S IMMO AG voting rights announcement: Erste Group Bank AG increases holding
Increase to more than 10 %
In accordance with section 93(2) Austrian Stock Exchange Act (BörseG), stock exchange listed S IMMO AG (Bloomberg: SPI:AV, Reuters: SIAG.VI; S IMMO Share ISIN: AT0000652250, S IMMO INVEST participating certificate ISIN: AT0000795737 and AT0000630694) hereby announces that on 24 July 2012 it received a voting rights announcement in accordance with section 91 BörseG from Erste Group Bank AG.
The announcement informs S IMMO AG that Erste Group Bank AG increased its holding in S IMMO AG from 6,152,561 shares (9.03% of the voting rights) to 6,832,561 shares (10.03% of the voting rights) and has thereby exceeded the threshold of 10% of the voting rights on 20 July 2012.
It is also announced that Erste Group Bank AG directly holds more than 30% of Sparkasse Mühlviertel-West Bank Aktiengesellschaft, which holds 61,000 shares in S IMMO AG (0.09% of the voting rights).
This brings Erste Group Bank AG’s total interest (direct and indirect) in S IMMO AG to 6,893,561 shares (10.12% of the voting rights).
Ernst Vejdovszky, member of S IMMO AG’s Management Board, comments: “We see Erste Group’s increased interest as an expression of long-term confidence by our core shareholder and also as a confirmation that, in the light of the current gap between the share price and its inner value, the S IMMO Share is an attractive investment opportunity. The networks, the size as well as the knowledge and experience of our two main shareholders, Erste Group and Vienna Insurance Group, continue to be key strategic components of the Group’s success.”