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conwert Immobilien Invest SE

euro adhoc: conwert Immobilien Invest SE
Buybacks
conwert Immobilien Invest SE starts further share buyback

  Disclosure announcement transmitted by euro adhoc. The issuer is responsible
  for the content of this announcement.
25.08.2008
conwert Immobilien Invest SE starts further share buyback
Vienna, 25.08.2008. The extraordinary general meeting of conwert 
Immobilien Invest AG on 25 October 2007 authorised the Management 
Board to repurchase the company´s shares up to the legally defined 
maximum of 10% of issued capital. This authorisation is valid for a 
period of 18 months beginning on the date the resolution was passed. 
In this connection, the general meeting also confirmed the validity 
of the authorisation for conwert Immobilien Invest SE after the 
change in the company´s legal form. The resolution was published on 
the conwert website under www.conwert.at on 25 October 2007. conwert 
has already utilised this authorisation in part, purchasing 3,882,361
shares of common stock or 4.548% of share capital in a first share 
buyback programme from 31 January 2008 to 30 June 2008. The 
Administrative Board of conwert has decided to again make use of the 
authorisation issued by the annual general meeting up to the maximum 
amount permitted under law, and has defined the following share 
buyback programme:
  • Duration: 29.08.2008 to 25.04.2009 at the latest + Class of shares: Common shares
  • Planned volume: Up to 5.452% of share capital, therefore a maximum of 4,653,566 common shares + Purchase price: EUR 8.00 to EUR 13.00 per share + Form of purchase: Over the Vienna Stock Exchange + Purpose: For the purpose permitted by § 65 (1) 8 of the Austrian Stock Corporation Act, in particular for use in the acquisition of companies and properties
The Administrative Board approved this additional buyback because the
current market price of the company´s share is roughly 40% below its 
book value (NAV) per share and therefore still presents a favourable 
opportunity to purchase treasury stock, among others, for use in 
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 www.conwert.at in accordance 
with the Austrian Stock Corporation Act and the relevant publication 
directive.
end of announcement                               euro adhoc

Further inquiry note:

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

Hochegger|Financials, Roland Mayrl, T +43 / 1 / 504 69 87-31,
E r.mayrl@hochegger.com

Branche: Real Estate
ISIN: AT0000697750
WKN: 069775
Index: WBI
Börsen: Wiener Börse AG / official dealing

Plus de actualités: conwert Immobilien Invest SE
Plus de actualités: conwert Immobilien Invest SE