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

04.05.2023 / 10:05 CET/CEST
Dissemination of a Post-admission Duties announcement transmitted by EQS
News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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

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 30^th ordinary shareholders’ meeting of IMMOFINANZ AG held on 03
May 2023 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 29^th ordinary
shareholders’ meeting on 12 July 2022 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withdrawn and the Executive Board shall be authorised in accordance with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 29^th ordinary
shareholders’ meeting on 12 July 2022 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 29^th ordinary
shareholders’ meeting on 12 July 2022 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

 

 

 

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

04.05.2023 CET/CEST

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

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

 
End of News EQS News Service

1624499  04.05.2023 CET/CEST

References

Visible links
1. communications@immofinanz.com
2. 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