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.
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.
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.