depending on the approval of the Annual General Meeting and the required registration in the Commercial Register at the Commercial Court in Vienna, the new management holding structure should be effective as of July 1, 2004 and with retroactive effect for tax and contractual purposes from January 1, 2004.
A chart of the planned holding structure is available on request.
end of announcement euro adhoc 22.03.2004
Further inquiry note:
OMV
Investor Relations:
Brigitte H. Juen
Tel. +43 1 404 40-21622; e-mail: investor.relations@omv.com
Press:
Bettina Gneisz-Al-Ani
Tel. +43 1 404 40-21660; e-mail: bettina.gneisz@omv.com
Thomas Huemer
Tel. +43 1 404 40-21660; e-mail: thomas.huemer@omv.com
Internet Homepage: http://www.omv.com
Branche: Oil & Gas - Downstream activities
ISIN: AT0000743059
WKN: 074305
Index: ATX, ATX Prime
Börsen: Bayerische Börse / official dealing
Frankfurter Wertpapierbörse / official dealing
Wiener Börse AG / official dealing
London Stock Exchange / official dealing
Original content of: OMV Aktiengesellschaft, transmitted by news aktuell