EANS-Adhoc: immigon portfolioabbau ag/immigon portfolioabbau ag starts new
buyback programme for non-subordinated lia-bilities (7 September 2015)
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
other/Company Information
07.09.2015
Ad-hoc release pursuant to the Austrian Stock Exchange Act (Börsegesetz -
BörseG) / immigon portfolioabbau ag starts new buyback programme for
non-subordinated liabilities (7 September 2015)
On 7 September 2015 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
instruments (as described below) to offer their instruments to immigon for
repurchase against consideration in cash.
The instruments subject to the tender offer comprise in total 95
non-subordinated liabilities in the form of bonds (the "Instruments"). The
anticipated maximum total consideration amount is EUR 400,000,000. The offer
period starts on 7 September 2015 and is due to expire on 14 October 2015,
offers to be received by 4.00 pm London time/ 5.00 pm CET on such date.
The invitation to offer the Instruments for repurchase is primarily targeted at
retail investors and provides a fixed purchase/tender price for each series of
the respective Instruments. In respect of each series of Instruments, Investors
who offer to immigon Instruments up to EUR 250,000 in aggregate principal amount
(or unit value, as the case may be) (or its equivalent in another currency in
which the Instruments are denominated) of the relevant Instruments will receive
preferential treatment, as further described in the Tender Offer Memorandum
dated 7 September 2015 (the "Tender Offer Memorandum"). Further, immigon will
pay an amount corresponding to the accrued and unpaid interest for each
purchased Instrument (as applicable).
The invitation to offer the Instruments for repurchase is solely based on the
terms and subject to the conditions contained in the Tender Offer Memorandum
which may - subject to access and offer and distribution restrictions - be
obtained from the tender agent Citibank, N.A., London branch.
Details on the buyback programme, including details on the Instruments and their
ISINs and ID numbers are, subject to access and offer and distribution
restrictions, available on im-migon'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.
Mandatory information pursuant to the disclosure and notification regulation
(Verö-ffentlichungs- 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
Certifi-cates (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
AT000B060462
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@immigon.com
Further inquiry note:
immigon portfolioabbau ag
Thomas Heimhofer
Mobil: +43 (0)676 790 7890
Mail to: thomas.heimhofer@immigon.comwww.immigon.com
end of announcement euro adhoc
--------------------------------------------------------------------------------
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