BUWOG AG
30.12.2014 14:49
Dissemination of a Voting Rights Announcement, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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BUWOG AG: Change in stake of voting rights of IMMOFINANZ AG
IMMOFINANZ AG notified on 23 December 2014 pursuant to sections 91 et seq.
Austrian Stock Exchange Act a change of the relevant interest of IMMOFINANZ
AG (together with controlled undertakings) of voting rights in BUWOG-shares
and that reporting thresholds have been crossed.
BUWOG AG exercised on 18 December 2014 its right to call the convertible
bond due 2019 (ISIN AT0000A17CA5) (effective with 19 January 2015) under
the terms and conditions in order to repay the convertible bond. Hence,
conversion rights under the convertible bonds due 2019 cannot be exercised
and holders of the convertible bonds are not entitled to covert the bonds
in BUWOG-shares. Therefore the relevant voting rights from the convertible
bond due 2019 are no longer attributed to IMMOFINANZ AG:
- As a result the interest of voting rights decreased from 63,187,893
shares / corresponding approx. 63.44% to 48,807,363 shares / corresponding
approx. 49%. On 18 December 2014, the reporting threshold according to
section 91 Austrian Stock Exchange Act of 50% has been crossed. The
relevant interest of IMMOFINANZ AG (together with controlled undertakings)
of voting rights of BUWOG-shares is 48,807,363 shares / corresponding
approx. 49%.
- Further and together with the retransfer of Loan Shares (see below) the
relevant interest of voting rights attributable to IMMOFINANZ AG (together
with controlled undertakings) according to section 91a Austrian Stock
Exchange Act decreased from 22,664,349 shares / corresponding approx.
22.75% to 7,884,697 shares / corresponding approx. 7.92%. On 18 December
2014 the reporting thresholds of 20%, 15% and 10% for attributed voting
rights in BUWOG-shares pursuant to section 91a Austrian Stock Exchange Act
have been crossed.
Regarding the relevant interest of voting rights of IMMOFINANZ AG in BUWOG
AG (ISIN AT00BUWOG001) according to sections 91 et seq. Austrian Stock
Exchange Act:
1. The relevant interest of IMMOFINANZ AG (together with controlled
undertakings) of voting rights, without the former (potential) interest of
voting rights in the convertible bond due 2019, is 48,807,363 shares /
corresponding approx. 49%.
This interest of voting rights includes (a) shares of BUWOG AG held by
IMMOFINANZ AG (approx. 40.51%), (b) shares of BUWOG AG held by IMBEA
IMMOEAST Beteiligungsverwaltung GmbH (100% subsidiary) (approx. 0.57%), (c)
the BUWOG-shares ('Loan Shares') transferred under the global master
securities lending agreements concluded with the underwriting institutions
BNP Paribas Arbitrage SNC, Morgan Stanley & Co. International plc and J.P.
Morgan Securities plc in connection with the EUR 375,000,000.00 1.5% bonds
exchangeable into ordinary bearer shares of BUWOG AG due 2019 issued by
IMMOFINANZ AG (ISIN XS1108672988, 'bonds exchangeable'), the voting rights
of the Loan Shares are attributed to IMMOFINANZ AG because of IMMOFINANZ
AG's entitlement to request the retransfer of the Loan Shares (section 91a
para 1 no 1 Austrian Stock Exchange Act) (approx. 2.82%), and (d) those
shares of BUWOG AG which IMMOFINANZ AG is entitled and obliged to purchase
in case of the repayment of the financing transactions with IMMOFINANZ
shares/BUWOG shares (approx. 5.10%) (section 91a para 1 no 1 Austrian Stock
Exchange Act).
2. The relevant interest of voting rights according to sections 91, 92
Austrian Stock Exchange Act and section 91a Austrian Stock Exchange Act is
described below:
a) Shareholder/Entity: IMMOFINANZ AG
Shares/Type of Instrument: BUWOG AG Ordinary Share (ISIN AT00BUWOG001)
Exercise Period/Expiry Date: n.a./n.a.
Number of Equivalent Shares (number of shares/%): 40,358,190 shares/approx.
40.51%
b) Shareholder/Entity: IMBEA IMMOEAST Beteiligungsverwaltung GmbH (100%
subsidiary of IMMOFINANZ AG)
Shares/Type of Instrument: BUWOG AG Ordinary Share (ISIN AT00BUWOG001)
Exercise Period/Expiry Date: n.a./n.a.
Number of Equivalent Shares (number of shares/%): 564,476 shares/approx.
0.57%
c) Shareholder/Entity: IMMOFINANZ AG
Shares/Type of Instrument: retransfer right with respect to the Loan Shares
pursuant to the securities lending within the scope of the issuance of the
bonds exchangeable (section 91a para 1 no 1 Austrian Stock Exchange Act)
Exercise Period/Expiry Date: on the maturity date of the bonds exchangeable
(11 September 2019) and on delivery dates for BUWOG AG shares in case of
redemption of the bonds exchangeable by way of share delivery (share
redemption).
Number of Equivalent Shares (number of shares/%): 2,804,410 shares/approx.
2.82%
d) Shareholder/Entity: IMMOFINANZ AG
Shares/Types of Instrument: financing transaction with IMMOFINANZ AG
shares/BUWOG AG shares combined with the right/obligation to purchase BUWOG
AG shares (ISIN AT00BUWOG001) upon redemption of the financing transaction
(sec 91a para 1 no 1 Austrian Stock Exchange Act).
Exercise Period/Expiry Date: ongoing/25 March 2015
Number of Equivalent Shares (number of shares/%): 5,080,287 shares/approx.
5.10%
For questions please contact:
INVESTOR RELATIONS
Holger Lüth
Head of Investor Relations & Corporate Finance
Email: holger.lueth@buwog.at
Tel.: +43-1-878 28 1203
Fax: +43-1-878 28 5203
MEDIA INQUIRIES
Thomas Brey
BUWOG Press Office, c/o LUSTIG+BREY
Email: brey@lustigbrey.at
Tel.: +43-1-233 01 23-15
Mobil: +43-0-676-542 39 09
30.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: BUWOG AG
Hietzinger Kai 131
1130 Wien
Austria
Internet: www.buwog.com
End of Announcement DGAP News-Service
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DGAP-PVR: BUWOG AG: Release according to Article 93, Section 2 BörseG with the objective of Europe-wide distribution
| Source: EQS Group AG