The management and supervisory boards of Raiffeisen Bank International AG and unlisted parent Raiffeisen Zentralbank Österreich AG set RBI's free-float percentage at 34.9% following execution of the two companies' merger, compared to 39.2% previously, increasing the number of shares issued by 35,960,583 to 328,939,621.
The merger exchange ratio was audited by an independent court-appointed merger auditor.
An extraordinary general meeting of RBI shareholders will be held Jan. 24, 2017, to seek approval of the merger from a majority of at least 75% of the bank's share capital present at the meeting. The documents needed for the merger vote will be released by Dec. 23.