Ad-hoc Announcements

IMMOFINANZ AG resolves share buyback programme 1/2018

IMMOFINANZ AG plans to execute a further share buyback programme. On 08 March 2018 the management board and the supervisory board resolved on the basis of the authorisation granted by the 24th ordinary shareholders’ meeting dated 01 June 2017 pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act to execute a share buyback programme (“share buyback programme 1/2018”).

Repurchases of shares in the course of the share buyback programme 1/2018 will be carried out by IMMOFINANZ AG or one of its subsidiaries. The volume amounts up to a maximum of 15 million shares. The repurchase is expected to start at the earliest on 14 March 2018 (see below for the conditions of the programme).

Details on the share buyback programme 1/2018 will be available under

Conditions of the share buyback programme 1/2018:

Date of the authorisation by the shareholders‘ meeting pursuant to section 65 para 1 no 8 Austrian Stock Corporation Act:
01 June 2017

Date and publication of the authorisation:
01 June 2017 via the information distribution system pursuant to section 118 para 1 no 9 in connection with sections 1 no 22 and 119 para 9 Austrian Stock Exchange Act 2018 in connection with section 11 Austrian Publication and Reporting Regulation (now section 2 Austrian Distribution and Reporting Regulation 2018)

Commencement and anticipated duration:
Expected 14 March 2018 at the earliest until 31 December 2018

Class of Shares:
Bearer shares (ISIN AT0000809058)

Intended Volume:
Up to 15,000,000 shares, corresponding to approx. 1.34% of the current nominal share capital of the Company.

Purchase Price:
Maximum consideration per share (highest price), both:
(i) 15% above the average of the volume weighted daily closing prices of the previous ten trading days of the shares on the Vienna Stock Exchange; and
(ii) EUR 2.81.
Minimum consideration per share: EUR 1.00 (represented pro-rata amount of the share capital)
Form of repurchase:
Purchase via the stock exchange

Purpose of the repurchase:
Deployment of the treasury shares for legitimate purposes permitted by law and purposes in accordance with the authorisation of the shareholders’ meeting dated 01 June 2017

Consequences for the admission of IMMOFINANZ shares to stock exchanges:

The repurchase is lead-managed by a credit institution which makes its decision on the time of acquisition independently from the Company and which has to comply with the conditions for trading as defined in article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 08 March 2016.

Disclosure according to section 5 para 4 Austrian Publication Regulation 2018: The details to be published pursuant to section 7 Austrian Publication Regulation 2018 regarding the transactions carried out in the course of this share buyback programme as well as amendments of the share buyback programme (as the case may be) to be published pursuant to section 6 Austrian Publication Regulation 2018, will be published on the website of IMMOFINANZ AG (

This announcement replaces in accordance with section 9 Austrian Publication Regulation 2018 the announcement pursuant to section 4 para 2 Austrian Publication Regulation 2018.

This announcement does not constitute a public offer to acquire IMMOFINANZ shares and does neither obligate the Company nor one of its subsidiaries to accept offers to purchase IMMOFINANZ shares.