DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/AGM/EGM
2015-04-17 / 16:25

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In the Extraordinary General Meeting on 17 April 2015, the shareholders of IMMOFINANZ AG approved a reduction in the control threshold for a mandatory takeover offer (as defined in §22 (2) of the Austrian Takeover Act) to 15%. Additionally, Horst Populorum (41) and Wolfgang Schischek (71) were elected to the Supervisory Board. Their terms of office extend to the end of the annual general meeting that will vote on the release from liability for the 2018/2019 financial year.

The Supervisory Board now includes six shareholder representatives (Michael Knap, Chairman, Rudolf Fries, Vice-Chairman, Christian Böhm, Horst Populorum, Wolfgang Schischek and Nick J.M. van Ommen). The maximum number of Supervisory Board members to be elected by the annual general meeting was reduced to six.

IMMOFINANZ CEO Eduard Zehetner thanked the shareholders, also in response to the Friday morning announcement of the results of the partial takeover offer by CA Immobilien/O1 for IMMOFINANZ shares: "As a result of the great foresight shown by IMMOFINANZ shareholders, the bidders failed to meet their goal."

The proposals for two other changes to the articles of association - an increase in the majority required to dismiss a Supervisory Board member and a change in the allowable term of office for the election of substitute Supervisory Board members - did not receive the necessary majority.

On IMMOFINANZ Group
IMMOFINANZ Group is the leading listed commercial real estate investor and developer in Central and Eastern Europe. The company is included in the leading ATX index of the Vienna Stock Exchange and also trades on the Warsaw Stock Exchange. Since its founding in 1990, the company has compiled a high-quality property portfolio that now comprises more than 470 investment properties with a carrying amount of approx. EUR 6.8 billion. As a "real estate machine" the company concentrates on linking its three core business areas: the development of sustainable, specially designed prime properties in premium locations, the professional management of these properties and cycle-optimised sales. IMMOFINANZ Group concentrates its activities in the retail, office and logistics segments of eight regional core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Russia. Further information under: http://www.immofinanz.com / http://blog.immofinanz.com / http://properties.immofinanz.com

For additional information please contact:

MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson IMMOFINANZ Group 
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com


INVESTOR RELATIONS
Stefan Schönauer 
Head of Corporate Finance & Investor Relations 
IMMOFINANZ Group 
T +43 (0)1 88 090 2312 
M +43 (0)699 1685 7312 
investor@immofinanz.com 



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2015-04-17 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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Language: English Company: IMMOFINANZ AG Wienerbergstraße 11 1100 Wien Austria Phone: +43 (0) 1 88090 - 2291 Fax: +43 (0) 1 88090 - 8291 E-mail: investor@immofinanz.com Internet: http://www.immofinanz.com ISIN: AT0000809058 WKN: 911064 Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart; Open Market in Frankfurt ; Wien (Amtlicher Handel / Official Market)  
 
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