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.

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   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   withdrawn and the Executive Board shall be authorised in accordance with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][email protected]

   [2][email protected]

    

    

    

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   04.05.2023 CET/CEST

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   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

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   2. mailto:[email protected]

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