PTA-Adhoc: conwert Immobilien Invest SE: Shareholders decline Deutsche Wohnen offer
mandate to increase profitability and shareholder value

Wednesday, 15. April 2015 21:20

Adhoc announcement according to article 48d section 1 BörseG

Vienna (pta025/15.04.2015/21:20) - conwert Immobilien Invest SE, traded on the Austrian ATX, announces that the majority of shareholders have not accepted the offer made by Deutsche Wohnen AG ("Deutsche Wohnen") for EUR11.50 per share, even though Deutsche Wohnen had managed to secure acceptance pledges for major share packages should the offer have succeeded. The shareholder structure therefore remains unchanged at present.

Management sees the rejection of the offer as a mandate from shareholders to continue to improve profitability and, as announced, to review the financing structure in order to start a significant reduction in interest costs. conwert sees the high quality property portfolio and qualified, dedicated staff as an important building block for the strategy to increase shareholder value.

Nevertheless, management anticipates a further consolidation in the property sector in Germany and Austria. The Administrative Board and Executive Directors will strive to achieve the best-possible results for shareholders in the course of this consolidation process.

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This report contains forward-looking estimates and statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and. consequently, the actual results realised at a later date may differ from the forecasts presented in this report for a variety of reasons.

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emitter: conwert Immobilien Invest SE
address: Alserbachstraße 32, 1090 Wien
country: Austria
contact person: Dr. Clemens Billek
phone: +43 1 52145-700
e-mail: cwi@conwert.at
website: www.conwert.at

ISIN(s): AT0000697750 (share)
stock exchanges: official trade in Vienna

[ source: http://www.pressetext.com/news/20150415025 ]

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