immigon portfolioabbau ag

EANS-Adhoc: immigon portfolioabbau ag
1. Results of buyback programme for non-subordinated liabilities (31 July 2015) 2. Revision of a previous ad-hoc release - positive year end result at single entity level of immigon rather likely (31 July 2015)

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
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  announcement.
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Capital measures/Company Information
31.07.2015


Ad-hoc release pursuant to the Austrian Stock Exchange Act (Börsegesetz -
BörseG) / immigon portfolioabbau ag

1.      Results of buyback programme for non-subordinated liabilities (31 July
2015)
2.      Revision of a previous ad-hoc release - positive year end result at
single entity level of immigon rather likely (31 July 2015)

On 9 July 2015 immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p
("immigon") announced the launch of a buyback programme for non-subordinated
liabilities and published the same on 10 July 2015. Creditors of a total of 268
non-subordinated liabilities in the form of bonds (Anleihen), registered notes
(Namensschuldverschreibungen) and Schuldscheine (the "Tender Securities") were
addressed and invited to offer immigon their outstanding instruments for
purchase or prepayment (as applicable). On 28 July 2015, 16:00 London time /
17:00 CET the offer period expired. The anticipated total consideration amount
was EUR 850 mn.

Offers received from investors comprised Tender Securities with a total nominal
volume of around EUR 1.456 bn. Following evaluation of offers received and
prices offered, the management board (Vorstand) of immigon resolved on 31 July
2015 to accept offers for a total consideration amount including accrued
interest of EUR 933 million. Details of the results of the tender offer, of
offers accepted as well as of the Tender Securities and their ISINs or
ID-Numbers (as applicable) are, subject to access and offer and distribution
restrictions, available on immigon's homepage under
http://www.immigon.com/investor-relations under the heading "Ad-hoc releases" or
from the Tender Agent Citibank, N.A., London branch.

Following implementation of the buyback programme within the next few days, the
management board of immigon expects a positive effect on immigon's results.The
results planning for 2015 presumed in the resolution plan (Abbauplan) has
intensified further as the management board's current expectation is that a
positive result may likely be recorded at single entity level in immigon's
single entity annual financial statements for the financial year 2015. This
could potentially lead to subsequent payments by immigon in respect of certain
profit-related instruments in accordance with the terms and conditions of such
instruments. Whether this will in fact be the case, can only be determined after
expiry of the financial year 2015.

On 28 November 2013 Österreichische Volksbanken-Aktiengesellschaft (now immigon)
has announced via EANS-Adhoc that a negative result is to be expected at
single-entity level in any event until the end of the financial year 2015. Due
to the changed expectations of the management board on 31 July 2015 in relation
to its year-end results, immigon hereby revises its previous ad hoc release for
the financial year 2015 in the sense that pursuant to current expectations held
by the management board it is rather likely that immigon may record a positive
result for the financial year 2015 in its annual financial statements at single
entity level.

Mandatory information pursuant to the disclosure and notification regulation
(Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital) of immigon
portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft) are
admitted to trading on a regulated market in a Member State of the European
Economic Area:

ISIN:
AT0000755665 Österreichische Volksbanken-AG Participation Certificates 
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certificates (issued by Banque de Luxembourg as trustee)
The five bonds issued by immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft) with the highest nominal volume:
ISIN:
AT000B056544
AT000B053442
XS0275528627
AT000B059456
AT000B115902

Securities issued by immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft) are admitted to trading on the following stock
exchanges:
Geregelter Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG) 
Amtlicher Handel of the Vienna Stock Exchange (Wiener Börse AG) 
Regulated Market of Luxembourg Stock Exchange
Open market (Freiverkehr) of Berlin Stock Exchange
Open market (Freiverkehr) of Stuttgart Stock Exchange
Open Market (Freiverkehr) of Frankfurt Stock Exchange

Press contact:
Thomas Heimhofer
immigon portfolioabbau ag
mobile: +43 (0)676 790 7890
email: thomas.heimhofer@outlook.com


Further inquiry note:
Thomas Heimhofer
immigon portfolioabbau ag
Tel.: +43 (0)676 790 7890
thomas.heimhofer@outlook.com
www.immigon.com

end of announcement                               euro adhoc 
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issuer:      immigon portfolioabbau ag
             Peregringasse 2
             A-1090 Wien
phone:        +43 (0)1 313 40-0
mail:     info@immigon.com
WWW:      www.immigon.com
sector:      Banking
ISIN:        AT000B056544, AT000B053442,  XS0275528627, AT000B060462,
             AT000B115902 
indexes:     
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Luxembourg Stock
             Exchange, Regulated free trade: Wien 
language:   English
 

 


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