CPI Europe AG — M&A Activity 2015

Apr 16, 2015

News Details

Ad-hoc | 16 April 2015 20:39

IMMOFINANZ AG: The management board will not propose a resolution on the partial offer for CA Immobilien Anlagen AG in the extraordinary shareholders’ meeting

IMMOFINANZ AG / Key word(s): Real Estate/AGM/EGM

16.04.2015 20:39

Dissemination of an Ad hoc announcement, transmitted by DGAP - a service of
EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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With ad-hoc announcement of 23 March 2015 IMMOFINANZ AG announced a
voluntary partial public offer (section 4 et. seq. Austrian Takeover Act)
for up to 29% of the share capital of CA Immobilien Anlagen AG. The
management board has resolved today not to propose a resolution in
tomorrow's extraordinary shareholders' meeting for the authorisation of the
partial offer. Thus the partial offer for shares in CA Immobilien Anlagen
AG will not be executed.

The reason for the decision is that the ordinary shareholders' meeting of
CA Immobilien Anlagen AG on 28 April 2015 will - as proposed by O1 Group
Limited - resolve upon amendments to the articles of association in order
to increase the required majority for the dismissal of supervisory board
members from single majority to 75% majority. Because of the 26%
shareholding of O1 Group Limited it has to be assumed that the resolution
to amend the articles of association will be passed. After that O1 Group
Limited will be in the position to block resolutions to dismiss supervisory
board members.

Against this background a partial offer for shares in CA Immobilien Anlagen
AG is no longer deemed reasonable because an adequate influence of
IMMOFINANZ on the supervisory board will not be possible due to the
increase of the quorum to a 75% majority.

On IMMOFINANZ Group
IMMOFINANZ Group is the leading listed commercial real estate investor and
developer in Central and Eastern Europe. The company is included in the
leading ATX index of the Vienna Stock Exchange and also trades on the
Warsaw Stock Exchange. Since its founding in 1990, the company has compiled
a high-quality property portfolio that now comprises more than 470
investment properties with a carrying amount of approx. EUR 6.8 billion. As
a "real estate machine" the company concentrates on linking its three core
business areas: the development of sustainable, specially designed prime
properties in premium locations, the professional management of these
properties and cycle-optimised sales. IMMOFINANZ Group concentrates its
activities in the retail, office and logistics segments of eight regional
core markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania,
Poland and Russia. Further information under: http://www.immofinanz.com /
http://blog.immofinanz.com / http://properties.immofinanz.com

For additional information please contact:

MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
communications@immofinanz.com

INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance & Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor@immofinanz.com

16.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Regulated Unofficial Market in Berlin, Munich, Stuttgart;
Open Market in Frankfurt ; Wien (Amtlicher Handel / Official
Market)

End of Announcement DGAP News-Service

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