€500 million cash capital increase by UNIQA successfully completed

Upon termination of the subscription offer, UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase. The subscription price was €10.50 per share. Upon implementation of the cash capital increase, the share capital of UNIQA will be increased from €142,985,217 to €190,604,265, UNIQA said in a statement published on its website.

- The proceeds from the cash capital increase are intended to strengthen UNIQA’s capital position and solvency and, alongside the planned improvements resulting from the Group’s envisaged strategic repositioning programme UNIQA 2.0 and the expected proceeds from the planned Re-IPO in 2013 (depending on capital markets conditions), shall form the basis to capture growth opportunities in particular in Central and Eastern Europe (CEE). UNIQA plans to consistently expand the Group’s sales network in CEE to capture organic growth opportunities there. Furthermore, management expects opportunities for acquisitions and thus for expansion of its market positions in existing markets, as some competitors may begin to withdraw from CEE - reads the statement.