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IMMOFINANZ announces details of the previously approved reverse stock split

(15.06.2018) The annual general meeting of IMMOFINANZ AG (ISIN AT0000809058 before the reverse stock split) on 11 May 2018 approved the reclassification of share capital through a reverse stock split at a ratio of 10:1 (ten shares to one share), which means ten existing shares will be combined into a single share. This 10:1 reverse stock split will reduce the number of share from the previous level of 1,120,852,699 to 112,085,269.

The commercial court in Vienna is expected to record the resolution approving the reverse stock split in the company register on Saturday, 23 June 2018, which means the resolution will take effect on that date. The share capital of IMMOFINANZ AG will then be classified into 112,085,269 bearer shares.

In connection with the reverse stock split, the shares of IMMOFINANZ AG will be assigned a new International Securities Identification Number, ISIN AT0000A21KS2, to replace the previous ISIN AT0000809058. The ISIN in shareholders‘ depositories will be converted automatically; no actions on the part of shareholders are required. The recording of the combined shares with the new ISIN AT0000A21KS2 in exchange for derecognition of the shares with ISIN AT0000809058 is expected to take place from a technical standpoint on Wednesday, 27 June 2018. The total value of the shares in the depository will remain unchanged following the reverse stock split.

The conversion of the listing on the Vienna Stock Exchange will take place before the combined shares are recorded, presumably on Monday, 25 June 2018 (the start of trading with the new ISIN). The listing on the Warsaw Stock Exchange will presumably be converted on Thursday, 28 June 2018 – and trading in IMMOFINANZ shares on the Warsaw Stock Exchange will be suspended from 22 June 2018 to 27 June 2018 (including both dates). On the Vienna Stock Exchange, IMMOFINANZ shares will be available for trading on all trading days. However, it is noted that – depending on the date on which the combined shares are recorded by the respective shareholder’s depository bank – the sale of IMMOFINANZ shares on 25 and 26 June 2018 may not be possible; share purchases are not involved.

The last trading day for the old ISIN AT0000809058 will be Friday, 22 June 2018, on the Vienna Stock Exchange and Thursday, 21 June 2018, on the Warsaw Stock Exchange. Fractions of less than one share will be aggregated and sold over the stock exchange, and the proceeds will be credited to the respective shareholders in cash, presumably at the beginning or middle of July.

The company has asked the depository banks to carry out the reverse stock split free of charge for shareholders. Erste Group Bank AG, Vienna, will serve as the tender and paying agent.

The conversion rights of the 2.00% convertible bond issued by IMMOFINANZ AG, which is due in 2024, (ISIN XS1551932046) will also be adjusted to reflect the reverse stock split ratio. A separate announcement will be issued in this connection.

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