IMMOFINANZ AG

IIA
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DGAP-Adhoc : IMMOFINANZ AG: Early Mandatory Conversion of the 4.00% Mandatory Convertible Notes

08/26/2021 | 12:49pm

DGAP-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Bond IMMOFINANZ AG: Early Mandatory Conversion of the 4.00% Mandatory Convertible Notes 26-Aug-2021 / 18:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ AG: Early Mandatory Conversion of the 4.00% Mandatory Convertible Notes The Executive Board of IMMOFINANZ AG has resolved today that the Company will exercise the right to Early Mandatory Conversion of the 4.00% Mandatory Convertible Notes due 2023 (ISIN: AT0000A2HPN2) in the aggregate principal amount of EUR 120 million in accordance with the Terms and Conditions of the Mandatory Convertible Notes as per Optional Mandatory Conversion Date 26 September 2021.

In the course of the Early Mandatory Conversion, approximately 6.9 million IMMOFINANZ-shares are to be delivered to the holders of the Mandatory Convertible Notes in accordance with the currently applicable Conversion Price of EUR 17.1472. The Scheduled Settlement Date is 05 October 2021. The shares shall be delivered from treasury shares held by IMMOFINANZ AG. Alternatively, the shares may also be issued from conditional capital. The company will provide further details on the Early Mandatory Conversion, in particular on the exact time of delivery of the IMMOFINANZ-shares.

The Early Mandatory Conversion became possible due to the good performance of the IMMOFINANZ-share. The condition precedent was that the share price on the Vienna Stock Exchange is equal to or exceeds 130% of the Reference Share Price (EUR 15.31) for a certain period of time. As a result of the Early Mandatory Conversion, the future coupon savings for the company amount to approximately EUR 8.6 million (calculated until the original maturity date of 2023).

Important notice:

This announcement is a mandatory announcement pursuant to Article 17 of the Market Abuse 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 buy or sell securities of IMMOFINANZ AG.

In certain jurisdictions the distribution of this announcement may be restricted by applicable law. Persons who receive this announcement shall inform themselves on such restrictions and comply with them.

Pursuant to Section 9 of the Austrian Publication Regulation 2018, this publication replaces the publication pursuant to Section 4 para 2 of the Austrian Publication Regulation. On IMMOFINANZ 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 the STOP SHOP (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. EUR 5.1 billion and covers more than 220 properties. IMMOFINANZ is listed on the stock exchanges in Vienna (leading ATX index) and Warsaw. Further information under http://www.immofinanz.com For additional information contact: Bettina Schragl Head of Corporate Communications and Investor Relations T +43 (0)1 88 090 2290 M +43 (0)699 1685 7290 communications@immofinanz.com investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria www.immofinanz.com

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26-Aug-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

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Language:     English 
Company:      IMMOFINANZ AG 
              Wienerbergstraße 9 
              1100 Vienna 
              Austria 
Phone:        +43 (0) 1 88090 - 2290 
Fax:          +43 (0) 1 88090 - 8290 
E-mail:       investor@immofinanz.com 
Internet:     http://www.immofinanz.com 
ISIN:         AT0000A21KS2 
WKN:          A2JN9W 
Listed:       Regulated Unofficial Market in Berlin, Frankfurt, Munich, Stuttgart; Warschau, Vienna Stock Exchange 
              (Official Market) 
EQS News ID:  1229270 
 
End of Announcement  DGAP News Service 
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1229270 26-Aug-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1229270&application_name=news

(END) Dow Jones Newswires

August 26, 2021 12:48 ET (16:48 GMT)

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