DGAP-Adhoc

IMMOFINANZ AG announces successful completion of the disposal of 8.5 million BUWOG shares through an accelerated bookbuilding

IMMOFINANZ AG / Key word(s): Real Estate

15.09.2015 22:10

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.


IMMOFINANZ AG ("IMMOFINANZ") announces the successful placement of 8.5
million ordinary shares (the "Placing Shares") in BUWOG AG (the "Company").
The deal size was increased from the initially envisaged transaction size
of approx. 5 million Shares following demand in the bookbuilding. The
Placing Shares represent approximately 8.5% of the Company's issued share
capital. The selling price was equal to Euro 17.625 per share, in line with
today's closing price of the Shares, generating total gross proceeds to
IMMOFINANZ of approximately Euro 150 million. The transaction is expected
to settle on 17 September, 2015.

IMMOFINANZ will use the proceeds of the placement to partially fund the
payment to Bondholders who have accepted the cash option of the exchange
offer for IMMOFINANZ's EUR 375 million bonds exchangeable into shares of
the Company and who have elected to receive cash pursuant to such offer.
The remainder of the exchange offer will be funded by available liquidity
by IMMOFINANZ.

IMMOFINANZ will accept the offers made by the holders of 99.8% of the
aggregate nominal amount of IMMOFINANZ's EUR 375 million bonds exchangeable
into BUWOG shares (the "Bonds") in the incentivized exchange offer launched
on 1 September 2015 and hereby waives the condition that all Company shares
underlying the Bonds offered for acceptance under the cash option will be
sold in an accelerated bookbuilding. The settlement of the incentive offer
(payment of the cash consideration and/or incentive premium and delivery of
the shares underlying the Bonds where applicable) is expected to take place
on 18 September, 2015.

Following settlement of both transactions, IMMOFINANZ will hold
approximately 38.5 million ordinary shares in the Company.


Disclaimer:

This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person
in the United States, Australia, Canada, Japan or in any jurisdiction to
whom or in which such offer or solicitation is unlawful.

This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the "Securities Act"). Any
securities referred to herein will not be and have not been registered
under the Securities Act. There will be no public offer of the securities
in the United States of America.

Subject to certain exceptions under the Securities Act, the securities
referred to herein may not be offered or sold in Australia, Canada or Japan
or to, or for the account or benefit of, any national, resident or citizen
of Australia, Canada or Japan.


On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are
currently focused on the retail, office and logistics segments of eight
core markets in Europe: Austria, Germany, Czech Republic, Slovakia,
Hungary, Romania, Poland and Moscow. The core business includes the
management and development of properties. The company has a real estate
portfolio of approx. EUR 6.7 billion that covers more than 470 properties.
IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index)
and Warsaw. Further information under: http://www.immofinanz.com


For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T [phone]
M [phone]
[e-mail]
[e-mail]


15.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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 Announcement DGAP News-Service

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