euro adhoc: conwert Immobilien Invest SE
Buybacks
conwert Immobilien Invest
SE announces modified share buyback programme: new maximum purchase price of EUR
13.00 per share
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
20.05.2008
conwert Immobilien Invest SE announces modified share buyback programme: new maximum purchase price of EUR 13.00 per share
Vienna, 20.05.2008. The Administrative Board of conwert Immobilien Invest SE approved a change in the terms of the current share buyback programme through a written resolution on 19 May 2008: the purchase price is now defined with an extended new price range of EUR 8.00 to EUR 13.00 for the purchase of conwert shares (former EUR 8.00 to EUR 12.20). This change in the maximum purchase price still reflects a roughly 20% discount to the current NAV, which demonstrates an unchanged low priced opportunity to acquire conwert shares in particular for use in the acquisition of companies and properties.
The terms of the amended share buyback programme are as follows: + Duration: 31.01.2008 to 30.06.2008 at the latest + Class of shares: Common shares + Planned volume: Up to 10% of issued capital, therefore a maximum of 8,535,927 common shares + Purchase price: EUR 8.00 to EUR 13.00 per share + Form of purchase: Over the Vienna Stock Exchange + Purpose: For the purpose permitted by § 65 (1) 8 of the Austrian Stock Corporation Act, in particular for use in the acquisition of companies and properties.
Any changes as well as the transactions carried out as part of the share buyback programme will be announced on the website of conwert Immobilien Invest SE under www.conwert.at in accordance with the Austrian Stock Corporation Act and the relevant publication directive.
end of announcement euro adhoc
Further inquiry note:
conwert Immobilien Invest SE, Johann Kowar, Chairman of the Executive Board
T +43 / 1 / 521 45-200, E kowar@conwert.at
Peter Sidlo, Head of Investor Relations, T +43 / 1 / 521 45-250,
E sidlo@conwert.at
Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wiener Börse AG / official dealing