conwert Immobilien Invest SE

EANS-Adhoc: conwert Immobilien Invest SE starts share buyback programme

@@start.t1@@--------------------------------------------------------------------------------   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. --------------------------------------------------------------------------------@@end@@


Vienna, 10.12.2009. At the Annual General Meeting of conwert Immobilien Invest SE on 26 May 2009, the Administrative Board was authorised to purchase treasury shares up to the legally defined maximum in accordance with § 65 para. 1 (8) and para. 1a and 1b of the Austrian Stock Corporation Act for a period of 30 months beginning on the date the resolution is passed, at a minimum value of EUR 1.00 and a maximum value of EUR 10.00 per share. The resolution was published on the website on 26 May 2009.

conwert acquired a total of 4,268,461 common shares or 4.999% of the issued capital in two previous share buyback programmes (31.01.2008 to 30.06.2008 and 29.08.2008 to 25.04.2009).

The Administrative Board of the company thus exercises the authorisation granted at the Annual General Meeting held on 26 May 2009 and adopts the following third share buyback programme:

@@start.t2@@+ Duration:              16.12.2009 to 30.06.2010 at the latest

+ Class of shares:  Common shares

+ Planned volume:    up to 5.001% of issued capital, therefore
                                a maximum of 4,267,466 common shares

+ Purchase price:    EUR 1.00 to EUR 10.00 per share

+ Form of purchase: over the Stock Exchange

+ Purpose:                for the purpose permitted by § 65 para. 1 (8) of the

    Austrian Stock Corporation Act, in particular for the

    use in the acquisition of companies and properties@@end@@

The Administrative Board adopted a further share buyback programme because the current share price is roughly 45% below the share´s net asset value (NAV) and provides a good opportunity to buy own shares to use them, amongst other things, for later acquisitions.

Any changes as well as the transactions carried out as part of the share buyback programme will be published on the website of conwert Immobilien SE under in accordance with the Austrian Stock Exchange Act and the publication directive 2002.

@@start.t3@@end of announcement                                                 euro adhoc

ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar:

Further inquiry note:
conwert Immobilien Invest SE
Peter Sidlo, Head of Corporate Communications
T +43 / 1 / 521 45-250

Q-COM Financial Relations GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331

Branche: Real Estate
ISIN:      AT0000697750
WKN:        069775
Index:    WBI
Börsen:  Wien / official dealing

Weitere Meldungen: conwert Immobilien Invest SE

Das könnte Sie auch interessieren: