DGAP-News: IMMOFINANZ AG: Share Repurchase Program 2010-2011 successfully completed
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Miscellaneous
IMMOFINANZ AG: Share Repurchase Program 2010-2011 successfully
completed
21.03.2011 / 19:55
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IMMOFINANZ AG: Share Repurchase Program 2010-2011 successfully completed.
IMMOFINANZ AG successfully completed the Share Repurchase Program
2010-2011. The repurchases were carried out via the stock exchange between
15 November 2010 and 18 March 2011.
The Share Repurchase Program 2010-2011 which was initially intended to last
until 12 April 2011, was finalised ahead of time on 18 March 2011, as the
intended repurchase volume has been achieved.
In total 47,350,248 IMMOFINANZ-shares have been purchased by IMMOFINANZ AG
for a total consideration of EUR 145,755,598.48. The average consideration
per share amounts to EUR 3.0782. The highest and lowest consideration paid
per share in the course of the repurchase program is EUR 3.322 and EUR
2.687, respectively.
Together with the treasury shares already held before the share repurchase
program IMMOFINANZ Group holds 104,421,677 treasury shares as of 18 March
2011 representing 9.99 % of the share capital of IMMOFINANZ AG.
Details on the share repurchase program are available under:
http://www.immofinanz.com/en/investor-relations/share-buyback-program/.
'We are delighted about the successful completion of the share repurchase
program. The program results in shareholder value increase as the average
repurchase price is significantly below the asset value represented by an
IMMOFINANZ share. Further, the treasury shares are deployed as underlying
for the convertible bonds 2018, for which a conversion price of EUR 4.12
has been determined, which is significantly above the average share
repurchase price.' comments Eduard Zehetner, CEO of IMMOFINANZ AG on the
transaction.
IMMOFINANZ AG
Vienna, 21 March 2011
Contact:
Clemens Eisinger
Head of Corporate Finance&Investor Relations
IMMOFINANZ AG
A-1120 Vienna, Gaudenzdorfer Gürtel 67
Tel.: +43 (0) 5 7111 - 2315
Fax: +43 (0) 5 7111 - 8315
investor(at)immofinanz.com
www.immofinanz.com
Press-Coordination:
Hieronymus Tupay
ACCEDO Austria GmbH
Tel.: +43 1 533 87 00 - 23
Hieronymus.Tupay(at)accedogroup.com
End of Corporate News
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Language: English
Company: IMMOFINANZ AG
Gaudenzdorfer Gürtel 67
A-1120 WienÖsterreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
E-mail: investor(at)immofinanz.com
Internet: http://www.immofinanz.comISIN: AT0000809058
WKN: 911064
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market in
Frankfurt; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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116334 21.03.2011
Datum: 21.03.2011 - 19:55 Uhr
Sprache: Deutsch
News-ID 33525
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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