NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN
IMMOFINANZ AG announces successful completion of the disposal of 4.5 million BUWOG shares through an accelerated bookbuilding
IMMOFINANZ AG (“IMMOFINANZ”) announces the successful placement of approx. 4.5 million ordinary shares (the “Placing Shares”) in BUWOG AG (the “Company”). The Placing Shares represent approximately 4.5% of the Company’s issued share capital. The transaction generated total net proceeds to IMMOFINANZ of approximately Euro 97.4 million. The transaction is expected to settle on 6 February, 2017.
Following settlement of the transaction, IMMOFINANZ will hold approximately 4.7 million ordinary shares in the Company which serve as underlying for the convertible bonds 2017 and 2018.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan or in any jurisdiction to whom or in which such offer or solicitation is unlawful. This release is not an offer of securities for sale in the United States of America. Any securities referred to herein will not be and have not been registered under U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States of America absent registration or an applicable exemption from registration under the Securities Act. There will be no public offer of the securities in the United States of America. The securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.