DGAP-News: IMMOFINANZ AG / Key word(s): Real Estate/AGM/EGM
IMMOFINANZ AG: Postponement of the ordinary shareholders' meeting
According to the original timetable of the takeover offer, it would have been clear by the previously scheduled date of the ordinary shareholders' meeting on 18 June whether the offer had been accepted by the S IMMO shareholders. Due to the postponement of the ordinary shareholders' meeting by S IMMO and a longer review of the offer document by the Austrian Takeover Commission, the timetable for the takeover offer has been postponed.
S IMMO group holds approximately 13.38% of IMMOFINANZ shares (re-participation). As explained in the published offer document, the consequence of the completion of the offer is that IMMOFINANZ and S IMMO form a group under corporate law and thus the re-participation - like treasury shares - carries no voting rights at the shareholders' meeting. With regard to this consequence of the settlement of the offer, it is planned that the ordinary shareholders' meeting of IMMOFINANZ will take place after the decision of the S IMMO shareholders on the offer as well as the settlement of the offer.
IMMOFINANZ will inform accordingly about the new date of the ordinary shareholders' meeting.
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19.05.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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