CPI Europe AG — Capital/Financing Update 2011

Mar 3, 2011

News Details

Corporate | 3 March 2011 07:37

IMMOFINANZ AG: Announcement of commencement of bookbuild for the new convertible issue

IMMOFINANZ AG / Key word(s): Issue of Debt

03.03.2011 / 07:37

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE
OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS AN OFFER OR THE
SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR, ANY SECURITIES.

NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA OR JAPAN, OR IN ANY OTHER JURISDICTION IN WHICH OFFERS OR
SALES WOULD BE PROHIBITED BY APPLICABLE LAW.

IMMOFINANZ AG: Announcement of commencement of bookbuild for the new
convertible issue

On 14 February 2011, IMMOFINANZ AG (the 'Company') announced its intention
to issue new convertible bonds due 2018 (the 'Bonds').

Bookbuild for the new convertible issue
The total issue size is up to 125,029,692 convertible bonds. Each Bond will
be convertible initially into 1 no-par value bearer share of the Company.
In today's institutional placement 121,211,886 Bonds will be offered by way
of a bookbuilding process outside of the United States of America,
Australia, Canada and Japan in reliance on Regulation S of the U.S.
Securities Act of 1933. Bonds not included in the institutional placement
have already been subscribed for by the shareholders of the Company.

The conversion price is expected to be set at a premium of an indicative
range of 30 - 35% above the VWAP (Volume Weighted Average Price) of the
Company's shares on the Vienna stock exchange from the start of the trading
until pricing, which is expected today. The coupon is expected to be set in
the range of 3.50 - 4.25% per annum, payable semi-annually in arrear.

The maturity date of the Bonds will be 8 March 2018. Holders of the Bonds
will be entitled to require an early redemption of their convertible bonds
on the fifth anniversary of the issue date, at the principal amount
together with accrued interest. The Company may redeem the Bonds after five
years of issuance pursuant to the terms and conditions provided the
Company's share price during a certain period is equal to or exceeds 130
per cent. of the then prevailing conversion price.

Credit Suisse Securities (Europe) Limited is acting as Sole Global
Coordinator and together with Deutsche Bank AG and UniCredit Bank Austria
AG as Joint Bookrunner. Semper Constantia Privatbank Aktiengesellschaft is
acting as Co-Manager.

It is expected that the Company will publish the final terms of the Bonds
via electronic media later today.

The Bonds are expected to be delivered on or around 8 March 2011 (closing).

Inclusion of IMMOFINANZ AG's shares to the ATX
The Vienna Stock Exchange announced yesterday that the shares of the
Company will be included in the ATX effective as of 21 March 2011. The
Company welcomes this development and expects further strengthening of its
capital market profile.

Disclaimer

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT CONSTITUTE
OR FORM PART OF, AND SHOULD NOT BE CONSTRUED AS AN OFFER OR AN INVITATION
TO SELL, OR ISSUE OR THE SOLICITATION OF ANY OFFER TO BUY OR SUBSCRIBE FOR,
ANY CONVERTIBLE BONDS OR ANY OTHER SECURITIES OF THE COMPANY. THE
CONVERTIBLE BONDS WERE OFFERED TO EXISTING SHAREHOLDERS OF THE COMPANY FOR
SUBSCRIPTION IN THE COURSE OF A NON-PUBLIC SUBSCRIPTION OFFER. IN
CONNECTION WITH THIS TRANSACTION THERE HAS NOT BEEN, NOR WILL THERE BE, ANY
PUBLIC OFFERING OF THE CONVERTIBLE BONDS. NO PROSPECTUS HAS BEEN OR WILL BE
PREPARED IN CONNECTION WITH THE OFFERING OF THE CONVERTIBLE BONDS. THE
CONVERTIBLE BONDS MAY NOT BE OFFERED TO THE PUBLIC IN ANY JURISDICTION IN
CIRCUMSTANCES WHICH WOULD REQUIRE THE ISSUER OF THE CONVERTIBLE BONDS TO
PREPARE OR REGISTER ANY PROSPECTUS OR OFFERING DOCUMENT RELATING TO THE
CONVERTIBLE BONDS IN SUCH JURISDICTION.
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES OF AMERICA,
ITS TERRITORIES AND POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN
ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF
COLUMBIA) (THE 'UNITED STATES'). THE OFFER REFERENCED HEREIN IS NOT BEING
MADE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, OR BY USE OF
THE MAILS, OR BY ANY MEANS OR INSTRUMENTALITY OF INTERSTATE OR FOREIGN
COMMERCE, OR OF ANY FACILITY OF A NATIONAL SECURITIES EXCHANGE, OF THE
UNITED STATES. THE OFFER CANNOT BE ACCEPTED BY ANY SUCH USE, MEANS,
INSTRUMENTALITY OR FACILITY OR FROM WITHIN THE UNITED STATES.
THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF
AN OFFER TO PURCHASE OR SUBSCRIBE ANY SECURITIES IN THE UNITED STATES. THE
SECURITIES REFERRED TO HEREIN (INCLUDING THE CONVERTIBLE BONDS AND THE
SHARES OF COMPANY) HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S.
SECURITIES ACT OF 1933, AS AMENDED (THE 'SECURITIES ACT') OR THE LAWS OF
ANY STATE WITHIN THE U.S., AND MAY NOT BE OFFERED OR SOLD IN THE UNITED
STATES OR, EXCEPT IN A TRANSACTION NOT SUBJECT TO, OR PURSUANT TO AN
APPLICABLE EXEMPTION FROM, THE REGISTRATION REQUIREMENTS OF THE SECURITIES
ACT OR ANY STATE SECURITIES LAWS. THIS ANNOUNCEMENT AND THE INFORMATION
CONTAINED HEREIN MAY NOT BE DISTRIBUTED OR SENT INTO THE UNITED STATES, OR
IN ANY OTHER JURISDICTION IN WHICH OFFERS OR SALES OF THE SECURITIES
DESCRIBED HEREIN WOULD BE PROHIBITED BY APPLICABLE LAWS AND SHOULD NOT BE
DISTRIBUTED TO UNITED STATES PERSONS OR PUBLICATIONS WITH A GENERAL
CIRCULATION IN THE UNITED STATES. NO OFFERING OF THE CONVERTIBLE BONDS IS
BEING MADE IN THE UNITED STATES.
IN THE UNITED KINGDOM, THIS ANNOUNCEMENT IS ONLY BEING DISTRIBUTED TO AND
IS ONLY DIRECTED AT (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS
RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(1) OF THE FINANCIAL
SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE
'ORDER') AND (II) HIGH NET WORTH ENTITIES FALLING WITHIN ARTICLE 49(2) OF
THE ORDER AND (III) PERSONS TO WHOM IT WOULD OTHERWISE BE LAWFUL TO
DISTRIBUTE IT (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT
PERSONS'). THE CONVERTIBLE BONDS ARE ONLY AVAILABLE TO, AND ANY INVITATION,
OFFER OR AGREEMENT TO SUBSCRIBE, PURCHASE OR OTHERWISE ACQUIRE SUCH
CONVERTIBLE BONDS WILL BE ENGAGED IN ONLY WITH, RELEVANT PERSONS. ANY
PERSON WHO IS NOT A RELEVANT PERSON SHOULD NOT ACT OR RELY ON THIS
ANNOUNCEMENT, OR ANY OF ITS CONTENTS.
THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION OR RELEASE IN OR INTO THE UNITED
STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. THIS ANNOUNCEMENT MUST
NEITHER BE SENT BY MAIL NOR BY ANY OTHER WAY TO CANADA, AUSTRALIA OR JAPAN.
THE CONVERTIBLE BONDS MUST NOT BE SOLD TO PERSONS IN CANADA, AUSTRALIA OR
JAPAN.
THE DISTRIBUTION OF THIS ANNOUNCEMENT MAY BE RESTRICTED BY LAW IN CERTAIN
JURISDICTIONS. ANY PERSONS READING THIS ANNOUNCEMENT SHOULD INFORM
THEMSELVES OF AND OBSERVE ANY SUCH RESTRICTIONS.
FROM THE ANNOUNCEMENT OF THE FINAL TERMS OF THE CONVERTIBLE BONDS, CREDIT
SUISSE SECURITIES (EUROPE) LIMITED MAY, TO THE EXTENT PERMITTED BY AND IN
ACCORDANCE WITH APPLICABLE LAWS AND DIRECTIVES, EFFECT TRANSACTIONS WITH A
VIEW TO SUPPORTING THE MARKET PRICE OF THE CONVERTIBLE BONDS AND THE SHARES
AT A LEVEL HIGHER THAN THAT WHICH MIGHT OTHERWISE PREVAIL. SUCH
STABILISATION, IF COMMENCED, MAY BE DISCONTINUED AT ANY TIME AND MUST BE
BROUGHT TO AN END NO LATER THAN THE EARLIER OF 30 DAYS AFTER THE SETTLEMENT
DATE OR 60 DAYS AFTER THE DATE OF ALLOTMENT OF THE CONVERTIBLE BONDS. IF
COMMENCED, SUCH STABILISATION MAY LEAD TO A MARKET PRICE OF THE CONVERTIBLE
BONDS OR THE SHARES WHICH MAY BE HIGHER THAN THE LEVEL THAT WOULD EXIST IF
NO SUCH STABILISATION MEASURES WERE TAKEN AND MAY INDICATE TO THE MARKET A
PRICE STABILITY WHICH WITHOUT SUCH STABILISING MIGHT NOT PREVAIL. HOWEVER,
THERE IS NO OBLIGATION ON CREDIT SUISSE SECURITIES (EUROPE) LIMITED TO
ENGAGE IN SUCH STABILISATION ACTIVITIES AND SUCH STABILISATION, IF
COMMENCED (WHICH MAY NOT OCCUR BEFORE THE FINAL TERMS OF THE BONDS HAVE
BEEN ANNOUNCED), MAY BE DISCONTINUED AT ANY TIME.

Contact:
Clemens Eisinger
Head of Corporate Finance & Investor Relations
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2315
Fax: +43 (0) 5 7111 - 8290

investor@immofinanz.com
www.immofinanz.com

Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay@accedogroup.com

End of Corporate News

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Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 Wien
Österreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor@immofinanz.com
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

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