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11.10.2010 – 19:05

conwert Immobilien Invest SE

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

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conwert Immobilien Invest SE starts new share buyback programme

Vienna, 11.10.2010. At the Extraordinary Shareholders´ Meeting of conwert Immobilien Invest SE on 11 October 2010, the Administrative Board was authorised to purchase treasury shares of the company up to the legally defined maximum of 10% of the nominal capital 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 4.00 and a maximum value of EUR 14.00 per share. The resolution was published on the website www.conwert.at on 11 October 2010.

conwert acquired a total of 927,919 common shares or 1.087% of the issued capital in four previous share buyback programmes (31.01.2008 to 30.06.2008, 29.08.2008 to 25.04.2009, 16.12.2009 to 30.06.2010 and 12.07.2010 to 11.10.2010) taking into consideration all given treasury shares as acquisition currency.

The Administrative Board of the company thus exercises the authorisation granted at the Extraordinary Shareholders´ Meeting held on 11 October 2010 and adopts the following fifth share buyback programme:

Duration: 18.10.2010 to 30.06.2011, three days after disclosure at the latest

Class of shares: Common shares

Planned volume: up to 8.913% of issued capital, therefore a maximum of 7,608,008 common shares

Purchase price: EUR 4.00 to EUR 14.00 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 approved by the Annual General Meeting because the current share price is roughly 30% 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 www.conwert.at in accordance with the Austrian Stock Exchange Act and the publication directive 2002.

@@start.t2@@end of announcement                                                 euro adhoc

ots Originaltext: conwert Immobilien Invest SE
Im Internet recherchierbar: http://www.presseportal.ch

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

Metrum Communications GmbH
Roland Mayrl
T +43 / 1 / 504 69 87-331
E r.mayrl@metrum.at

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

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