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Provider: Reuters Investment Profile
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Immofinanz AG to Repurchase Own Shares


Monday, 8 Oct 2012 08:37am EDT 

Immofinanz AG announced that the authorization of the Executive Board of the 18th ordinary shareholders' meeting held on September 28, 2011 to repurchase treasury shares shall be revoked and the Executive Board shall be authorized for a time period of 30 months starting with the date of the resolution, with the consent of the Supervisory Board, to repurchase treasury shares in the Company up to 10% of its share capital, also with repetitive utilization of the 10% threshold, both via the stock exchange and off-exchange, also excluding the shareholders' right to a pro-rata disposal of their shares. The authorization may be exercised in total or partially or also in several tranches and in pursuit of one or several purposes. The consideration per share must not be below the limit of EUR 0.10. The consideration per share to be paid shall not be higher than 15% of the average of the volume weighted daily closing prices of the previous ten trading days of the shares at the Vienna Stock Exchange. 

Company Quote

2.343
-0.057 -2.38%
20 Aug 2014