EQS-News

CPI PROPERTY GROUP – Partial Sale of IMMOFINANZ Shares

EQS-News: CPI PROPERTY GROUP / Key word(s): Disposal CPI PROPERTY GROUP – Partial Sale of IMMOFINANZ Shares 22.12.2023 / 18:25 CET/CEST The issuer is solely responsible for the content of this announcement. CPI Property Group (société anonyme) 40, rue de la Vallée L-2661 Luxembourg R.C.S. Luxembourg: B 102 254                                                                                                                              Press Release - Corporate News Luxembourg, 22 December 2023 CPI PROPERTY GROUP – Partial Sale of IMMOFINANZ Shares CPI PROPERTY GROUP (“CPIPG” or the “Group”) is pleased to announce a small transaction which enhances liquidity while preserving strategic flexibility. Recently, CPIPG was approached by Petrus Advisers Investments Fund L.P. (“PAIF”), a London-based investment manager and current shareholder of IMMOFINANZ AG ("IMMOFINANZ"), about increasing their ownership stake. CPIPG agreed to sell 2,575,000 shares of IMMOFINANZ to PAIF, equivalent to 1.86% of the total outstanding. Notably, CPIPG’s shareholding in IMMOFINANZ remains above the strategically important threshold of 75%. The transaction value was about €51.9 million, equivalent to €20.15 per share. Concurrently, PAIF has granted CPIPG call options which are exercisable for up to 2 years. The sale provides CPIPG with additional liquidity, while the call option gives the Group flexibility on future strategic plans for IMMOFINANZ. CPIPG sees PAIF as a thought leader in the Austrian market, and both parties intend to engage regarding IMMOFINANZ’s governance, strategy, and shareholder value. For further information, please contact: Investor Relations Moritz Mayer [e-mail] For more on CPI Property Group, visit our website: www.cpipg.com     Follow us on X (CPIPG_SA) and LinkedIn 22.12.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	CPI PROPERTY GROUP
	40, rue de la Vallée
	L-2661 Luxembourg
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.cpipg.com
ISIN:	LU0251710041
WKN:	A0JL4D
Listed:	Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart
EQS News ID:	1803515

End of News	EQS News Service

1803515  22.12.2023 CET/CEST