Press Releases

29 August 2017

Today’s extraordinary general meeting of conwert Immobilien Invest SE approved the resolution proposed by the main shareholder Vonovia SE to squeeze out the minority shareholders in accordance with section 1 paragraph 1 of the Austrian Squeeze-Out Act (“GesAusG”) in exchange for adequate cash compensation of €17.08 per share.

26 July 2017

conwert Immobilien Invest SE (“conwert”), listed on the ATX, announces that PwC Wirtschaftsprüfung GmbH, the court-appointed expert auditor in the shareholder squeeze-out, has confirmed the accuracy of the joint report by Vonovia SE and the conwert Administrative Board and the adequacy of the cash settlement to be paid out to conwert minority shareholders amounting to EUR 17,08 per share.

The extraordinary general meeting of conwert, which will rule on the transfer of shares held by minority shareholders to the main shareholder, will be held on 29 August 2017.

16 July 2017

conwert Immobilien Invest SE ("conwert"), a company listed on the ATX (Austrian Traded Index), announces that Vonovia SE ("Vonovia") as main shareholder of conwert, and the administrative board of conwert today have jointly set the adequate cash compensation to be paid to conwert’s minority shareholders in the course of the initiated squeeze-out proceedings to €17.08 per share.

Furthermore, Vonovia and conwert’s administrative board have resolved on the joint report pursuant to sec 3 para 1 of the Austrian Squeeze-Out Act („GesAusG“).

The cash compensation paid in the course of the squeeze-out proceedings was set on the basis of an expert valuation report by Ebner Stolz GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft. The accuracy of the joint report as well as the adequacy of the cash compensation are subject to an examination and confirmation by PwC Wirtschaftsprüfung GmbH as courtappointed
expert. 

The extraordinary shareholders' meeting of conwert, which will resolve on the transfer of shares of the minority shareholders to the main shareholder against payment of an adequate cash compensation, is expected to be held on 29 August 2017.

13 June 2017

The Annual General Meeting (AGM) of conwert Immobilien Invest SE has approved a dividend payment of €0.48 per share. The payment date was agreed for 20 June 2017.

Voting results for all items of the agenda will be posted on conwert’s website at http://www.conwert.com/en/investor-relations/general-meeting.

16 May 2017

As per sec. 93, para. 2, Stock Exchange Act, conwert Immobilien Invest SE (“conwert”) announces that Susquehanna International Holdings LLC (“Susquehanna”) announced the following voting rights on 16 May 2017 in accordance with sec. 91 et seqq. Stock Exchange Act:

Voting rights for a total of 3,694,289 shares in conwert are attributable to Susquehanna, with its corporate seat in Wilmington, USA, (this corresponds to approximately 3.63% of the voting rights based on a total of 101,906,213 conwert shares). Susquehanna fell below the 4% threshold on 24 March 2017. 

28 April 2017

Vonovia SE („Vonovia“) has submitted a request pursuant to Section 1 para 1 of the Austrian Squeeze-Out Act („GesAusG“) to conwert Immobilien Invest SE („conwert“) that a shareholders' meeting of conwert resolves on the transfer of shares of the minority shareholders to Vonovia against payment of an adequate cash compensation in the course of a shareholders' meeting of conwert which remains to be convoked.

Following the closing of the successful takeover offer and the closing of the transfers of the shares that have been tendered in the extended offer period, Vonovia, in total, holds 94,867,722 shares in conwert; this corresponds to a participation of 93.09 % of conwert's share capital. Therefore, Vonovia is the principal shareholder of conwert within the meaning of Section 1 GesAusG.

Further details on the amount of the adequate cash compensation will be published separately once the required valuation has been finalised.

20 April 2017

As per sec. 93, para. 2, Stock Exchange Act, conwert Immobilien Invest SE (“conwert”) announces that Vonovia SE (“Vonovia”) announced the following notification on the share of voting rights and additional information on 19 April 2017 in accordance with sec. 91 et seqq. Stock Exchange Act:

As indicated in the announcement of 5 April 2017, Vonovia SE, with its corporate seat in Düsseldorf, Germany, holds voting rights for a total of 94,867,722 shares in conwert following the completion of the acquisition offer. This corresponds to approximately 93.09% of the voting rights based on a total of 101,906,213 conwert shares.

13 April 2017

conwert Immobilien Invest SE, listed on the ATX, (“conwert”; ISIN AT0000697750) announces that the decision by the Austrian Takeover Commission dated 22 November 2016 (GZ 2016/1/2-313 as amended by GZ 2016/1/2-316) mentioned in the ad hoc release of conwert dated 30 November 2016 was confirmed by decision of the Austrian Supreme Court (6 Ob 22/17d) and published on the website of the Austrian Takeover Commission (http://www.takeover.at/entscheidungen) today. The decision is legally binding.

This release contains forward-looking statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realized at a later date, may differ from the forecasts presented here for a variety of reasons.

 

7 April 2017

As per sec. 93, para. 2, Stock Exchange Act, conwert Immobilien Invest SE (“conwert”) announces that Commerzbank Aktiengesellschaft announced the following notification on the share of voting rights on 7 April 2017 in accordance with sec. 91 et seqq. Stock Exchange Act:

In its capacity as Exchange Trustee in the Takeover Offer of Vonovia SE for conwert, Commerzbank Aktiengesellschaft transferred all of the remaining conwert shares it held, for which the Takeover Offer had been accepted during the grace period, to Vonovia SE; it thereby fell below the 5% and 4% thresholds pursuant to sec. 91 para. 1, Stock Exchange Act.

7 April 2017

As per sec. 93, para. 2, Stock Exchange Act, conwert Immobilien Invest SE (“conwert”) announces that Bankhaus Neelmeyer AG, with its corporate seat in Bremen, Germany, announced the following notification on the share of voting rights and additional information on 7 April 2017 in accordance with sec. 91 et seqq. Stock Exchange Act:

In its capacity as Exchange Trustee in the Takeover Offer of Vonovia SE for conwert Bankhaus Neelmeyer AG transferred all of the remaining conwert shares it held, for which the Takeover Offer had been accepted during the grace period, to Vonovia SE; it thereby fell below the 5% and 4% thresholds pursuant to sec. 91 para. 1, Stock Exchange Act.

The chain of controlled undertakings through is as follows starting with the ultimate controlling legal entity:

  1. Bremer Kreditbank AG
  2. Bankhaus Neelmeyer AG, directly controlled by 1.

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