EQS-CMS: IMMOFINANZ AG: Other admission duties to follow

EQS Post-admission Duties announcement: IMMOFINANZ AG / Publication
according to § 119 (9) BörseG
IMMOFINANZ AG: Other admission duties to follow

12.07.2022 / 15:29
Dissemination of a Post-admission Duties announcement transmitted by EQS –
a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Announcement according to section 119 para 9 Austrian Stock Exchange
Act 2018

IMMOFINANZ AG: Release of other admission duties to follow according to
section 119 para 9 Austrian Stock Exchange Act 2018

ISIN: AT0000A21KS2

 

In the 29^th ordinary shareholders’ meeting of IMMOFINANZ AG held on 12
July 2022 the following resolutions have been passed in relation to item 8
of the agenda (Resolution on authorisations of the Executive Board for the
repurchase and sale of treasury shares other than via the stock exchange
or via a public offering, also with an authorisation of the Executive
Board to exclude the shareholders´ rights to a pro-rata disposal of their
shares as well as to a pro-rata purchase of shares (exclusion of
subscription rights) and the authorisation of the Executive Board to
redeem treasury shares):

“1.  The authorisation of the Executive Board granted in the 27th ordinary
shareholders’ meeting on 01 October 2020 to purchase treasury shares shall
be withdrawn and the Executive Board shall be authorised in accordance
with section 65 para 1 no 8 Austrian Stock Corporation Act as well as para
1a and para 1b Austrian Stock Corporation Act for a period of 30 months
from the date of the adopted resolution, with the consent of the
Supervisory Board, to repurchase treasury shares in the Company for a
total of up to 10 per cent of the share capital of the Company, also under
repeated use of the 10 per cent threshold, both over the stock exchange or
public offer as well as by other means, also with the exclusion of the
shareholders’ right to sell their shares, that may accompany such an
acquisition. The authorisation may be exercised in full or in part or in
multiple partial amounts by the Company, companies affiliated with it or
by third parties for their account, and in pursuit of one or more
purposes. The repeated use of the authorisation is permissible. The
authorisation shall be exercised by the Executive Board in such a way that
the portion of the share capital associated with the shares acquired by
the Company on the basis of this authorisation or otherwise may not exceed
10% of the share capital at any time. The equivalent price per share must
not fall below the level of EUR 1.00. The highest equivalent price per
share paid in the buy-back shall not be more than 15 per cent above the
average of the volume weighted daily closing price of the previous ten
trading days of the shares on the Vienna Stock Exchange prior to the
agreement of the respective acquisition. In the case of a public offer,
the cut-off date for the end of the calculation period shall be the day on
which the intention to make a public offer is announced (section 5 para 2
and 3 of the Austrian Takeover Act). If treasury shares are sold and
repurchased by the Company in the course of financing transactions (e.g.
repo transactions or swap transactions) or in transactions involving
securities lending or loans, the sales price shall be the highest
equivalent price for the buy-back in addition to appropriate interest.
 
2. The authorisation of the Executive Board granted in the 27th ordinary
shareholders’ meeting on 01 October 2020 to sell treasury shares shall be
withdrawn in the unused amount and the Executive Board shall be authorised
in accordance with section 65 para 1b Austrian Stock Corporation Act for a
period of 5 years from the date of the adopted resolution, subject to the
approval of the Supervisory Board, to sell and use treasury shares in
another way than over the stock exchange or through a public offering, and
also to hereby exclude the proportional purchase right of shareholders
(exclusion of subscription right). The authorisation may be exercised once
or on several occasions, in full or in part or in multiple partial amounts
and in pursuit of one or more purposes by the company, companies
affiliated with it (section 189a no 7 of the Austrian Business Code) or by
third parties for their account.

3. The authorisation of the Executive Board granted in the 27th ordinary
shareholders’ meeting on 01 October 2020 to redeem treasury shares shall
be withdrawn and the Executive Board shall be authorised without further
involvement of the shareholders’ meeting, with the consent of the
Supervisory Board, to redeem treasury shares. The Supervisory Board shall
be authorised to resolve upon amendments of the Articles of Association
resulting from the redemption of treasury shares.”

 

 

For additional information contact:

Bettina Schragl
Head of Corporate Communications and Investor Relations
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290

[1]communications@immofinanz.com

[2]investor@immofinanz.com

 

 

 

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12.07.2022

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Internet: http://www.immofinanz.com

 
End of News EQS News Service

1396503  12.07.2022 

References

Visible links
1. communications@immofinanz.com
2. investor@immofinanz.com