PTA-Adhoc: conwert Immobilien Invest SE: Vonovia submits request to squeeze-out minority shareholders purs. to Sec. 1 para. 1 Squeeze-out Act

Friday, 28. April 2017 13:47

Public disclosure of inside information according to article 17 MAR

Vienna (pta028/28.04.2017/13:47) - Vonovia SE ("Vonovia") has submitted a request pursuant to Section 1 para 1 of the Austrian Squeeze-Out Act ("GesAusG") to conwert Immobilien Invest SE ("conwert") that a shareholders' meeting of conwert resolves on the transfer of shares of the minority shareholders to Vonovia against payment of an adequate cash compensation in the course of a shareholders' meeting of conwert which remains to be convoked.

Following the closing of the successful takeover offer and the closing of the transfers of the shares that have been tendered in the extended offer period, Vonovia, in total, holds 94,867,722 shares in conwert; this corresponds to a participation of 93.09 % of conwert's share capital. Therefore, Vonovia is the principal shareholder of conwert within the meaning of Section 1 GesAusG.

Further details on the amount of the adequate cash compensation will be published separately once the required valuation has been finalised.

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This release contains forward-looking 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 realized at a later date, may differ from the forecasts presented here for a variety of reasons.

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emitter: conwert Immobilien Invest SE
address: Alserbachstraße 32, 1090 Vienna
country: Austria
contact person: 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/20170428028 ]

Related Links: conwert Immobilien Invest SE
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