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conwert Immobilien Invest SE

EANS-Adhoc: conwert Immobilien Invest SE
conwert Immobilien Invest SE starts new 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.
11.10.2010
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.
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

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

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