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IMMOFINANZ - Shareholders approve reduction in the control threshold and elect two new members to the Supervisory Board

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/AGM/EGM
IMMOFINANZ - Shareholders approve reduction in the control threshold
and elect two new members to the Supervisory Board

17.04.2015 / 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 [phone]
M [phone]
[e-mail]


INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T [phone]
M [phone]
[e-mail]



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17.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: [phone] - 2291
Fax: [phone] - 8291
E-mail: [e-mail]
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)


End of News DGAP News-Service
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