Corporate | 7 October 2011 18:31


IMMOFINANZ AG: end of conversion period of Convertible Bond 2009-2011


IMMOFINANZ AG / Key word(s): Bond/Miscellaneous

07.10.2011 / 18:31

Corporate News

Vienna, 07 October 2011

IMMOFINANZ AG: end of conversion period of Convertible Bond 2009-2011

On 06 October 2011 at 4.00 pm (CET) the conversion period for the 7.00% Convertible Bonds 2009-2011 (ISIN XS0416178530) ('CB 2011') issued by IMMOFINANZ AG ended. As expected the holders of the CB 2011 converted nearly all of the CB 2011 into shares of IMMOFINANZ AG (ISIN AT0000809058). Thus, IMMOFINANZ AG has issued additional 45,854,915 shares to holders of the CB 2011 since 30 September 2011. Upon expiry of the conversion period only 49 of the CB 2011 (principal amount of EUR 100,000 per convertible bond) have not been converted by the convertible bond holders. Consequently, a principal amount of EUR 4.9 million plus interest is due for repayment on 22 December 2011 (maturity date) which will be paid out of cash and cash equivalents of the company which are readily available.

As a result of the almost full conversion of the CB 2011 the following positive effects are expected for the quarterly financial statements as at 31 October 2011:

– Increase of the equity of IMMOFINANZ Group by more than EUR 150 million in comparison to 31 July 2011.

– Increase of the equity ratio.

– Reduction of current liabilities out of convertible bonds.

– Positive earnings contribution in the second quarter 2011/12 compared to the first quarter 2011/12 of over EUR 8 million due to dissolution of accrued interest expense affecting net income and interest savings due to the cease of the CB 2011.

As a result of the conversion of CB 2011 the liabilities out of convertible bonds as at 06 October 2011 are as follows:

ISIN Maturity Coupon in % Principal amount as at 31/07/2011 in TEUR Conversions/ repurchases 2011/12 in TEUR Principal amount as at 06/10/2011 in TEUR
Convertible Bond 2009-2011 XS0416178530 22.12.2011 7.00% 154,900.0 -150,000.0 4,900.0
Convertible Bond 2007-2014 XS0283649977 19.01.2012*) 2.75% 103,300.0 0.0 103,300.0
Convertible Bond 2007-2017 XS0332046043 19.11.2012*) 3.75%**) 197,500.0 -2,500.0 195,000.0
Convertible Bond 2011-2018 XS0592528870 08.03.2016*) 4.25% 515,122.3 0.0 515,122.3
970,822.3 -152,500.0 818,322.3

*) Put option for convertible bond holders
**) Gross yield to maturity

For additional information please contact:

INVESTOR RELATIONS
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
investor@immofinanz.com

MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43(0)699 1685 7292
communications@immofinanz.com

A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com



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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 5 7111 – 2291
Fax: +43 (0) 5 7111 – 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
141693  07.10.2011