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IMMOFINANZ: Annual General Meeting approves dividend and re-elections to the Supervisory Board

DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/AGM/EGM
IMMOFINANZ: Annual General Meeting approves dividend and re-elections to the
Supervisory Board

29.09.2016 / 16:06
The issuer is solely responsible for the content of this announcement.

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Shareholders approved a dividend of six Euro cents per share for the
2015/16 financial year today, Thursday, at the 23rd annual general meeting
of IMMOFINANZ AG. The distribution will total approx. EUR 58.0 million.
Based on the closing price on 30 April 2016, the dividend yield equals
roughly 2.9%. The ex-dividend date is 30 September 2016, and payment will
be made on 4 October 2016.

The dividend is classified as a repayment of capital under Austrian law (§
4 (12) of the Austrian Income Tax Act) and is therefore not subject to
withholding tax for natural persons who are resident in Austria and who
hold IMMOFINANZ shares as part of their private assets.*

Michael Knap, Rudolf Fries, Christian Böhm and Nick J.M. van Ommen were
also re-elected to the Supervisory Board at the 23rd annual general
meeting. Their terms of office extend to the end of the annual general
meeting that will vote on the release from liability for the 2020 financial
year.

The IMMOFINANZ Supervisory Board remains unchanged and comprises six
shareholder representatives (Michael Knap, Chairman, Rudolf Fries,
Vice-Chairman, Christian Böhm, Nick J.M. van Ommen, Horst Populorum and
Wolfgang Schischek) as well as three staff representatives.

The shareholders also approved all other points on the agenda of today's
annual general meeting, including the conclusion of a settlement with the
former Executive Board member Norbert Gertner. This out-of-court solution
will result in cash inflows of approx. EUR 7.9 million to the IMMOFINANZ
Group.

*) subject to certain assumptions, e.g. when the capital repayment exceeds
the purchase cost of the shares for tax purposes

On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office 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 5.4 billion that covers
more than 360 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 please contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
T [phone]
M [phone]
[e-mail]
[e-mail]


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29.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: [phone] - 2290
Fax: [phone] - 8290
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 ; Warschau, Wien (Amtlicher
Handel / Official Market)


End of News DGAP News Service
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507233 29.09.2016