S IMMO AG resolves upon exchange and repurchase offer for the bond 2014-2021
The information contained in this announcement is not for release, publication or distribution, directly or indirectly, in or into the United States of America, Australia, Canada, Japan, Ireland or the United Kingdom of Great Britain and Northern Ireland, Belgium, France, Italy or into other countries in which the release, publication or distribution may be unlawful.
The Management Board of S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; ISIN: AT0000652250, the “Company”) has decided today to invite holders of the 4.5% S IMMO bond 2014-2021 (ISIN: AT0000A177D2) to offer S IMMO the exchange or the repurchase of their bonds.
In the event of acceptance of offers of holders to exchange or repurchase their bonds by the Company, the holders receive for each
a) bond offered for exchange
- a newly issued bond with a fixed coupon of 2.00% p.a. and a maturity of 10 years as well as
- an additional payment of EUR 35.00 (equivalent to 7% of the nominal amount)
b) bond offered for repurchase a repurchase price of EUR 535.00 (equivalent to a repurchase rate of 107%)
The additional payment and the repurchase amount are increased by accrued interest from the last interest payment date until the value date (expected 15 October 2019).
The offer period starts on 18 September 2019 and ends on 03 October 2019, 3.00 p.m. CET. After determination of the aggregate nominal amount submitted for exchange or repurchase, the Company will decide on an increase of the exchange bond on or around the 07 October 2019. Further information regarding the exchange and repurchase offer and, possibly, a public offer for subscription of bonds will be published on www.simmoag.at/exchangeoffer2019 or www.simmoag.at/bond2019-2029.
The invitation to submit offers for exchange or repurchase of bonds and the offer of bonds (as part of the exchange offer) is made solely by means and on the basis of a exchange and repurchase memorandum, which may be viewed electronically during the offer period on the Company’s website (www.simmoag.at/exchangeoffer2019) as well as on the basis of the base prospectus approved by the Austrian Financial Market Authority (FMA) on 06 May 2019, the prospectus supplement from 16 September 2019, further possible supplements thereto and the final terms (the “Prospectus”). Paper copies are available free of charge at the business address of the Company at Friedrichstraße 10, 1010 Vienna, during normal business hours and may be viewed electronically on the Company’s website (www.simmoag.at/en/investor-relations/s-immo-bonds.html). Only the information in the Prospectus is binding in connection with the offer (as part of the exchange offer). The information in this release are not binding. Investing in securities of the Company involves high risks, especially the risk of the total loss of the invested capital. Before every investment, investors should seek personal consultation considering their personal capital and investment situation, carefully read the Prospectus especially evaluating the risk factors and make a decision exclusively based on these steps. Presumably, offers can be made from 18 September 2019 until 03 October 2019, 03.00 p.m. CET (to be received by the exchange and tender agent, Erste Group Bank AG). Exchange and repurchase offers by holders of bonds may be rejected at the sole discretion of S IMMO AG for any reason whatsoever and the Company is not obliged to disclose reasons to the holders of bonds or to justify such rejection of exchange and repurchase offers.
This release does not constitute an offer for the purchase of bonds issued by S IMMO AG nor an invitation to offer bonds for exchange or repurchase to S IMMO AG in or from any jurisdiction in which the submission of such an offer or such an invitation to submit an offer or in which the submission of an offer by or to certain persons is prohibited. Holders of bonds who are outside of the Republic of Austria and who come into possession of this communication and/or the exchange and repurchase memorandum and/or who wish to make an offer for the exchange and repurchase of bonds from outside the Republic of Austria are required to inform themselves about the relevant legal provisions in connection therewith and to comply with these provisions. Neither S IMMO AG nor the exchange and tender agent assume any liability whatsoever in connection with the submission of an offer or an offer notice from outside the Republic of Austria.
This announcement is mandatory pursuant to Article 17 of the Market Abuse Regulation (MAR). It does not constitute financial analysis or advice relating to financial securities. It is neither a recommendation nor an offer, invitation or solicitation to purchase or sell securities of the Company and is not for release, publication or distribution in or into the United States of America, Australia, Canada, Japan, Ireland, Belgium, France, Italy or the United Kingdom of Great Britain and Northern Ireland.
This announcement is addressed exclusively to persons legally entitled to receive it. In particular, it is not addressed to U.S. citizens or people resident in the United States of America (USA), Australia, Canada, Japan, Ireland, Belgium, France, Italy or the United Kingdom of Great Britain and Northern Ireland. This announcement is not for publication or distribution in the USA and may not be distributed to U.S. persons or publications generally distributed in the USA nor be published or distributed in any other country in which its publication or distribution would be contrary to the law.