Immofinanz Company Blog
externe Userbeiträge

IMMOEAST Cash entitlement

Mr Gregory ChenalletPost by Mr Gregory Chenallet
16 March 2016 | 5 Comments

Dear Sir/Madam,

Would it be possible to have an update to any potential cash/shares entitlement following the current investigation on the merger exchange ratio? Can you provide an estimate as to how much longer it will take for the court to provide its decision in this regards?

Thanks in advance for your answer
Kind regards
Gregory Chenallet

5 Kommentare

Mr Gregory Chenallet Mr Gregory Chenallet
2 February 2017 | 15:53

Dear Bettina,

I just wanted to follow up on the above matter.
Do you have any news in this regard?

Thanks & Kind regards
Gregory

Reply
Bettina Schragl, Head of Corporate Communications and Investor Relations Bettina Schragl, Head of Corporate Communications and Investor Relations
6 February 2017 | 15:47

Dear Gregory,

The committee has not yet issued any information on further planned procedures, since the term of office of its chairman has ended on 31 December 2016. The negotiations are expected to continue in Q1/Q2 2017.
You can find updates on that matter on our website: 

http://www.immofinanz.com/en/investor-relations/announcements/merger-2010

Reply
Mr Gregory Chenallet Mr Gregory Chenallet
12 May 2016 | 20:13

Dear Ms Schragl,

Thank you very much for your detailed explanation, much appreciated.

Is it possible to confirm whether or not the expert opinion goes towards the reasonableness of the exchange ratio?

Kind regards
Gregory

Reply
Bettina Schragl, Head of Corporate Communications and Investor Relations Bettina Schragl, Head of Corporate Communications and Investor Relations
13 May 2016 | 09:13

Dear Mr. Chenallet,

As mentioned in my previous post, we generally see the expert opionion as confirmation of our position.

Kind regards
Bettina Schragl

Reply
Bettina Schragl, Head of Corporate Communications and Investor Relations Bettina Schragl, Head of Corporate Communications and Investor Relations
1 April 2016 | 11:44

Dear Mr. Chenallet,

Back in 2010, petitions were  filed with the commercial court of Vienna by IMMOFINANZ shareholders and shareholders of the former IMMOEAST AG for a review of this exchange ratio pursuant to §§ 225c ff of the Austrian Stock Corporation Act. This step led to the start of court proceedings, and IMMOFINANZ AG has filed an extensive statement in response to the petitions. In accordance with legal regulations, the commercial court of Vienna ordered an expert opinion on the exchange ratio.

In April 2014 Hans Bodendorfer was appointed by the court to prepare an expert opinion to determine whether the defined exchange ratio reflects the factual and legal situation and evaluate whether the applied valuation methods are plausible. This expert opinion was issued in December 2015, and we generally see it as confirmation of our position.

Whether the commercial court agrees with this position will be determined during the court proceedings. We hope the proceedings will soon be concluded.

Kind regards
Bettina Schragl

Reply

Write new comment

Please do log in to be able to use this functionality.

toggle
Blog subscription


Get the newest blog entries
directly into your mailbox

Sign up now!
toggle


toggle
Bettina Schragl, Head of Corporate Communications and Investor Relations, 28.03.2017
Merger
Dear Mr Gusenbauer, We have demonstrated clearly that the combined company will become one of...
Bettina Schragl, Head of Corporate Communications and Investor Relations, 06.02.2017
IMMOEAST Cash entitlement
Dear Gregory, The committee has not yet issued any information on further planned procedures,...
Mr Gregory Chenallet, 02.02.2017
IMMOEAST Cash entitlement
Dear Bettina, I just wanted to follow up on the above matter. Do you have any news in this...
Harald Heinzl Przemek Wardega Dietmar Reindl Julia Müller Stefan Schönauer Bettina Schragl