Share Buyback Programmes for IMMOFINANZ Shares

Whilst taking into account the shares repurchased during the period from 14 March 2018 to 13 August 2019, we hold 11,208,526 treasury shares after the both share buyback programmes 1/2018 and 2018/2019 were terminated. That represents the legally defined upper limit of 10% of the total share capital. The number of shares excluding treasury shares totals 100.88 million shares. 


Share buyback programme 2018/2019

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.