Entry of squeeze-out of S IMMO AG in the commercial register expected for 03 December 2024

On 14 October 2024, the Shareholders’ Meeting of S IMMO AG resolved upon the squeeze-out of the minority shareholders of S IMMO AG in accordance with the Austrian Squeeze-out Act (Gesellschafterausschlussgesetz). Subject to the decision of the Commercial Court of Vienna, the squeeze‑out is currently expected to be registered with the commercial register on 03 December 2024. 

The squeeze-out will become effective upon registration with the commercial register. All shares held by minority shareholders will be transferred to the main shareholder, IMMOFINANZ AG, upon the squeeze‑out taking effect. Trading in shares of S IMMO AG on the stock exchange will no longer be possible from this date. The last trading day in the shares of S IMMO AG on the Vienna Stock Exchange is therefore expected to be 02 December 2024.

The affected minority shareholders will receive a cash compensation of EUR 22.05 per share of S IMMO AG in accordance with the resolution of the Shareholders’ Meeting. For this purpose, the S IMMO shares will be derecognised from the securities accounts of the minority shareholders shortly after registration with the commercial register and claim certificates will be booked, which securitise the claim for cash compensation (including statutory interest). The cash compensation is expected to be paid out with value date 11 December 2024 concurrently against derecognition of the claim certificates. 

Holders of S IMMO shares held in custody will be informed in writing by the custodian bank about further details of the payment of the cash compensation.

S IMMO AG will also provide information on the entry of the squeeze-out in the commercial register and any delays to the schedule described above in a corporate news release.