DGAP-News: IMMOFINANZ share soon to be listed in Warsaw
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate
IMMOFINANZ share soon to be listed in Warsaw
29.04.2013 / 13:14
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Press Release | Corporate News
Vienna, 29 April 2013
IMMOFINANZ share soon to be listed in Warsaw
The IMMOFINANZ share will in all probability be listed in the Main Market
of the Warsaw Stock Exchange starting on 7 May 2013. This step represents a
so-called 'technical double listing' that covers all issued shares.
IMMOFINANZ will then be traded on the two most important stock exchanges in
the CEE region - Vienna and Warsaw. The listing will not involve the issue
of any new shares.
'With this step, we are expanding the circle of potential investors. We are
now on the radar screen of new large investors, and major institutional
investors will have an additional opportunity to increase their holdings in
IMMOFINANZ. For example, Polish pension funds may not invest more than five
per cent of their managed assets in securities that are listed exclusively
in foreign countries. The planned Warsaw listing will remove this
restriction for our company', explained Eduard Zehetner, CEO of IMMOFINANZ
Group. 'It should also lead to an increase in the liquidity of our share.'
Based on the last data survey in June 2012, Polish institutional investors
hold approx. three per cent of this real estate company.
The initial public offering of IMMOFINANZ on the Vienna Stock Exchange took
place in 1996, and the company's shares have been listed in the leading ATX
index since March 2011. In March 2012 IMMOFINANZ became the first publicly
traded real estate company to join the ATX five, which covers the five ATX
companies with the highest weighting, and has also been included in the
FTSE EPRA/NAREIT Emerging Europe Index since that time.
IMMOFINANZ AG has issued approx. 1.129 billion zero par value voting shares
and currently has a market capitalisation of approx. EUR 3.57 billion
(based on a share price of EUR 3.132 on April 26th, 2013). The largest
investors with stakes of over five per cent are the Fries Group and
JPMorgan, the remainder of the shares represents free float. Austrian
private investors hold approx. 41% of the shares, institutional
shareholders approx. 48%. Most of the institutional investors are located
in Austria (15.16%), followed by North America (7.94%), Great Britain
(4.07%), the Netherlands (3.80%) and Poland (2.67%).
On IMMOFINANZ Group
IMMOFINANZ Group is one of the leading listed property companies in Europe
and is included in the leading ATX index of the Vienna Stock Exchange.
Since its founding in 1990, the company has compiled a high-quality
property portfolio that now comprises more than 1,810 investment properties
with a carrying amount of approx. EUR 10.49 billion. As a 'real estate
machine' the company concentrates on linking its three core business areas:
the development of sustainable, specially designed prime properties in
premium locations, the professional management of these properties and
cycle-optimised sales. IMMOFINANZ Group concentrates its activities in the
retail, office, logistics and residential segments of eight regional core
markets: Austria, Germany, Czech Republic, Slovakia, Hungary, Romania,
Poland and Russia. Further information under: http://www.immofinanz.com|
http://blog.immofinanz.com | http://properties.immofinanz.com
For additional information please contact:
MEDIA INQUIRIES
Bettina Schragl
Head of Corporate Communications | Press Spokesperson
IMMOFINANZ Group
T +43 (0)1 88 090 2290
M +43(0)699 1685 7290
communications(at)immofinanz.com
INVESTOR RELATIONS
Stefan Schönauer
Head of Corporate Finance&Investor Relations
IMMOFINANZ Group
T +43 (0)1 88 090 2312
M +43 (0)699 1685 7312
investor(at)immofinanz.com
End of Corporate News
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29.04.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 11
1100 Wien
Austria
Phone: +43 (0) 1 88090 - 2291
Fax: +43 (0) 1 88090 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Frankfurt in
Open Market ; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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208924 29.04.2013
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Datum: 29.04.2013 - 13:14 Uhr
Sprache: Deutsch
News-ID 253724
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