conwert Immobilien Invest SE

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

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conwert Immobilien Invest SE extends share buyback programme

Vienna, 06.07.2010. 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 7,041,120 common shares or 8.249% of the issued capital in three previous share buyback programmes (31.01.2008 to 30.06.2008, 29.08.2008 to 25.04.2009 and 16.12.2009 to 30.06.2010). Thereof conwert sold 6,296,699 common shares within a property transaction, 744,421 common shares were owned by the company as of 30 June 2010.

At the end of the previous share buyback programme the Administrative Board of the company exercises again the authorisation granted at the Annual General Meeting held on 26 May 2009 and adopts the following fourth share buyback programme:

+          Duration: 12.07.2010 to 31.12.2010 at the latest
+          Class of shares: Common shares
+          Planned volume: up to 1.751% of issued capital, therefore
            a maximum of 1,494,807 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

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 Invest SE under in accordance with the Austrian Stock Exchange Act and the publication directive 2002.

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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

Metrum Communications GmbH
Eva Ruppnig, MAS
T +43 / 1 / 504 69 87-335

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

Weitere Meldungen: conwert Immobilien Invest SE

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