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CPI Europe AG — Capital/Financing Update 2021
Aug 26, 2021
746_iss_2021-08-26_1e27823d-9bed-4701-90cc-f5d061a63435.pdf
Capital/Financing Update
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26-Aug-2021 / 18:48 CET/CEST Disclosure of an inside information acc. toArticle 17 MARof the Regulation (EU) No 596/2014, transmitted byDGAP- a service of EQS GroupAG. The issuer is solelyresponsible for the content of this announcement.
IMMOFINANZAG:EarlyMandatoryConversionof the 4.00%MandatoryConvertible Notes
The Executive Board of IMMOFINANZAGhas resolved todaythat the Companywill exercise the right to EarlyMandatoryConversion of the 4.00%MandatoryConvertible Notes due 2023 (ISIN:AT0000A2HPN2) in the aggregate principal amount of EUR120 million in accordance with the Terms and Conditions of the MandatoryConvertible Notes as per Optional MandatoryConversion Date 26 September 2021.
In the course of the EarlyMandatoryConversion, approximately6.9 million IMMOFINANZ-shares are to be delivered to the holders of the MandatoryConvertible Notes in accordance with the currentlyapplicable Conversion Price of EUR17.1472. The Scheduled Settlement Date is 05 October 2021. The shares shall be delivered from treasuryshares held byIMMOFINANZAG.Alternatively, the shares mayalso be issued from conditional capital. The companywill provide further details on the EarlyMandatoryConversion, in particular on the exact time of deliveryof the IMMOFINANZ-shares.
The EarlyMandatoryConversion became possible due to the good performance of the IMMOFINANZ-share. The condition precedentwas that the share price on the Vienna Stock Exchange is equal to or exceeds 130%of the Reference Share Price (EUR15.31) for a certain period of time.As a result of the EarlyMandatoryConversion, the future coupon savings for the companyamount to approximatelyEUR8.6 million (calculated until the original maturitydate of 2023).
Important notice:
This announcement is a mandatoryannouncement pursuant toArticle 17 of the MarketAbuse Regulation (EU) No 596/2014. It constitutes neither a financial analysis nor advice or recommendation relating to financial instruments, nor an offer, solicitation or invitation to buyor sell securities of IMMOFINANZAG.
In certain jurisdictions the distribution of this announcement maybe restricted byapplicable law. Persons who receive this announcement shall inform themselves on such restrictions and complywith them.
Pursuant to Section 9 of theAustrian Publication Regulation 2018, this publication replaces the publication pursuant to Section 4 para 2 of theAustrian Publication Regulation.
On IMMOFINANZ
IMMOFINANZis a commercial real estate group whose activities are focused on the office and retail segments of eight core markets in Europe: Austria,Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and the Adriatic region. The core business covers the management and development of properties,whereby the STOPSHOP(retail), VIVO! (retail) and myhive (office) brands represent strong focal points that stand for quality and service. The real estate portfolio has a value of approx. EUR5.1 billion and covers more than 220 properties. IMMOFINANZis listed on the stock exchanges in Vienna (leading ATXindex) and Warsaw. Further information under http://www.immofinanz.com
For additional informationcontact:
Bettina Schragl Head of Corporate Communications and Investor Relations T+43 (0)1 88 090 2290 M+43 (0)699 1685 7290 [email protected] [email protected]
1100 Vienna, Wienerbergstraße 9,Austria www.immofinanz.com
26-Aug-2021 CET/CESTThe DGAPDistribution Services include RegulatoryAnnouncements, Financial/Corporate News and Press Releases. Archive atwww.dgap.de
| Language: Company: |
English IMMOFINANZAG Wienerbergstraße 9 1100 Vienna Austria |
|---|---|
| Phone: | +43 (0) 1 88090 - 2290 |
| Fax: | +43 (0) 1 88090 - 8290 |
| E-mail: | [email protected] |
| Internet: | http://www.immofinanz.com |
| ISIN: | AT0000A21KS2 |
| WKN: | A2JN9W |
| Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Vienna Stock Exchange (Official Market) |
| EQSNews ID: | 1229270 |
End ofAnnouncement DGAPNews Service