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Treasury shares
Share Buyback Programmes
Share buyback programmes have always been part of IMMOFINANZ’s distribution policy – depending on the market environment and liquidity. Here you can find an overview of our current and past programmes for the repurchase or sale of treasury shares.
IMMOFINANZ has carried out another share buyback. In accordance with resolutions of the Executive Board and Supervisory Board, a share buyback programme for treasury shares ("Share Buyback Programme 2022") was carried out on the basis of the authorisation by the 27th Annual General Meeting on 1 October 2020 (renewed by the authorisation of the 29th Annual General Meeting on 12 July 2022), pursuant to section 65 (1) 8 of the Austrian Stock Corporation Act.
Share purchases under the Share Buyback Programme 2022 were made by IMMOFINANZ AG. The share buyback programme 2022 expired on 31 July 2022. Between 20 June 2022 and 29 July 2022, a total of 694,557 shares were repurchased on the stock exchange at a weighted average price of EUR 14.58 per share.
For the conditions of the 2022 share buyback programme, see the following announcements:
Share buyback programme 2018/2019
IMMOFINANZ AG has executed a further share buyback programme. On 2 July 2018, the Executive Board and Supervisory Board of IMMOFINANZ AG approved a share buyback programme (share buyback programme 2018/2019), based on the authorisation of the 25th annual general meeting on 11 May 2018 (renewed by the authorisation of the 26th annual general meeting on 22 May 2019), persuant to § 65 (1) No. 8 of the Austrian Stock Corporation Act.
The purchase of shares within the context of the share buyback programme 2018/2019 was carried out by IMMOFINANZ AG. The maximum amount of 9,708,526 IMMOFINANZ shares was reached on 13 August 2019 and the share buyback programme 2018/2019 therefore completed ahead of time. The repurchase was made over the stock exchange at a weighted average price of EUR 22.54 per share.
Share buyback programme 1/2018
IMMOFINANZ AG has executes a further share buyback programme. On 8 March 2018 the Management and Supervisory Board resolved on the basis of the authorisation granted by the 24th ordinary shareholders’ meeting dated 1 June 2017 pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act to execute a share buyback programme (“share buyback programme 1/2018”).
Repurchases of shares in the course of the share buyback programme 1/2018 were carried out by IMMOFINANZ AG or one of its subsidiaries. A total of 15 million IMMOFINANZ shares were repurchased over the stock exchange on or before 15th of June. The weighted average price was EUR 2.105 per repurchased share. After the reverse stock split at a ratio of 10:1 at the end of June the 15 million treasury shares now correspond to 1.5 million shares.
Share buyback programme 1/2017
IMMOFINANZ AG has executed a further share buyback programme. On 14 March 2017 the management board and the supervisory board resolved on the basis of the authorisation granted by the 23rd ordinary shareholders’ meeting dated 29 September 2016 pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act to execute a share buyback programme (“share buyback programme 1/2017”).
Repurchases of shares in the course of the share buyback programme 1/2017 were carried out by IMMOFINANZ AG or one of its subsidiaries. A total of 20 million IMMOFINANZ shares were repurchased over the stock exchange on or before 7th of September 2017. The weighted average price was EUR 2.012 per repurchased share.
Share buyback programme 1/2016
IMMOFINANZ started a share buyback programme on 8 February 2016 in accordance with § 65 (1) no. 8 of the Austrian Stock Corporation Act. The basis for the share buyback programme 1/2016 was a resolution passed by the 22nd annual general meeting on 1 December 2015. A total of 10 million IMMOFINANZ shares were repurchased over the stock exchange on or before 16th of March 2016. The weighted average price was EUR 1.82 per repurchased share.
Share buyback programme 2015
On 13 March 2015, IMMOFINANZ AG approved a further share buyback programme with a volume of 30 million shares. It is based on the authorisation of the Executive Board by the annual general meeting of IMMOFINANZ AG on 30 September 2014 in accordance with § 65 (1) no. 8 of the Austrian Stock Corporation Act. After the withdrawal of 44,534,312 treasury shares, 30 million shares were repurchased for a weighted average price of EUR 2.63 per share from 1 April to 17 June 2015.
Share buyback programme 2014-2015
The executive board and the supervisory board of IMMOFINANZ AG have resolved today to carry out a share repurchase programme based on the authorisation by the 21st ordinary shareholders’ meeting of 30 September 2014 pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act after the redemption of 11,224,687 treasury shares of the Company. Purchases of shares in the course of the share repurchase programme 2014-15 will be carried out by IMBEA IMMOEAST Beteiligungsverwaltung GmbH, a 100% subsidiary of IMMOFINANZ AG. A total of 10,167,053 IMMOFINANZ shares were repurchased on or before 6th of March 2015. The average price was EUR 2.26 per repurchased share.
Share buyback programme 2012-2013
In agreement with the Supervisory Board, the Executive Board of IMMOFINANZ AG carried out a share buyback programme from 1 October 2012 to 25 February 2013. This programme led to the repurchase of 20 million IMMOFINANZ shares (ISIN AT0000809058) for a total price of approx. EUR 62.4 million including fees. These shares represented a proportional amount of approx. EUR 20.8 million, or 1.77%, in share capital as of 30 April 2013.
Share buyback programme 2010-2011
On 08/11/2010 the Executive Board of IMMOFINANZ AG decided to make use of an authorisation provided by the 17th annual general meeting on 28/09/2010 in accordance with § 65 (1) no. 8 of the Austrian Stock Corporation Act and announced a share buyback programme. A total of 47,350,248 IMMOFINANZ shares were repurchased for EUR 145.8 million on or before 18/03/2011. The average price was EUR 3.0782 per repurchased share.
Disposal of treasury shares September/October 2021
As announced in the ad hoc announcement of 26 August 2021, the Executive Board of IMMOFINANZ AG has resolved to 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.
On 5 October 2021, 6,997,200 treasury shares were issued to the holders of the mandatory convertible bonds due 2023 as a result of an early mandatory conversion by IMMOFINANZ AG.
IMMOFINANZ thus holds 1,028 treasury shares as of 5 October 2021. This corresponds to a proportion rounded down to approximately 0.00% of the total number of issued IMMOFINANZ shares of 123,293,795 shares.
Sale of treasury shares July 2020
As announced in the ad-hoc announcement dated 09 July 2020, the Company placed 4,210,298 treasury shares, corresponding to approx. 3.76% of the current share capital of the Company, by way of an accelerated bookbuilding procedure under exclusion of subscription rights with institutional investors. The selling price per share amounts to EUR 15.31.
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