S IMMO AG: further repurchase of shares and participating certificates
New share repurchase programme from 27 June 2012 until 27 June 2013
The Management Board of S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI, ISIN: AT0000652250, AT0000795737 and AT0000630694) has, with the approval of the Supervisory Board, decided to repurchase treasury shares as authorised by resolution of the 23rd Annual General Meeting on 01 June 2012: Up to 3% of the issued share capital – a maximum of 2,043,561 shares – can be acquired as part of a share repurchase programme.
The resolution of the Annual General Meeting authorised the Management Board, in accordance with section 65(1)(8) Austrian Companies Act (AktG), to repurchase up to 10% of S IMMO AG’s issued share capital within 30 months of the date of the Annual General Meeting, given the approval of the Supervisory Board. Pursuant to section 82(8) and (9) Austrian Stock Exchange Act (BörseG), the resolution was published on S IMMO AG’s website on 05 June 2012 and in the Official Gazette in the Wiener Zeitung of 08 June 2012.
The Company is planning to repurchase up to 3% of the issued share capital, a maximum of 2,043,561 shares. The repurchases may be for any of the purposes specified in section 65(1)(8) Austrian Companies Act (AktG). The repurchase programme will begin on 27 June 2012 and will end at the latest on 27 June 2013.
The repurchase relates to the bearer shares of S IMMO AG (ISIN: AT0000652250) and may be effected on or off the Vienna Stock Exchange. The price per share may be no lower than EUR 1.00 and no more than 15% higher than the average quoted price on the Vienna Stock Exchange over the three trading days preceding the relevant repurchase.
This publication is also a publication pursuant to sections 4 and 5 of the Austrian Publication Order 2002 (BGBl II 2002/112 - VeröffentlichungsV). The publication of any changes to the repurchase programmes for the purposes of section 6 Austrian Publication Order 2002 as well as any transactions related to the repurchase programmes under section 7 Austrian Publication Order 2002 will be on S IMMO AG’s website, at www.simmoag.at/en/investor-relations/share-repurchase.
The Management Board has also, with the approval of the Supervisory Board, decided on a further repurchase programme for S IMMO INVEST participating certificates (ISIN AT0000795737 and ISIN AT0000630694) until 21 June 2013. A maximum of 10% of the participating certificates may be repurchased, 290,542 certificates. The price per certificate may be no lower than EUR 1.00 and no more than 2% higher than the total entitlement per certificate as shown in the most recently published quarterly report. Repurchases may be made on or off the stock exchange. S IMMO AG reserves the right to entirely or partially cancel the repurchased participating certificates.
This announcement does not constitute a public offer to acquire S IMMO shares and / or S IMMO INVEST participating certificates and does not obligate the Company to accept offers for repurchase of S IMMO AG shares and / or S IMMO INVEST participating certificates.