S IMMO AG completes squeeze-out, minority shares transferred to IMMOFINANZ AG

The Commercial Court of Vienna has officially registered the squeeze-out of S IMMO AG, transferring all minority shareholder shares to the main shareholder, IMMOFINANZ AG. The registration, completed today, follows the resolution passed at the Shareholders’ Meeting on 14 October 2024 and brings the Austrian Squeeze-out Act (Gesellschafterausschlussgesetz) into effect.

With the squeeze-out now finalized, trading in S IMMO AG shares on the stock exchange has ceased as of today. Minority shareholders affected by the transaction will receive cash compensation of €22.05 per share, as approved during the Shareholders’ Meeting.

The company has announced that S IMMO shares will be removed from minority shareholders’ securities accounts, replaced with claim certificates securing their right to the compensation amount, including statutory interest. The cash payouts are scheduled for 11 December 2024, concurrent with the derecognition of the claim certificates.

This marks a significant step in the consolidation of IMMOFINANZ AG’s ownership of S IMMO AG, aligning with the strategic objectives set by the companies earlier this year.