Closing of Gallaher's Acquisition of OIAG's 41.13 Percent Interest in Austria Tabak.Business Editors LONDON--(BUSINESS WIRE)--Aug. 23, 2001 Election of New Austria Tabak Supervisory Board Supervisory board The board of directors that represents stakeholders in the governance of the corporation. Members Becomes Effective Appointment of New Austria Tabak Management Board Members Gallaher Group Gallaher Group is a major British based multinational tobacco company. It was traded on the London Stock Exchange and was a constituent of the FTSE 100 Index prior to its April 2007 acquisition by Japan Tobacco. Plc (NYSE NYSE See: New York Stock Exchange : GLH GLH Gallaher Group PLC (stock symbol) GLH guided learning hours (education) GLH Goes Like Hell GLH Green Leafhopper GLH Girl Love Handles GLH Ground Launched Hellfire (missile) ), the leading tobacco company for the UK market, today announces that its acquisition of 41.13 percent of the issued share capital of Austria Tabak Aktiengesellschaft ("Austria Tabak") from Osterreichische Industrieholding Aktiengesellschaft ("OIAG OIAG Osterreichische Industrieholding AG (German: Austrian Privatization Agency) "), for a cash consideration of Euro 769 million, has completed. Under Austrian takeover law, and in conjunction with Austria Tabak's articles of association, Gallaher is now deemed to have acquired a controlling shareholding in Austria Tabak and is required to launch an unconditional cash offer for the remaining issued share capital of Austria Tabak. It is envisaged that this offer will be launched shortly. Following today's closing, the resignation of all the existing elected members of Austria Tabak's Supervisory Board, with the exception of Dr. Prebil, representing the retail shareholders, became effective. The nominees elected to the Austria Tabak Supervisory Board at the Austria Tabak Extraordinary Shareholders' Meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on August 20, 2001 who are directors or employees of Gallaher (Peter Wilson For other persons of the same name, see Wilson (surname). Peter Wilson or Pete Wilson is the name of:
At the Austria Tabak Supervisory Board meeting held following closing today, Peter Wilson and Nigel Northridge were elected Chairman and Deputy Chairman of the Austria Tabak Supervisory Board respectively. In addition, Rudolf Wagner, currently a General Manager of Austria Tabak, and Nigel Simon, a director of Gallaher, were appointed to the Austria Tabak Management Board with effect from October 1 and November 1, 2001 respectively. Heinz Schiendl remains a member of the Management Board. |
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