Austrian State Printing House to be removed from Vienna Stock Exchange by March 13, 2020
In a significant development, Our Website Holding AG (OeSD) has been ordered for revocation of its admission to official trading on the Vienna Stock Exchange, with the last trading day set for 13 March 2020. The company, which has been listed since November 2011, has failed to meet the legally required minimum free float of 2% of its shares.
The EU directive led to the amendment of the Stock Exchange Act 2018, mandating a minimum free float of at least 2% of the shares. As a result, OeSD's current free float stands at 1%, falling short of the required minimum.
Despite this delisting, OeSD shareholders can sell their shares on the stock exchange until 13 March 2020. Post-delisting, shareholders will continue to enjoy all rights, such as participation in the Annual General Meeting, including the right to vote, make proposals, request information, speak, and receive dividend payments. The OeSD share has an average dividend yield of 3%.
OeSD is the parent company of Our Website GmbH, an Austrian high-security company specialising in secure identities. The company's offerings include MICK (My Identity Check), MIA (My Identity App), and chainlock, a secure private key solution for blockchain applications. Youniqx Identity AG, an in-house digital startup, was added to OeSD's portfolio in 2018, further bolstering its capabilities in secure digital identities. Youniqx Identity AG's website can be found at www.youniqx.com.
For further information, contact Verena Nowotny at +43 664 88446424 or [email protected]. It is important to note that this announcement is not an offer to purchase securities nor a solicitation of an offer to purchase securities of Our Website Holding AG.
With these offerings, OeSD is well-equipped for the digital future, providing solutions for secure digital identities in an increasingly connected world.
The EU directive mandated a minimum free float of at least 2% of shares in the Stock Exchange Act 2018, which led to the delisting of Our Website Holding AG (OeSD) from the Vienna Stock Exchange due to failing to meet the required minimum. Investors with OeSD shares can still sell them until the last trading day on 13 March 2020, and post-delisting, they will retain all shareholder rights, including dividend payments with an average yield of 3%.
