EANS-Adhoc: conwert Immobilien Invest SE conwert Immobilien Invest SE extends
share buyback programme
--------------------------------------------------------------------------------
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.
--------------------------------------------------------------------------------
14.06.2011
Vienna, 14.06.2011. 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.
As of 31st May 2011 conwert acquired a total of 2,103,328 common shares or 2.46%
of the issued capital in five share buyback programmes (31.01.2008 to
30.06.2008, 29.08.2008 to 25.04.2009, 16.12.2009 to 30.06.2010, 12.07.2010 to
11.10.2010 and 18.10.2010 to 30.06.2011) taking into consideration all given
treasury shares as acquisition currency.
At the end of the previous share buyback programme the Administrative Board of
the company exercises again the authorisation granted at the Extraordinary
Shareholders´ Meeting held on 11 October 2010 and adopts the following sixth
share buyback programme:
+ Duration: 01.07.2011 to 30.06.2012, after disclosure at the latest
+ Class of shares: Common shares
+ Planned volume: up to 10% of issued capital, therefore
a maximum of 8,535,927 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 26% 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.
Further inquiry note:
conwert Immobilien Invest SE,
Peter Sidlo, Head of Corporate Communications,
T +43 / 1 / 521 45-250,
E peter.sidlo@conwert.at
end of announcement euro adhoc
--------------------------------------------------------------------------------
issuer: conwert Immobilien Invest SE
Albertgasse 35
A-1080 Wien
phone: 52145-0
FAX: 52145-111
mail: cw@conwert.at
WWW: http://www.conwert.at
sector: Real Estate
ISIN: AT0000697750
indexes: WBI, ATX
stockmarkets: official market: Wien
language: English
issuer: conwert Immobilien Invest SE Albertgasse 35 A-1080 Wien phone: 52145-0 FAX: 52145-111 mail: cw@conwert.at WWW: http://www.conwert.at sector: Real Estate ISIN: AT0000697750 indexes: WBI, ATX stockmarkets: official market: Wien language: English Contact: conwert Immobilien Invest SE, Peter Sidlo, Head of ...