EQS-Adhoc: IMMOFINANZ AG: S IMMO intends to launch a Partial Takeover Offer

EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Offer
IMMOFINANZ AG: S IMMO intends to launch a Partial Takeover Offer

06-Dec-2021 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ AG: S IMMO intends to launch a Partial Takeover Offer

* S IMMO AG (S IMMO) announced today that a partial takeover offer shall
be launched to the shareholders of IMMOFINANZ AG (IMMOFINANZ).
* IMMOFINANZ takes notice of this announcement by S IMMO. The Management
Board and the Supervisory Board of IMMOFINANZ AG will review an offer
in detail and will comment on it in due course in accordance with the
Austrian Takeover Act (Übernahmegesetz).

S IMMO announced today as follows:

The Management Board and the Supervisory Board of S IMMO have decided to
increase its shareholding in IMMOFINANZ from currently 14.2% of the
outstanding shares by approximately 10% to approximately 25% of the
outstanding shares of IMMOFINANZ by way of a voluntary partial offer
pursuant to sections 4 et seq of the Austrian Takeover Act („Partial
Offer“). S IMMO sets the Offer Price at EUR 23.00 cum dividend in cash per
IMMOFINANZ share, which represents a compelling offer for IMMOFINANZ
shareholders based on a premium of 7.7% to the last closing price of the
IMMOFINANZ share on Friday, 03 December 2021, and a premium of 12.7% over
6-months VWAP. The announcement of the intention to launch the Partial
Offer is made, inter alia, subject to the permissibility under takeover
law, any necessary approvals under competition law and other customary
conditions of execution, which serve to safeguard the interests of S IMMO
and its shareholders. S IMMO reserves the right to expand the volume of
the Partial Offer and to further increase its shareholding in IMMOFINANZ
to up to 30% of the outstanding shares, also through further acquisitions
on or off the stock exchange.

The decision to make the Partial Offer is made after the anticipatory
mandatory takeover offer („Mandatory Offer“) announced by CPI PROPERTY
GROUP on 03 December 2021. S IMMO does not consider the price offered in
the Mandatory Offer attractive and will therefore not accept it.

IMMOFINANZ AG takes notice of this announcement by S IMMO. The Management
Board and the Supervisory Board will review an offer in detail and comment
on it in due course in accordance with the Austrian Takeover Act
(Übernahmegesetz).

About IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. The real estate portfolio has a value of approx. EUR
5.0 billion and covers roughly 210 properties. IMMOFINANZ is listed
on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further
information under: [1]http://www.immofinanz.com

IMPORTANT NOTICE

This announcement is a mandatory announcement pursuant to Article 17 of
the Market Abuse Regulation (EU) No 596/2014 and has been made by
IMMOFINANZ AG (IMMOFINANZ) solely for the purpose of disclosing inside
information and in connection with the published intention of S IMMO to
launch a takeover offer for securities of IMMOFINANZ. This announcement is
for information purposes only and does not constitute a solicitation or
recommendation or an invitation to buy or sell securities of IMMOFINANZ.

For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
[3]investor@immofinanz.com

1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

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06-Dec-2021 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1254437

 
End of Announcement EQS News Service

1254437  06-Dec-2021 CET/CEST

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References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=aeef811f93689f3fde940b0bdc0e72fb&application_id=1254437&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com