IMMO AG squeeze-out to be registered on 3 December 2024

The squeeze-out of minority shareholders in S IMMO AG, as resolved during the company’s Shareholders’ Meeting on 14 October 2024, is expected to be officially registered in the commercial register on 3 December 2024, subject to the approval of the Commercial Court of Vienna. The resolution was made under the Austrian Squeeze-Out Act (Gesellschafterausschlussgesetz).

Upon registration, the squeeze-out will become effective, transferring all shares held by minority shareholders to the main shareholder, IMMOFINANZ AG. From this date, trading in S IMMO AG shares on the Vienna Stock Exchange will cease. The final trading day is anticipated to be 2 December 2024.

Minority shareholders will receive a cash compensation of EUR 22.05 per share, as per the Shareholders’ Meeting resolution. Following the registration of the squeeze-out, S IMMO shares will be removed from the securities accounts of minority shareholders, and claim certificates will be issued to reflect their entitlement to compensation, including statutory interest. Payment of the cash compensation is expected to occur on 11 December 2024, coinciding with the removal of the claim certificates.

Custodian banks will provide detailed information to S IMMO shareholders regarding the payment process.

S IMMO AG has assured shareholders that any changes or delays to this timeline will be communicated promptly through a corporate news release. The company will also confirm the registration of the squeeze-out in the commercial register once finalized.