DGAP-News

IMMOFINANZ AG: Approval and execution of settlement to finalise the review of the exchange ratio applied in the merger of IMMOEAST and IMMOFINANZ - Seite 2

 

The share allocation is expected to take place on 30 May 2017 and will be carried out automatically over the OeKB clearing system and depositary banks. The shares will be distributed according to the allocation ratio in exchange for the derecognition of ISIN Code AT000A0GYT7 ("IMMOEAST AG - claim for possible subsequent adjustment of the exchange ratio") recorded for the former IMMOEAST shareholders in connection with the merger.  Fractional amounts arise when the number of ISIN shares (AT000A0GYT7) recorded in a security depository account multiplied by the allocation ratio of 0.088 do not result in a whole number.  The shares attributable to these fractional amounts will be sold over the stock exchange by a bank on behalf of IMMOFINANZ and the proportional share of the proceeds will be credited to the appropriate depository accounts. 

 
Adjustment of conversion rights of convertible bonds

In accordance with the share allocation and capital increase from authorised share capital (13,037,257 shares), the respective conversion prices of the following convertible bonds will be adjusted: 

4.25% convertible bond due 2018 (ISIN XS0592528870) and

2.00% convertible bond due 2024 (ISIN XS1551932046).

 

The adjusted conversions prices will be published separately.

                                               

Neither this announcement nor its content includes an offer or invitation to submit an offer or creates a legal obligation for the company. It is exclusively relevant to the substance of the settlement approved by the court.

 
Disclaimer

 
The distribution of this announcement may be restricted by law in certain jurisdictions. Persons who read this announcement should inform themselves about and observe any such restriction. 

 
This announcement is for background purposes only and does neither contain an offer nor an invitation to sell or the solicitation of an offer to buy or subscribe for any securities and does not constitute a legal binding commitment of the company in any jurisdiction, in particular there is no offer to any person in the United States, Canada, Japan, South Africa or Australia. No prospectus will be prepared in connection with the offering of the securities referred to herein. There will be no public offer of the securities referred to in this announcement.