EQS-Ad-hoc: IMMOFINANZ AG / Keyword(s): Squeeze-Out/Investment/Company Investment IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze out at S IMMO AG May 24th, 2024 / 3:02 p.m. CET/CEST Publication of insider information according to article 17 of Regulation (EU) No. 596/2014, transmitted by EQS News – a service of EQS Group AG. The issuer/publisher is responsible for the content of the message. ════════════════════════════════════════ ══════════ ════════════════════════ Adhoc announcement Vienna, May 24, 2024 IMMOFINANZ starts preparations for a squeeze out at S IMMO AG IMMOFINANZ AG Z” ) today received the approval of your Supervisory Board to begin preparing a shareholder exclusion (squeeze out) in accordance with the Shareholder Exclusion Act (GesAusG) at S IMMO AG (“S IMMO”). With the exclusion of shareholders, the shares of S IMMO (AT0000652250) held by minority shareholders are to be transferred to IMMOFINANZ as the main shareholder in return for appropriate cash compensation. IMMOFINANZ, together with its parent company CPI Property Group SA (“CPIPG”), holds a share of around 88.37% of S IMMO’s share capital (taking into account S IMMO’s own shares around 92.54%), so that IMMOFINANZ is a main shareholder according to GesAusG is. The shareholder exclusion currently affects 5,246,664 S IMMO shares, corresponding to around 7.13% of the share capital. These are the shares that are not held by IMMOFINANZ, CPIPG or S IMMO as treasury shares. At the start of the procedure under the Shareholder Exclusion Act, IMMOFINANZ, as the main shareholder, will send a request to S IMMO. The cash compensation for the acquisition of the S IMMO shares should be determined on the basis of a valuation report to be obtained. The exclusion of shareholders must then be decided at a general meeting of S IMMO, which is planned for autumn 2024. About IMMOFINANZ The IMMOFINANZ Group is a commercial real estate group and focuses its activities on the office and retail segments in eight core markets in Europe: Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business includes the management and development of real estate. IMMOFINANZ relies on its established real estate brands STOP SHOP (retail), VIVO! (retail) and myhive (office) as well as complementary products and portfolios, such as that of S IMMO. IMMOFINANZ increased its stake in S IMMO to 50% plus 1 share at the end of 2022 and is now fully consolidating this company. The IMMOFINANZ Group has real estate assets worth around EUR 8.2 billion, spread across more than 500 properties. The company is listed on the Vienna (leading index ATX) and Warsaw stock exchanges. Further information: (1) https://www.immofinanz.com
IMPORTANT INFORMATION This notification is a mandatory report in accordance with Article 17 of the Market Abuse Regulation (EU) No. 596/2014 and was made by IMMOFINANZ AG (IMMOFINANZ) exclusively to disclose insider information and in connection with a possible exclusion of shareholders at S IMMO AG (S IMMO). This communication is for informational purposes only and does not constitute a request or recommendation to buy or sell, nor an offer to buy or sell securities of IMMOFINANZ or S IMMO. Conditions and other provisions relating to shareholder exclusion are legally binding in the IMMOFINANZ and S IMMO regulations published documents. The content of these documents is decisive and IMMOFINANZ expressly recommends checking these documents. To the extent that this announcement contains forward-looking statements regarding IMMOFINANZ (and/or S IMMO), these do not constitute facts and are identified by words such as “will”, “expect”, “believe”, “estimate”, “intend” , “aim for”, “assume” and similar phrases. These statements express intentions, views or current expectations and assumptions of IMMOFINANZ. The forward-looking statements are based on current plans, estimates and forecasts, but do not make any statement about their future accuracy. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and are usually beyond the control of IMMOFINANZ. It should be noted that actual events or outcomes could differ materially from those contained in or expressed in the forward-looking statements. 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 (2)communications@immofinanz.com
(3)investor@immofinanz.com A-1100 Vienna, Wienerbergstraße 9
www.immofinanz.com
End of inside information ══════════════════════════════════════ ═════════ ═══════════════════════════ 05/24/2024 CET/CEST Announcement transmitted by EQS Group AG.
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════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: Immofinanz AG Wienerbergstraße 9 1100 Vienna Austria Telephone: +43 (0) 1 88090 – 2291 Fax: + 43 1 88090 – 8291 Email: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2 WKN: A2JN9W Stock exchanges: open market in Berlin, Frankfurt, Munich, Stuttgart; Warsaw, Vienna Stock Exchange (official trading) EQS News ID: 1910913 End of message EQS News Service 1910913 05/24/2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1910913&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com