Corporate | 15 October 2014 19:58
DGAP-News: IMMOFINANZ AG / Key word(s): Bond/Miscellaneous
15.10.2014 / 19:58
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ISIN XS0592528870 - 4.25% Convertible Bonds due 2018
1. Adjusted Conversion Rights regarding shares of BUWOG AG (ISIN
AT00BUWOG001) pursuant to the Spin-off from IMMOFINANZ AG (effective from
26 April 2014)
On 26 April 2014 the spin-off from IMMOFINANZ AG to BUWOG AG and the
issuance of shares in BUWOG AG to the shareholders of IMMOFINANZ AG with
the allocation ratio of 1 : 20 (1 BUWOG-share per 20 IMMOFINANZ-shares)
became effective. Pursuant to the spin-off the conversion rights of the
4.25% Convertible Bonds due to 2018 (ISIN XS0592528870) ("CB 2018") issued
by IMMOFINANZ AG have been adjusted with respect to the issued shares in
BUWOG AG.
After the adjustment, a bondholder is entitled upon exercise of the
conversion right with respect to bonds delivered for conversion to receive
(i) the Settlement Shares (shares of IMMOFINANZ AG pursuant to § 9(a) of
the Terms and Conditions) subject to the conversion price applicable on 25
April 2014 (record date according to § 11(m) of the Terms and Conditions)
of EUR 3.56; and in addition
(ii) to a proportional number of shares of BUWOG AG per each Settlement
Share (IMMOFINANZ-share) corresponding to such number of shares in BUWOG
AG, to which, according to the allocation ratio (1 : 20) of the spin-off a
shareholder of IMMOFINANZ AG is entitled with respect to one share of
IMMOFINANZ AG.
Thus, after this adjustment pursuant to an exercise of the conversion right
per each Settlement Share to be delivered, a bondholder is entitled to a
proportional delivery of 0.05 shares of BUWOG AG.
The conversion price of EUR 3.56 applies as calculated conversion price
with respect to the Settlement Shares (IMMOFINANZ-shares) and the shares of
BUWOG AG to be delivered upon exercise of conversion rights.
This calculated conversion price is subject to adjustments with regard to
the Settlement Shares and the shares of BUWOG AG to be delivered after this
adjustment which are provided in the Terms and Conditions concerning the
Settlement Shares (applying analogously after this adjustment) to the
shares of BUWOG AG.
2. Adjustment of the Conversion Rights of the CB 2018 due to dividend
distribution of BUWOG AG (effective from 15 October 2014)
Pursuant to the cash dividend for the financial year 2013/14 of EUR 0.69
per share resolved upon in the ordinary shareholders' meeting of BUWOG AG
on 14 October 2014 the conversion rights of the CB 2018 of IMMOFINANZ AG
are adjusted with effect from 15 October 2014 as follows:
Previous number of Settlement Shares (IMMOFINANZ-shares):
Conversion rights per convertible bond (nominal amount EUR 4.12): 1.1573
New number of Settlement Shares (IMMOFINAZ-shares) after adjustment:
Conversion rights per convertible bond (nominal amount EUR 4.12): 1.1573
(no adjustment)
Previous number of Settlement Shares (BUWOG-shares):
Conversion rights per convertible bond (nominal amount EUR 4.12): 0.0579
New number of Settlement Shares (BUWOG-shares) after adjustment:
Conversion rights per convertible bond (nominal amount EUR 4.12): 0.0606
(due to dividend distribution of BUWOG AG)
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
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
DISCLAIMER
THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE
AN OFFER OR A SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY
SECURITIES. IN CERTAIN JURISDICTIONS THE DISTRIBUTION OF THIS ANNOUNCEMENT
MAY BE RESTRICTED BY APPLICABLE LAW. PERSONS WHO RECEIVE THIS ANNOUNCEMENT
SHALL INFORM THEMSELVES ON SUCH RESTRICTIONS AND COMPLY WITH THEM.
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15.10.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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