immigon portfolioabbau ag

EANS-Adhoc: immigon portfolioabbau ag
immigon portfolioabbau ag starts a buyback programme for subordinated notes and publishes Minimum Tender Prices

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  ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
  distribution. The issuer is solely responsible for the content of this
  announcement.
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other/Company Information
12.04.2016


immigon portfolioabbau ag starts a buyback programme for subordinated notes and
publishes Minimum Tender Prices (12 April 2016)

On 30 March 2016 the managing board of immigon portfolioabbau ag (formerly
Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna,
FN116476p ("immigon"), has resolved to invite the holders of certain outstanding
subordinated notes, as described below (the "Notes"), to offer the Notes to
immigon for repurchase for cash on the terms and subject to the conditions set
out in a Tender Offer Memorandum. Today, the managing board of immigon has
resolved on the Minimum Tender Prices for each Series of Notes which are
contained in Annex A to the Tender Offer Memorandum.

The Notes comprise in total 14 issuances of subordinated liabilities in the form
of bonds. The intended total consideration amount is EUR 150,000,000. The offer
period starts on 13 April 2016 and is due to expire on 18 May 2016 by 5.00 pm
CET on such date.

The invitation to offer the Notes for repurchase by immigon for cash is solely
based on the terms and subject to the conditions contained in the Tender Offer
Memorandum dated 12 April 2016 which may - subject to the invitation- and
distribution restrictions - be obtained from Ithuba Capital AG, Vienna (the
"Dealer Manager").

Details on the repurchase programme, including details on the Notes and their
ISINs and ID numbers are, subject to the invitation- and distribution
restrictions, available on immigon's homepage under http://www.immigon.com under
the heading "Emissions" and "Buyback offers" or from the Dealer Manager.

Mandatory information pursuant to the Disclosure and Notification Regulation
(Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital) of immigon
are admitted to trading on a regulated market in a Member State of the European
Economic Area:

ISIN:
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certificates (issued by Banque de Luxembourg as trustee)

The five exchange-listed bonds issued by immigon with the highest nominal volume
outstanding are:

ISIN:
AT000B056544
AT000B053442
AT000B115902
AT000B060462
AT0000322458


Securities issued by immigon 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


Further inquiry note:
Thomas Heimhofer
immigon portfolioabbau ag
Mobil: +43 (0) 676 790 7890
Mail to: thomas.heimhofer@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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