Warimpex Finanz- und Beteiligungs AG

euro adhoc: Warimpex Finanz- und Beteiligungs AG
Annual & Special Corporate Meetings
Warimpex AGM approves issue of convertible bonds and expands Supervisory Board

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc. The issuer is responsible   for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Warimpex AGM approves issue of convertible bonds and expands Supervisory Board . Issue of convertible bonds within 5 years . Four new members appointed to Supervisory Board . Alarich Fenyves new Chairman of Supervisory Board

Today's Annual General Meeting  of  Warimpex  Finanz-  und   Beteiligungs  AG  in Vienna established  the  prerequisites  for  a   convertible  bond  offering  and expanded the  group's  Supervisory   Board.  Alarich  Fenyves  will  be  the  new chairman of the Supervisory Board, with former chairman Heinrich  Geyer  as  his deputy.

At today's AGM the shareholders authorised the Management Board to issue  within the next five years convertible bonds  granting  a   conversion  or  subscription right to up to 9 million shares, representing up to  EUR  9m  of  the  company's paid-up share capital. All further conditions together with the details  of  the issue and conversion procedure will be defined by the Management Board with  the Supervisory Board's consent. The subscription right of shareholders  was  waived in order to keep the company's financing costs down and allow it to  target  the offering  at  the  group  of institutional  investors  in  the  capital  market specialising in convertible bonds.

Changes in the Supervisory Board

Gert Hoppe, a member of the Supervisory Board since 2003, stepped down from  his mandate, which will be taken over by Friedrich Grassi for the remaining term  of one year. A business associate of Warimpex since as early as  1989,  Grassi  was the company's partner in the development of the Hotel  Diplomat  in  Prague  and numerous other joint venture projects.

In addition, four further new members were elected to the Supervisory Board:

. Alicja Kornasiewicz, member of  the  Management  Board  of  CA  IB Corporate    Finance GmbH in Vienna and CEO of UniCredit CA IB Polska S.A., . Alarich Fenyves, former deputy CEO of Creditanstalt  AG,   partner  at  Roland    Berger  Strategy  Consultants  in  Vienna   since  2001  and  member  of    the    Supervisory Board of CA Immo International AG, . William Henry Marie de Gelsey, Senior Advisor at CA IB Corporate Finance Ltd.    since 2007, .  Wolfgang  Mitterberger, member  of  the  Management  Board  of    Raiffeisen    Wohnbaubank AG since 2000.

The mandates of the newly elected members of the  Supervisory  Board run  until the close of the Annual  General  Meeting  for  the   financial  year  2011.  The Warimpex Supervisory Board now numbers eight members.

@@start.t2@@end of announcement                                                 euro adhoc 31.05.2007 15:30:00

ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00-0
Christoph Salzer
Daniel Folian, mailto:investor.relations@warimpex.com

Branche: Real Estate
ISIN:      AT0000827209
Index:    ATX Prime
Börsen:  Wiener Börse AG / official market

Weitere Meldungen: Warimpex Finanz- und Beteiligungs AG

Das könnte Sie auch interessieren: