EANS-Adhoc: immigon portfolioabbau ag notifies resolution authority of completion (ac-complishment) of wind-down of portfolio

Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.

Proposal to annual shareholders' meeting in May 2019 to resolve upon dissolution and liquidation; equity as at 31 December 2018 approx EUR 775 million

Company Information

Vienna - immigon portfolioabbau ag, Peregringasse 2, 1090 Vienna, FN 116476p ("immigon"), has been operating as a wind-down company pursuant to § 162 of the Austrian Act on Recovery and Resolution of Banks (BaSAG) since July 2015. The equity pursuant the financial statements (solo financial statements in accordance with local Austrian GAAP pursuant to the Austrian Commercial Code) of immigon which received an unqualified audit opinion today has, as a result of the positive results for 2018, increased by 15 percent to approx EUR 775 million.

Since immigon has completed the wind-down of its portfolio in accordance with applicable law and since immigon's liquid funds are sufficient in order to meet immigon's existing and excepted future liabilities, the managing board of immigon resolved today to notify the Financial Markets Authority (FMA) in its capacity as resolution authority of the accomplishment (completion) of the wind-down of its portfolio. The auditors of immigon have submitted their report pursuant to § 84 para 11 BaSAG on the independent review of the fulfilment of those prerequisites. If and as soon as the decision by the resolution authority will be available in which the resolution authority will declare that the operation of the wind-down company has ended, immigon will cease to be a wind-down company.

immigon plans to submit a proposal to the next annual shareholders' meeting of immigon (likely to be scheduled for 15 May 2019) to resolve on the dissolution and liquidation of immigon; such resolution shall be passed under the condition precedent that the resolution authority will declare by a formal decision the ending of the operation of the wind-down company. The supervisory board of immigon will propose to the shareholders' meeting that Ithuba Capital AG, which has been ranked first in a tender process, as liquidator. As planned, Mr. Stephan Koren and Mr. Michael Mendel will resign as members of the managing board at the time when the liquidation will start. Pursuant to immigon's current plans the liquidation of immigon will not be completed before the year 2028 and therefore the company will not be deleted from the companies' register before that date.

end of announcement euro adhoc

issuer: immigon portfolioabbau ag
Peregringasse 2
A-1090 Wien
phone: +43 (0)1 313 40-0
mail: info@immigon.com
WWW: www.immigon.com
ISIN: AT000B056544, AT000B053442,XS0275528627,AT000B060462,AT000B115902,

stockmarkets: Wien, Luxembourg Stock Exchange
language: English

Digital press kit: http://www.ots.at/pressemappe/18035/aom

Rückfragen & Kontakt:

Media contact:
Thomas Heimhofer
immigon portfolioabbau ag
mobile: +43 676 790 7890
email to: thomas.heimhofer@immigon.com