EQS Post-admission Duties announcement: IMMOFINANZ AG / Publication
according to § 119 (9) BörseG
IMMOFINANZ AG: Other admission duties to follow
31.05.2024 / 10:11 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 31^st ordinary shareholders’ meeting of IMMOFINANZ AG held on 29
May 2024 the following resolutions have been passed in relation to item 10
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 30^th ordinary
shareholders’ meeting on 3 May 2023 to purchase treasury shares to the
extent not utilised shall be withdrawn and the Executive Board shall be
authorised in accordance with section 65 para 1 no 8 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 (section 189a no 8
Austrian Commercial Code) 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 30^th ordinary
shareholders’ meeting on 3 May 2023 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 8 Austrian Commercial Code) or by
third parties for their account.
3. The authorisation of the Executive Board granted in the 30^th ordinary
shareholders’ meeting on 3 May 2023 to redeem treasury shares to the
extent not utilised 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:
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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31.05.2024 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
1915369 31.05.2024 CET/CEST
References
Visible links
1. communications@immofinanz.com
2. investor@immofinanz.com