For about 10 months the IMMOFINANZ share has also been listed on the Warsaw Stock Exchange – and so far our expectations that this second listing would result in greater demand on the part of Polish investment funds has been confirmed. This is shown by our latest shareholder ID, with whose assistance we regularly determine the composition and origin of our shareholders. For instance, Polish pension funds are permitted to invest a maximum of five percent of their managed assets in securities that are solely listed abroad. With our listing this restriction was successfully eliminated for an investment in IMMOFINANZ.As of January 2014 Polish investors have held a stake of about 5.2% in IMMOFINANZ (putting them at about the same level as institutional investors from the UK). This is a nice increase compared to the 0.7% in July 2013 (the date of our last shareholder ID). Since then two Polish pension funds have been among the five biggest investors in IMMOFINANZ.
We are confident that the demand of Polish institutional investors will continue. Our IMMOFINANZ roadshow, at which we are now explaining the reasons for the spin-off planned for the majority of BUWOG, is naturally taking us Warsaw as well. And – as already communicated – BUWOG shares will not only be listed in Frankfurt (main listing) and Vienna, but also on the Warsaw Stock Exchange.
You can find the current roadshow presentation under the following link:
http://www.immofinanz.com/en/investor-relations/presentations/