EANS-Adhoc: conwert Immobilien Invest SE
conwert Immobilien Invest SE extends
share buyback programme
14.06.2011 – 16:18
-------------------------------------------------------------------------------- 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