DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung
DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung
DIE ERSTE österreichische Spar-Casse ... - ERSTE Stiftung
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General<br />
<strong>DIE</strong> <strong>ERSTE</strong> ÖSTERREICHISCHE SPAR-CASSE PRIVATSTIFTUNG<br />
<strong>DIE</strong> <strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<strong>Casse</strong> Privatstiftung ("<strong>ERSTE</strong> Foundation") is a private<br />
foundation under Austrian law and is registered in the Companies Register under FN 72984 f,<br />
Commercial Court Vienna. Its registered office is Friedrichstrasse 10, 1010 Vienna, Austria.<br />
The phone number is +43 50 100 15100.<br />
<strong>DIE</strong> <strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<strong>Casse</strong> Privatstiftung is the legal successor to "Erste<br />
oesterreichische <strong>Spar</strong>-<strong>Casse</strong>" founded in 1819 as a savings association.<br />
In 1993, <strong>DIE</strong> <strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<strong>Casse</strong> contributed its entire banking business into<br />
the newly founded subsidiary, "<strong>DIE</strong> <strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<strong>Casse</strong> - Bank<br />
Aktiengesellschaft" ("<strong>DIE</strong> <strong>ERSTE</strong>"), and remained its principal shareholder as the "<strong>DIE</strong><br />
<strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<strong>Casse</strong> Anteilsverwaltungssparkasse" ("<strong>ERSTE</strong> AVS"). Following<br />
the initial public offering of Erste Bank der oesterreichischen <strong>Spar</strong>kassen AG ("Erste Bank",<br />
the legal predecessor of Erste Group Bank) to which <strong>DIE</strong> <strong>ERSTE</strong> had been previously<br />
renamed, in 1997, the share of <strong>ERSTE</strong> AVS in Erste Bank dropped to below 50%, but <strong>ERSTE</strong><br />
AVS remained the largest shareholder of Erste Bank. In 2003, <strong>ERSTE</strong> AVS was transformed<br />
into a private foundation and the name was changed to "<strong>DIE</strong> <strong>ERSTE</strong> <strong>österreichische</strong> <strong>Spar</strong>-<br />
<strong>Casse</strong> Privatstiftung". It is the direct successor of the savings association founded in 1819.<br />
According to Austrian law, private foundations such as <strong>ERSTE</strong> Foundation are legal entities<br />
to which assets have been allocated whose use, administration and realisation serve a<br />
specific purpose. Private foundations do not have shareholders. <strong>ERSTE</strong> Foundation was<br />
established for an indefinite period of time. In the following cases it shall be liquidated (apart<br />
from the cases specified in the Austrian Private Foundation Act): In the case of material<br />
changes in the legal framework of the property rights of the private foundation itself and its<br />
rights in Erste Group Bank or if the share held by the private foundation in Erste Group Bank<br />
drops below 15% of the voting share capital.<br />
Purpose and Objective of <strong>ERSTE</strong> Foundation<br />
The objectives of <strong>ERSTE</strong> Foundation are laid down in Article 3 of the Foundation Statutes<br />
(<strong>Stiftung</strong>serklärung). Accordingly, the purpose of <strong>ERSTE</strong> Foundation is the promotion of:<br />
a) the notion of savings banks and savings bank matters,<br />
b) the economy and technology,<br />
c) science and art,<br />
d) research,<br />
e) culture and educations,<br />
f) religious organisations,<br />
g) conservation of traditional heritage,<br />
h) the environment,<br />
i) health and welfare services.<br />
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