S IMMO AG: Further share repurchase
The Management Board of S IMMO AG has resolved today to repurchase shares under section 65(1)(8) Austrian Stock Corporations Act (AktG).
Ernst Vejdovszky, Chairman of S IMMO AG’s Management Board, comments: “The company’s shares are trading at a significant discount to its net asset value. Therefore the share repurchase programme is an opportunity in the interest of our shareholders.”
The repurchase programme will begin on 15 December 2014 and will end at the latest on 31 December 2015. Up to a further 3% of the Company’s shares – i.e., a maximum of 2,007,515 shares – will be acquired as part of the programme.