AI assistant
CPI Europe AG — Capital/Financing Update 2011
Oct 7, 2011
746_rns_2011-10-07_473088ba-d33b-44a2-ad87-973c522d741a.html
Capital/Financing Update
Open in viewerOpens in your device viewer
News Details
Corporate | 7 October 2011 18:31
IMMOFINANZ AG: end of conversion period of Convertible Bond 2009-2011
IMMOFINANZ AG / Key word(s): Bond/Miscellaneous
07.10.2011 / 18:31
Corporate News
Vienna, 07 October 2011
IMMOFINANZ AG: end of conversion period of Convertible Bond 2009-2011
On 06 October 2011 at 4.00 pm (CET) the conversion period for the 7.00% Convertible Bonds 2009-2011 (ISIN XS0416178530) ('CB 2011') issued by IMMOFINANZ AG ended. As expected the holders of the CB 2011 converted nearly all of the CB 2011 into shares of IMMOFINANZ AG (ISIN AT0000809058). Thus, IMMOFINANZ AG has issued additional 45,854,915 shares to holders of the CB 2011 since 30 September 2011. Upon expiry of the conversion period only 49 of the CB 2011 (principal amount of EUR 100,000 per convertible bond) have not been converted by the convertible bond holders. Consequently, a principal amount of EUR 4.9 million plus interest is due for repayment on 22 December 2011 (maturity date) which will be paid out of cash and cash equivalents of the company which are readily available.
As a result of the almost full conversion of the CB 2011 the following positive effects are expected for the quarterly financial statements as at 31 October 2011:
– Increase of the equity of IMMOFINANZ Group by more than EUR 150 million in comparison to 31 July 2011.
– Increase of the equity ratio.
– Reduction of current liabilities out of convertible bonds.
– Positive earnings contribution in the second quarter 2011/12 compared to the first quarter 2011/12 of over EUR 8 million due to dissolution of accrued interest expense affecting net income and interest savings due to the cease of the CB 2011.
As a result of the conversion of CB 2011 the liabilities out of convertible bonds as at 06 October 2011 are as follows:
| ISIN | Maturity | Coupon in % | Principal amount as at 31/07/2011 in TEUR | Conversions/ repurchases 2011/12 in TEUR | Principal amount as at 06/10/2011 in TEUR | |
| Convertible Bond 2009-2011 | XS0416178530 | 22.12.2011 | 7.00% | 154,900.0 | -150,000.0 | 4,900.0 |
| Convertible Bond 2007-2014 | XS0283649977 | 19.01.2012*) | 2.75% | 103,300.0 | 0.0 | 103,300.0 |
| Convertible Bond 2007-2017 | XS0332046043 | 19.11.2012*) | 3.75%**) | 197,500.0 | -2,500.0 | 195,000.0 |
| Convertible Bond 2011-2018 | XS0592528870 | 08.03.2016*) | 4.25% | 515,122.3 | 0.0 | 515,122.3 |
| 970,822.3 | -152,500.0 | 818,322.3 |
*) Put option for convertible bond holders
**) Gross yield to maturity
For additional information please contact:
INVESTOR RELATIONS
Simone Korbelius
Investor Relations
IMMOFINANZ AG
T +43 (0)5 7111 2291
MEDIA INQUIRIES
Sandra Bauer
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ AG
T +43 (0)5 7111 2292
M +43(0)699 1685 7292
A-1100 Wien, Wienerbergstraße 11
www.immofinanz.com
End of Corporate News
07.10.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
| Language: | English |
| Company: | IMMOFINANZ AG |
| Wienerbergstraße 11 | |
| 1100 Wien | |
| Austria | |
| Phone: | +43 (0) 5 7111 – 2291 |
| Fax: | +43 (0) 5 7111 – 8291 |
| E-mail: | [email protected] |
| Internet: | http://www.immofinanz.com |
| ISIN: | AT0000809058 |
| WKN: | 911064 |
| Listed: | Freiverkehr in Berlin, München, Stuttgart; Open Market in Frankfurt; Wien (Amtlicher Handel / Official Market) |
| End of News | DGAP News-Service |
| - - - |
| 141693 07.10.2011 |