EQS-Adhoc: IMMOFINANZ AG: Revised guidance for the 2022 financial year

EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Financing
IMMOFINANZ AG: Revised guidance for the 2022 financial year

26-Apr-2022 / 09:00 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.

══════════════════════════════════════════════════════════════════════════

IMMOFINANZ AG: Revised guidance for the 2022 financial year

IMMOFINANZ AG will have short-term liquidity requirements of approx. EUR
568.8 million for its two corporate bonds with terms ending in 2023 and
2027 as a result of the change-of-control event. As of 25 April 2022,
investors holding the corporate bond with a term ending in 2023
(XS1935128956) had put a nominal value of EUR 295.7 million and investors
holding the corporate bond with a term ending in 2027 (XS2243564478) a
nominal value of EUR 262.2 million to IMMOFINANZ for repurchase. Investors
holding bonds with a total nominal value of EUR 982.8 million were
entitled up to 25 April 2022 to demand repayment at 101% of the nominal
amount plus accrued interest due to the change-of-control event.

The repayment of the put bonds will be serviced internally from
IMMOFINANZ’s liquid funds, which totalled EUR 987.1 million as of 31
December 2021.

The amount of this outflow of liquidity has an impact on the guidance
previously issued by IMMOFINANZ for business development in 2022 on the
growth of the portfolio to approximately EUR 6 billion, the target for FFO
1 (before tax) of more than EUR 135 million and, consequently, also on the
amount of the dividend payment for the financial years 2021 and 2022. The
previously issued guidance is therefore revised, and the Executive Board
will reassess the expected development of business.

On 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. With the new On Top Living brand, IMMOFINANZ is
expanding into sustainable and affordable living. The real estate
portfolio has a value of approximately EUR 5.2 billion and covers more
than 220 properties. IMMOFINANZ is listed on the stock exchanges in Vienna
(leading ATX index) and Warsaw. Further information under:
[1] https://www.immofinanz.com

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
[2]communications@immofinanz.com
[3]investor@immofinanz.com
IMMOFINANZ
1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

══════════════════════════════════════════════════════════════════════════

26-Apr-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

══════════════════════════════════════════════════════════════════════════

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: 1334955

 
End of Announcement EQS News Service

1334955  26-Apr-2022 CET/CEST

References

Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=0ed29e50f589c1b82eceada4cab90825&application_id=1334955&site_id=apa_ots_austria&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com

OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender