IMMOFINANZ AG: Disposal of treasury shares
Publication pursuant to section 65 para 1a of the Austrian Stock Corporation Act,
section 119 para 9 of the Austrian Stock Exchange Act 2018 in connection with section 5 of the Austrian Publication Regulation 2018
As announced in the ad hoc announcement of 26 August 2021, the Executive Board of IMMOFINANZ AG (hereinafter also "Company") has resolved to exercise the right to early mandatory conversion of the 4.00% mandatory convertible notes due 2023 (ISIN: AT0000A2HPN2) in the aggregate principal amount of EUR 120 million in accordance with the terms and conditions of the mandatory convertible notes.
In the course of the early mandatory conversion, 6,997,200 IMMOFINANZ-shares are to be issued to the holders of the mandatory convertible notes. These shares will be delivered from the treasury stock of IMMOFINANZ AG on 05 October 2021 on the basis of the authorisation granted by the shareholders' meeting on 01 October 2020 pursuant to Section 65 para 1b of the Austrian Stock Corporation Act.
Information on the disposal of treasury shares pursuant to section 5 para 2 of the Austrian Publication Regulation 2018:
Date of the authorisation by the shareholders' meeting: 01 October 2020.
Date and type of publication of the shareholders' resolution: 02 October 2020 via an information dissemination system in accordance with sections 118 para 1 no 9 in connection with para 1 no 22 and 119 para 9 of the Austrian Stock Exchange Act 2018 in connection with section 2 of the Austrian Disclosure and Reporting Order of 2018.
Expected date of disposal (allotment of shares): 05 October 2021.
Class of Shares: Bearer shares (ISIN AT0000A21KS2).
Volume of treasury shares: 6,997,200 treasury shares representing approx. 5.68% of the current share capital of the Company.
Upper and lower limit of the consideration per share: Not applicable. The shares are issued pursuant to the early mandatory conversion of the mandatory convertible notes issued by the Company; the conversion price according to the terms and conditions equals to EUR 17.1472.
Form and purpose of the disposal: Issue to the holders of the mandatory convertible notes issued by the Company pursuant to the early mandatory conversion by IMMOFINANZ AG.
Consequences for the admission of IMMOFINANZ shares to stock exchanges: None.
Disclosure according to section 5 para 4 of the Austrian Publication Regulation 2018: The details to be published pursuant to section 7 of the Austrian Publication Regulation 2018 regarding the disposal of treasury shares as well as amendments (as the case may be) to be published pursuant to section 6 of the Austrian Publication Regulation 2018, will be published on the website of IMMOFINANZ AG (https://immofinanz.com/en/investor-relations/shares/repurchase-sale-of-treasury-shares).
For additional information contact:
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290