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UBM Development AG — M&A Activity 2014
Dec 1, 2014
763_iss_2014-12-01_64f5dce0-ef39-42ef-b3db-56a64be3d683.pdf
M&A Activity
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Adhoc service of the pressetext news agency Josefstädter Straße 44, 1080 Vienna, Austria, phone: +43 1 81140-0
publication: 01.12.2014 17:45 source: http://adhoc.pressetext.com/news/1417452300498 keywords: UBM / Economy / Stock Exchange
Adhoc announcement according to article 48d section 1 BörseG
UBM Realitätenentwicklung AG: Merger of PIAG Immobilien AG and UBM Realitätenentwicklung Aktiengesellschaft
Vienna (pta024/01.12.2014/17:45) - -
* Merger planned for the first quarter of 2015
* Extra-ordinary general meetings to take place on January 14/15, 2015
* Exchange ratio planned to be at about 37 UBM shares for every 100 PIAG shares held
As already announced, PIAG Immobilien AG ("PIAG") as transferring company and UBM Realitätenentwicklung Aktiengesellschaft ("UBM") as absorbing company plan to merge in the first quarter of 2015. The boards of the companies plan to call an extraordinary general meeting of PIAG on January 14, 2015 and an extra-ordinary general meeting of UBM on January 15, 2015 to resolve on the merger.
Subject to approval by the respective supervisory board and general meeting, the exchange ratio is planned to be about 37 UBM shares for every 100 PIAG shares held, i.e., shareholders holding PIAG shares receive on the effective date of the merger (registration of the merger with the Austrian register of companies) about 37 UBM shares (ISIN AT0000815402) ("UBM-shares") for every 100 PIAG shares held (ISIN AT0000A1A5K1).
Shareholders of PIAG will receive UBM shares, which already carry full dividend entitlement for the fiscal year 2014.
Publication of the draft merger agreement, the joint report of the managing boards of PIAG and UBM on the merger as well as the other legally required documents is expected to occur on December 12, 2014.
Questions: Heribert Smolé, CFO UBM Realitätenentwicklung Aktiengesellschaft Tel.: +43 (0)50 626-1488
| emitter: | UBM Realitätenentwicklung AG Floridsdorfer Hauptstraße 1 1210 Wien Austria |
|---|---|
| contact person: | Dir. Prok. Rolf Petersen |
| phone: | +43 50-626-1199 |
| e-mail: | [email protected] |
| website: | www.ubm.at |
| ISIN(s): | AT0000815402 (share), AT0000A0G231 (bond), AT0000A0QR71 (bond), AT0000A185Y1 (bond) |
| stock exchanges: | official trade in Vienna; entry standard in Frankfurt |
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