EQS-RPT: IMMOFINANZ AG: Release according to Article 95a, Section 5 AktienG with the objective of Europe-wide distribution

EQS Related Party Transactions announcement: IMMOFINANZ AG / Release of an
   announcement according to Article 95a, Section 5 AktienG
   IMMOFINANZ AG: Release according to Article 95a, Section 5 AktienG with
   the objective of Europe-wide distribution

   25.09.2024 / 20:00 CET/CEST
   Dissemination of a Related Party Transactions 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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   Notice of a related-party-transaction
   pursuant to section 95a para 5 AktG 

   Vienna, 25 September, 2024

    

   IMMOFINANZ AG acquires 28,241,094 shares in S IMMO AG
   from CPI Property Group SA

    

   IMMOFINANZ AG and GENA NEUN Beteiligungsverwaltung GmbH, a 100% subsidiary
   of IMMOFINANZ AG, have each today entered into share purchase agreements
   for the acquisition of a total of 28,241,094 shares in S IMMO AG from CPI
   Property Group SA as well as agreements on long-term credit facilities
   with CPIPG.

    

   The following information is provided in relation to this transaction:

    

   Name of the related party: CPI Property Group SA ("CPIPG")

    

   Type of related party relationship: CPIPG holds 75% of the shares in
   IMMOFINANZ AG ("IMMOFINANZ").

    

   Date of transaction: The transaction agreements were signed today, 25
   September 2024, with the closing to take place immediately thereafter.

    

   The purchase price amounts to EUR 608.5 million or EUR 21.55 per S IMMO
   share and results from the cash compensation of EUR 22.05 to be paid to
   the minority shareholders of S IMMO AG in the course of the planned
   squeeze-out, less a discount of EUR 0.50 per share. The purchase will be
   partly financed through a long-term credit facility (loan) totaling EUR
   500 million at market conditions, provided to IMMOFINANZ and GENA NEUN
   Beteiligungsverwaltung GmbH by CPIPG.

    

   The value of the transaction alone does not exceed the 10% threshold
   pursuant to section 95a para 5 Austrian Stock Corporation Act (AktG).
   Publication in accordance with section 95a para 5 AktG is made for reasons
   of transparency.

    

   Further information: The cash compensation determined for the planned
   squeeze-out is based on a company valuation of S IMMO by PwC Advisory
   Services GmbH using the discounted cash flow method ("DCF method") in
   accordance with the Professional Guidelines of the Expert Committee on
   Business Administration and Organization of the Austrian Chamber of Tax
   Consultants and Auditors for the valuation of businesses (adopted at the
   meeting of the Expert Committee for Business Administration and
   Organization on 26 March 2014 (KFS/BW 1)), taking into account the
   additional recommendations and plausibility assessment of the company
   value of S IMMO determined on the basis of the DCF method applying the
   multiplier method (EPRA NTA multiples, trading multiples such as FFO and
   EBITDA). BDO Austria GmbH Wirtschaftsprüfungs- und
   Steuerberatungsgesellschaft, as the court-appointed expert auditor
   pursuant to section 3 para 2 Austrian Squeeze-out Act (GesAusG), has
   examined the adequacy of the cash compensation in accordance with the
   GesAusG. This information serves to assess that the purchase price and the
   other conditions of the transaction are adequate and reasonable (section
   95a para 5 AktG).

    

   If you have any questions, please contact:
   Simone Korbelius
   Investor Relations and Corporate Communications
   T +43 (0)1 88 090 2291
   M +43 (0)699 1685 7291
   [1]communications@immofinanz.com
   [2]investor@immofinanz.com

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   25.09.2024 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


   1995813  25.09.2024 CET/CEST

References

   Visible links
   1. mailto:communications@immofinanz.com
   2. mailto:investor@immofinanz.com

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