Other Capital Market Information | 1 October 2014 14:13
IMMOFINANZ AG / Release according to Article 82 Section 9 BörseG
01.10.2014 14:13
Dissemination of a Post-admission Duties announcement, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Vienna, 1 October 2014
Announcement according to Section 82 para 9 Austrian Stock Exchange Act
IMMOFINANZ AG: Release of other admission duties to follow according to
Article 82 Section 9 Austrian Stock Exchange Act
IMMOFINANZ AG
ISIN: AT0000809058
In the 21st ordinary shareholders' meeting of IMMOFINANZ AG held on 30
September 2014 the following resolutions have been passed in relation to
item 8 of the agenda (authorisation of the executive board in relation to
the acquisition and sale of treasury shares):
2. 'The authorisation of the executive board granted in the 19th ordinary
shareholders' meeting on 5 October 2012 to purchase treasury shares
shall be withdrawn and the executive board shall be authorised in
accordance with section 65 para 1 no 8 and para 1a and para 1b Austrian
Stock Corporation Act for a time period of 30 months starting with the
date of the resolution, with the consent of the supervisory board, to
repurchase treasury shares in the company up to 10 per cent of the
share capital of the company, also with repetitive utilisation of the
10 per cent threshold, both via the stock exchange and off-exchange,
also excluding the shareholders' right to a pro-rata disposal of their
shares. The authorisation may be exercised in total or partially also
in several tranches and in pursuit of one or several purposes. The
consideration per share must not be below the limit of EUR 0.10. The
consideration per share to be paid shall not be higher than 15 per cent
of the arithmetic mean of the average of the volume weighted daily
closing price of the previous ten trading days of the shares at the
Vienna Stock Exchange. If treasury shares are sold and repurchased by
the company in the course of financing transactions (e.g. repo
transactions or swap transactions), the consideration per share shall
not be higher than the sale price plus an appropriate interest rate.
3. The executive board shall be authorised in accordance with section 65
para 1b Austrian Stock Corporation Act for 5 years from the date of the
resolution, subject to the approval of the supervisory board, to
resolve on a mode of sale of treasury shares other than via the stock
exchange or via a public offering or to deploy the shares in other
forms, also excluding the shareholders' right to pro-rata purchase
(exclusion of subscription rights). The authorisation may be exercised
in total or partially or also in several tranches and in pursuit of one
or several purposes.
4. 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 number of shares redeemed on the basis
of this authorisation shall be deducted from the 10 per cent threshold
according to item 1. This does not apply for the redemption of treasury
shares (i) currently held by the company or its subsidiaries or (ii)
which are purchased in the course of the repayment of financing
transactions deploying treasury shares (sale of treasury shares based
on the authorisation of the company's shareholders' meeting of 5
October 2012). 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 please contact:
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com
01.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Internet: http://www.immofinanz.com
End of Announcement DGAP News-Service
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