Ad-hoc | 9 March 2016 18:30
IMMOFINANZ AG / Key word(s): Real Estate/Miscellaneous
09.03.2016 18:30
Dissemination of an Ad hoc 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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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN.
IMMOFINANZ announces its intention to sell approximately 10 million
ordinary shares (the "Placing Shares") in BUWOG AG (the "Company"). The
Placing Shares represent approximately 10% of the Company's issued share
capital.
The proceeds of the placement will be used to optimize the overall cost of
debt of IMMOFINANZ via repayment of corporate loans to involved Investment
banks.
The Placing Shares are being offered by way of an accelerated bookbuilding
(the "Placement") to institutional investors, which will be launched
immediately following this announcement. Barclays Bank PLC, Deutsche Bank
AG and J.P. Morgan Securities plc have been appointed as Global
Coordinators and Joint Bookrunners for the placement. Any of the Company's
ordinary shares held by IMMOFINANZ which are not sold in the Placement will
be subject to a 90 day lock-up (subject to (i) customary exceptions and
(ii) pledges of Shares by the Seller where such pledges are securing
recourse loan agreements (iii) usage of Shares to fulfill obligations
arising from the conversion of convertible bonds).
The final number of Placing Shares to be placed will be determined at the
closing of the bookbuilding process, and the results of the Placement will
be announced as soon as practicable thereafter.
Disclaimer:
This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person
in the United States, Australia, Canada, Japan or in any jurisdiction to
whom or in which such offer or solicitation is unlawful.
This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the "Securities Act"). Any
securities referred to herein will not be and have not been registered
under the Securities Act. There will be no public offer of the securities
in the United States of America.
Subject to certain exceptions under the Securities Act, the securities
referred to herein may not be offered or sold in Australia, Canada or Japan
or to, or for the account or benefit of, any national, resident or citizen
of Australia, Canada or Japan.
On IMMOFINANZ
IMMOFINANZ is a commercial real estate company whose activities are focused
on the retail and office segments of eight core markets in Europe: Austria,
Germany, Czech Republic, Slovakia, Hungary, Romania, Poland and Moscow. The
core business includes the management and development of properties. The
company has a real estate portfolio of approx. EUR 6.2 billion that covers
more than 390 properties. IMMOFINANZ is listed on the stock exchanges in
Vienna (leading ATX index) and Warsaw. Further information under:
http://www.immofinanz.com
For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com I investor@immofinanz.com
09.03.2016 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: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel / Official
Market)
End of Announcement DGAP News-Service
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