DGAP-News: IMMOFINANZ AG: Delivery of Shares of IMMOFINANZ AG for converted Convertible Bonds 2009-2011
(firmenpresse) - DGAP-News: IMMOFINANZ AG / Key word(s): Bond/Miscellaneous
IMMOFINANZ AG: Delivery of Shares of IMMOFINANZ AG for converted
Convertible Bonds 2009-2011
21.04.2011 / 20:08
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IMMOFINANZ AG: Delivery of Shares of IMMOFINANZ AG for converted
Convertible Bonds 2009-2011
The conversion period of the 7.00% Convertible Bonds 2009-2011 (ISIN
XS0592528870) ('CB 2011') issued by IMMOFINANZ AG will terminate on 06
October 2011 subject to excluded periods according to the terms and
conditions. Because of several requests whether IMMOFINANZ AG will deliver
shares of IMMOFINANZ AG for CB 2011 for which the conversion rights are
exercised IMMOFINANZ AG announces as follows:
IMMOFINANZ AG will deliver shares of IMMOFINANZ AG (ISIN AT0000809058) to
bondholders of CB 2011, who exercise their conversion rights in accordance
with the terms and conditions.
IMMOFINANZ AG does not intend and has never intended to exercise the cash
settlement option under the terms and conditions of the CB 2011 to make
cash payments instead of delivery of settlement shares. Further, all
conversion rights which already were exercised have been fulfilled with
shares of IMMOFINANZ AG. Initially the cash settlement option has been
included in the terms and conditions of the CB 2011 to permit IMMOFINANZ AG
the fulfilment of its obligations under the CB 2011 with cash payments
instead of delivery of settlement shares, if IMMOFINANZ AG could not fulfil
all conversion rights with shares from conditional capital. However, this
situation has not occurred and therefore IMMOFINANZ AG will deliver shares
of IMMOFINANZ AG for all exercised conversion rights.
IMMOFINANZ AG assumes that all CB 2011 will be converted into shares and
that therefore 95,950,000 shares of IMMOFINANZ AG will be delivered to
holders of CB 2011 based on the current outstanding total nominal amount of
the CB 2011 of EUR 191,900,000.00 and the current conversion price of EUR
2.00.
Contact:
Simone Korbelius
Investor Relations&Corporate Communications
IMMOFINANZ AG
A-1100 Wien, Wienerbergstraße 11
Tel.: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
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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21.04.2011 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 WienÖsterreich
Phone: +43 (0) 5 7111 - 2291
Fax: +43 (0) 5 7111 - 8291
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; Wien (Amtlicher Handel / Official Market)
End of News DGAP News-Service
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121230 21.04.2011
Datum: 21.04.2011 - 20:08 Uhr
Sprache: Deutsch
News-ID 33867
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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