DGAP-News: IMMOFINANZ AG: Court-appointed expert confirms: no share price manipulation at IMMOEAST
(firmenpresse) - IMMOFINANZ AG / Miscellaneous
06.07.2010 10:48
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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In proceedings before the Vienna Commercial Court an investor claimed that
the price of IMMOEAST shares had been manipulated through the trading
activities of former Constantia Privatbank AG (now Aviso Zeta Bank AG) in
2007 and had therefore been inflated. Court-appointed expert Dr. Christian
Imo (former management board member of the Vienna Stock Exchange) denied
the existence of any influence on share price. In a professional opinion
presented to the parties he stated verbatim: 'The present investigation
showed that there was no sufficiently probable evidence that the
defendant's trading activities sustainably influenced or changed the
pricing of IMMOEAST shares during the period in question'.
'Thus one central point of argumentation on the part of the investor claims
concerning IMMOEAST as well as IMMOFINANZ shares has been deprived of any
basis', says attorney Dr. Andreas Zahradnik of the Vienna law firm DORDA
BRUGGER JORDIS, which represents IMMOFINANZ Group. This professional
opinion is also relevant for any other pending proceedings which IMMOFINANZ
and IMMOEAST investors have attempted. The opinion indicates share price
performance in conformity with the market for the period in
question.
Contact:
Head of Investor Relations&Corporate Communications:
Margit Hermentin
IMMOFINANZ AG
T +43 (0)5 7111-2290
m.hermentin(at)immofinanz.com
www.immofinanz.com
Press Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
T +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
06.07.2010 10:48 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 WienÖsterreich
Phone: +43 (0) 5 7111 - 2290
Fax: +43 (0) 5 7111 - 8290
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Foreign Exchange(s) Wien (Amtlicher Handel /
Official Market)
End of News DGAP News-Service
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Datum: 06.07.2010 - 10:48 Uhr
Sprache: Deutsch
News-ID 23502
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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