S IMMO INVEST

Besides our share and our bonds, S IMMO AG has also emitted participating certificates, which are also listed on the Vienna Stock Exchange and which distribute its annual profits (as a participating bond for the purpose of section 174 Austrian Corporation Act (AktG)). The portfolio of S IMMO INVEST is identical with the portfolio of the S IMMO share.

As published on 14 June 2017 and 30 November 2017, S IMMO AG has terminated all of S IMMO INVEST participating certificates issued by it with effect as of 31 December 2017 and the repayment entitlement pursuant to § 6 (4) of the terms and conditions of the S IMMO participating certificates is expected to be set on 04 April 2018. This means that the repayment entitlement pursuant to § 6 (5) of the terms and conditions of the S IMMO participating certificates is expected to be due for payment to the certificate holders on 04 May 2018.

The S IMMO participating certificates will remain listed in the market segment “other securities” on the Vienna Stock Exchange under the same ISINs after the cancellation goes into effect on 31 December 2017. The S IMMO participating certificates are expected to be removed from trading on the Vienna Stock Exchange on 30 April 2018 (last auction).

Details
ListingVienna Stock Exchange
Segmentother securities.at
ISINAT0000795737 (initial listing 1996)
AT0000630694 (initial listing 2004)
Terminationwith effect as of 31 December 2017
Amount of the repayment entitlementannounced presumably on 04 April 2018
Payout of entitlementexpected on 04 May 2018
Issued 
(26 June 2017)
475,036 Tranche I
117,398 Tranche II
SymbolSIIG (Tranche I), SPIG (Tranche II)
ReutersSIMIg.VI
BloombergSIIG:AV

As announced on 14 June 2017, S IMMO AG has terminated all of S IMMO INVEST participating certificates (ISIN AT0000795737 and ISIN AT0000630694; in the following together “participating certificates“) issued by it with effect as of 31 December 2017.

On 04 April 2018, the amount of the participating certificate liability as of 31 December 2017 was determined at EUR 102.98 per participating certificate. Thereof, an amount of EUR 3.00 per participating certificate will be paid out as distribution for the financial year 2017 and the remaining EUR 99.98 per participating certificate as repayment to the certificate holders on 04 May 2018 (payment date). Record date for both payments is 03 May 2018. Therefore, the person holding the participating certificate on that day will be the person receiving the repayment and the distribution for the financial year 2017.

The S IMMO INVEST participating certificates will remain listed in the market segment „other securities“ on the Vienna Stock Exchange under the same ISINs. The S IMMO INVEST participating certificates are expected to be removed from trading on the Vienna Stock Exchange on 30 April 2018 (last auction) for technical reasons.

It was also decided today, to maintain the repurchase programme for S IMMO INVEST participating certificates that was published on 12 June 2013, but adopt it insofar as the maximum purchase price per S IMMO INVEST participating certificate lies at EUR 102.98 (cum the distribution for the financial year 2017).

This announcement does not constitute a public offer to acquire S IMMO INVEST participating certificates and does not obligate the company to accept offers for repurchase of S IMMO INVEST participating certificates.

Today, S IMMO AG’s management board decided to cancel all of s IMMO INVEST participating certificates (ISIN AT0000795737 and ISIN AT0000630694) issued by it with effect as of 31 December 2017. The cancellation of the participating certificates by the company only becomes legally effective by an announcement of a cancellation declaration in the official gazette of the Wiener Zeitung. The announcement is planned within the next few days.

The cancellation is executed in accordance with section 6 para 2 of the terms of participating certificates. The repayment claim as of 31 December 2017 will be determined in the course of preparation of the financial statements for the year 2017, and is anticipated for April 2018. The repayment claim is due for payment one month after its determination. The participating certificates remain tradable on the Vienna Stock Exchange.

As published on 14 June 2017, S IMMO AG has terminated all of S IMMO INVEST participating certificates (ISIN AT0000795737 and ISIN AT0000630694; collectively called the “S IMMO participating certificates” in the following) issued by it with effect as of 31 December 2017.

Now notice is given that the repayment entitlement pursuant to § 6 (4) of the terms and conditions of the S IMMO participating certificates is expected to be set on 04 April 2018. The amount of the repayment entitlement will then be announced by the company. This means that the repayment entitlement pursuant to § 6 (5) of the terms and conditions of the S IMMO participating certificates is expected to be paid to the certificate holders on 04 May 2018.

The S IMMO participating certificates will remain listed in the market segment “other securities” on the Vienna Stock Exchange under the same ISINs after the cancellation goes into effect on 31 December 2017. The S IMMO participating certificates are expected to be removed from trading on the Vienna Stock Exchange on 30 April 2018 (last auction).

In the course of approving the results for 2016, S IMMO AG determined the dividend for the S IMMO INVEST participating certificate with the ISIN codes AT0000795737 and AT0000630694.

The dividend for the financial year 2016 amounts to EUR 4.00 per participating certificate. The payment day is the 04 May 2017, the ex-date is the 02 May 2017 and the record date is the 03 May 2017.

Financial year20162015201420132012201120102009
Dividend/certificate4.004.003.003.003.353.854.364.36
Distribution statement for 2016in EUR
Income entitlements (clause 4)6,734,614.00
+/- Proportionate change in value (clause 2)176,416.00
+/- Change in reserves (clause 3)-4,492,622.00
+/- Retained profit released (clause 4)0
Distribution2,418,408.00
Number of certificates in issue (as at mid March 2017)604,602
Distribution per participating certificate (EUR)4.00

S IMMO AG announces that on 12 June 2013, the Management Board decided on amendments of Section 3 (investment guidelines) and Section 11 para. 2 of the terms and conditions for participating certificates with approval of the Supervisory Board according to Section 11 para. 2 of the terms and conditions for participating certificates. The adaptions are made in line with the restructuring of the participating certificate carried out in 2007 and were advisable as,  since the restructuring, the participating certificate no longer refers to an own accounting entity, but to the result of the entire group.

 

Section 3 of the terms and conditions for participating certificates now reads:

“Section 3 Subject matter of the participatory rights

(1) Subject matter of the participatory rights shall be the entire business activities of the S IMMO Group. 

(2) The valuation principles of the S IMMO Group shall apply.”

 

Section 11 para. 2 of the terms and conditions for participating certificates now reads:

“(2) The Management Board is authorised to carry out formal amendments to these terms and conditions and to amend Section 3 (Subject matter of the participation rights). Such amendments require only the consent of the Supervisory Board and must be published in accordance with Section 10.”

All other provisions of the terms and conditions for participating certificates shall remain unchanged.

 

Participation certificate terms (.pdf)

 

This English language version of the TERMS OF S IMMO INVEST PARTICIPATORY CERTIFICATES (the “Terms”) is a translation of the German language original and is being provided for convenience only. The legally binding version of the Terms is the German language version and accordingly, in case of discrepancies between the German and the English version, the German version shall prevail. Furthermore, S IMMO AG assumes no liability as to the accurateness or completeness of the translation.