Document background
The Shares Subscription Agreement is a fundamental document used in corporate financing transactions under Austrian law when a company seeks to issue new shares to investors. This agreement is essential for both private and public companies looking to raise capital through equity financing. The document must comply with the Austrian Stock Corporation Act (Aktiengesetz), the Austrian Commercial Code (UGB), and relevant EU regulations. It typically includes detailed provisions about the share subscription process, payment terms, representations and warranties, and closing conditions. The agreement is particularly important in the Austrian context as it must address specific local requirements regarding share capital, corporate governance, and shareholder rights. The document serves multiple purposes: it legally binds the parties to the share subscription, provides evidence of the transaction for regulatory compliance, and establishes a clear framework for the rights and obligations of both the issuing company and the subscriber.
