Announcement according to article 119 section 9 BörseG
CA Immobilien Anlagen AG: CA Immo starts further share buyback program
Vienna
(pta039/23.11.2016/19:50 UTC+1)
23.11.2016. The Management Board of CA Immobilien Anlagen AG today resolved another share buyback program in accordance with Article 65 para 1 no. 8 of the Austrian Corporation Act (AktG) on the basis of the authorizing resolution of the 29th Annual General Meeting on 3 May 2016. The volume totals up to one million shares (representing approx. 1% of the current share capital of the company) with a maximum limit of EUR 17.50 per share.
Additionally the prize has to comply with the authorizing resolution of the Annual General Meeting, meaning that the lowest amount payable on repurchase is not to be less than 30% and not to exceed 10% of the average unweighted price at the close of the market on the ten trading days preceding the repurchase.
The share buyback program is expected to start on 28 November 2016 at the earliest and will end no later than 2 October 2018. The buyback will be made for any permitted purpose covered by the resolution of the Annual General Meeting. CA Immobilien Anlagen AG currently holds five million treasury shares.
Details on the share buyback program are available under:
http://www.caimmo.com/en/investor_relations/share_buy_back/
Details on the share buyback program
The conditions of the share buyback program are as follows:
Date of the authorisation by the shareholders' meeting pursuant to article 65 para 1 no. 8 Austrian Stock Corporation Act: 3 May 2016
Dates and publication of the authorisation: 4 May 2016, via the information distribution system pursuant to article 81a para 1 no. 9 in connection with article 82 para 8 Austrian Stock Exchange Act in connection with article 11 Austrian Publication and Reporting Regulation
Commencement and anticipated duration: 28 November 2016 at the earliest until 2 October 2018
Share class: Bearer shares (ISIN AT0000641352)
Intended volumen: up to 1,000,000 shares (corresponding to approx. 1% of the share capital of the company)
Consideration: The lowest amount payable on repurchase is not to be less than 30% and not to exceed 10% of the average unweighted price at the close of the market on the ten trading days preceding the repurchase.
Form of repurchase: Purchase via stock exchange
Purpose of repurchase: The buyback will be made for any permitted purpose covered by the resolution of the Annual General Meeting.
Consequences for the admission of CA Immo-shares to stock exchange: None
Disclosure according to section 5 para 4 Austrian Publication Regulation 2002: (i) The details to be published pursuant to section 7 Austrian Publication Regulation 2002 regarding the transactions carried out in the course of this repurchase program as well as (ii) amendments of the repurchase program (as the case may be) to be published pursuant to section 6 Austrian Publication Regulation 2002, will be published on the website of CA Immobilien Anlagen AG (http://www.caimmo.com/en/investor_relations/share_buy_back/).
This announcement does not constitute a public offer to acquire CA Immo-shares and does neither obligate the company or any of its subsidiaries to accept offers to purchase CA Immo-shares.
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Emitter: |
CA Immobilien Anlagen AG Mechelgasse 1 1030 Wien Austria |
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Contact Person: | Mag. Christoph Thurnberger | |
Phone: | (+431) 532 59 07 504 | |
E-Mail: | christoph.thurnberger@caimmo.com | |
Website: | www.caimmo.com | |
ISIN(s): | AT0000641352 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) |