Agreement with CPI PROPERTY GROUP S.A. on IMMOFINANZ public offers signed
Today, on 31 January 2022, CEE Immobilien GmbH, a fully owned subsidiary of S IMMO AG, and CPI PROPERTY GROUP S.A. (“CPI”) have agreed that CPI undertakes to increase the price offered in its anticipatory mandatory takeover offer (the “CPI Offer”) to EUR 23,00 per share on a cum-dividend basis. The improved CPI Offer is to be published after clearance by the Austrian Takeover Commission and available to the holders of all outstanding ordinary shares of IMMOFINANZ AG (as well as the holders of the convertible bonds due 2024 correspondingly). Against this undertaking CEE Immobilien GmbH has irrevocably undertaken to transfer all of its shares in IMMOFINANZ to CPI (currently 17,543,937, i.e. roughly 12.69% of the registered capital of IMMOFINANZ) as well as any shares potentially acquired through its partial offer for shares in IMMOFINANZ as soon as the CPI Offer become unconditional (antitrust clearance), but not earlier than the initial settlement of the CPI Offer.