DGAP-Adhoc
CPI PROPERTY GROUP ('CPIPG') - Acquisition of additional 9,413,253 shares of IMMOFINANZ AG ('IMMOFINANZ') for a total participation of 35.49%
DGAP-Ad-hoc: CPI PROPERTY GROUP / Key word(s): Acquisition
CPI PROPERTY GROUP |
CPI PROPERTY GROUP ("CPIPG") - Acquisition of additional 9,413,253 shares of IMMOFINANZ AG ("IMMOFINANZ") for a total participation of 35.49%
Today, CPIPG and Petrus Advisers Investments Fund L.P. signed a conditional share purchase agreement on the acquisition by CPIPG of 9,413,253 IMMOFINANZ shares, corresponding to a participation of approx. 6.81% of the total registered nominal share capital of IMMOFINANZ. The purchase price per share amounts to EUR 22.70 cum dividend.
On this basis, as of 26 January 2022, thus CPIPG owns (directly and indirectly) a total of 26,621,030 IMMOFINANZ shares, corresponding to a participation of approx. 19.25%, with additional 22,442,408 IMMOFINANZ shares, corresponding to a participation of approx. 16.23% conditionally contracted. This represents a combined stake of 49,063,438 IMMOFINANZ shares, corresponding to a participation of approx. 35.49% of the total registered nominal share capital of IMMOFINANZ.
On 12 January 2022 CPIPG published the offer document in relation to the anticipatory mandatory takeover offer (the "Offer") to holders of (i) all outstanding ordinary shares of IMMOFINANZ (ISIN AT0000A21KS2) (the "Shares"), as well as (ii) the 2024 convertible bonds (ISIN XS1551932046) of IMMOFINANZ (the "Convertible Bonds"). Following today's transaction, the Offer will be improved in accordance with the Austrian Takeover Act (ÜbG): The initial Offer price of EUR 21.20 per Share, cum dividend for the financial year 2021 and EUR 102,746.53 (102.747%) for each nominal amount of EUR 100,000 per Convertible Bond will be increased to reflect the share price of today's transaction. The corresponding filings will be made with the Austrian Takeover Commission without undue delay in the coming days.