EQS-Adhoc: IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze-out of S IMMO AG

EQS-Adhoc: IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze-out of S IMMO AG

EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Squeeze Out/Investment
IMMOFINANZ AG: IMMOFINANZ starts preparations for a squeeze-out of S IMMO

24-May-2024 / 15:02 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.


Ad-hoc announcement 
Vienna, 24 May 2024


IMMOFINANZ starts preparations
for a squeeze-out of S IMMO AG


Today, the Supervisory Board of IMMOFINANZ AG (“IMMOFINANZ”) approved the
commencement of preparations for a squeeze-out of S IMMO AG (“S IMMO”) in
accordance with the Austrian Squeeze out Act
(Gesellschafter-Ausschlussgesetz). In the course of the squeeze-out,
shares in S IMMO (AT0000652250) held by minority shareholders shall be
transferred to IMMOFINANZ as main shareholder in exchange for appropriate
cash compensation.


Together with its parent company CPI Property Group S.A. (“CPIPG”),
IMMOFINANZ holds a stake of approximately 88.37% in the share capital of S
IMMO (taking into account the treasury shares of S IMMO of approximately
92.54%), meaning that IMMOFINANZ is classified as a main shareholder under
the Austrian Squeeze-out Act. The squeeze-out currently relates to
5,246,664 S IMMO shares, which corresponds to approximately 7.13% of the
share capital.


Following the completion of preparatory steps, and subject to further
legal, tax and financial review, IMMOFINANZ as main shareholder would
submit a request to S IMMO to initiate the procedure under the Austrian
Squeeze-out Act. The cash compensation for the acquisition of the S IMMO
shares will be determined based on a valuation report to be obtained. The
squeeze-out will then be submitted for approval at a shareholders’ meeting
of S IMMO.




IMMOFINANZ is 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 IMMOFINANZ relies on its established
real estate brands – STOP SHOP (retail), VIVO! (retail) and myhive
(office) – and also on complementary products and portfolios that include
S IMMO. IMMOFINANZ increased its investment in S IMMO to 50% plus one
share at the end of 2022 and now consolidates this company in full.
IMMOFINANZ Group holds more than 500 properties with a combined value of
approximately EUR 8.2 billion. IMMOFINANZ is listed on the stock exchanges
in Vienna (leading ATX index) and Warsaw. Further information under:
[1] https://www.immofinanz.com





This announcement is a mandatory announcement pursuant to Article 17 of
the Market Abuse Regulation (EU) No 596/2014 and has been made by
IMMOFINANZ AG (IMMOFINANZ) solely for the purpose of disclosing inside
information and in connection with a potential squeeze-out at S IMMO AG
(“S IMMO”). This announcement is for information purposes only and does
not constitute a solicitation or recommendation or an invitation to buy or
sell securities of IMMOFINANZ or S IMMO. Conditions and other provisions
relating to a squeeze-out will be contained in the documents to be
published by IMMOFINANZ and S IMMO by law. The content of these documents
is authoritative and IMMOFINANZ expressly recommends that these documents
be reviewed.


To the extent this announcement contains forward-looking statements
concerning IMMOFINANZ and/or S IMMO, such statements do not represent
facts and are characterized by the words such as “will”, “expect”,
“believe”, “estimate”, “intend”, “aim”, “assume” or similar expressions.
Such statements express intentions, opinions or current expectations and
assumptions of IMMOFINANZ. These forward-looking statements are based on
current plans, estimates and forecasts, but do not claim to be correct in
the future. Forward-looking statements are subject to risks and
uncertainties that are difficult to predict and usually cannot be
influenced by IMMOFINANZ. It should be kept in mind that the actual events
or consequences may differ materially from those contained in or expressed
by such forward-looking statements.



For additional information contact:

Simone Korbelius
Investor Relations and Corporate Communications
T +43 (0)1 88 090 2291
M +43 (0)699 1685 7291
[3]investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria

End of Inside Information


24-May-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com


Language: English
Wienerbergstraße 9
1100 Vienna
Phone: +43 (0) 1 88090 – 2291
Fax: +43 1 88090 – 8291
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1910913

End of Announcement EQS News Service

1910913  24-May-2024 CET/CEST


Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=80e0770945341ce94336a25dcef56fde&application_id=1910913&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. communications@immofinanz.com
3. investor@immofinanz.com

© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender