| Offeree company | S IMMO AG (FN 58358x) |
|---|---|
| ISIN | AT0000795737 and AT0000630694 |
| Offeror | S IMMO AG |
| Acceptance period | 21 May to 06 Jul 2014, 15. hrs. Vienna local time |
| Offer price | EUR 79.11 per profit-sharing certificate |
| Offer volume | 1,140,000 S IMMO profit-sharing certificates |
| Premium | Premium with respect to ISIN AT0000795737: 1.69% (3M); 1.38% (6M); 3.06% (12M) Premium with respect to ISIN AT0000630694: 2.39% (3M); 1.23% (6M); 1.76% (12M) |
| Paying agent | Erste Group Bank AG, Am Graben 21, 1010 Wien |
| Share held by bidder prior to announcement of offer | 0% |
| Exchange ratio: | Based on the exchange ratio of 1:0.15822 (= exchange price of the S IMMO profit-sharing certificate to the nominal value of the partial debt security), the exchange offer can only be accepted by holders of profit-sharing certificates who own at least seven units of S IMMO profit-sharing certificates (either ISIN AT0000795737 or ISIN AT0000630694). The fractions resulting from the submittal of S IMMO profit-sharing certificates due to the exchange ratio are settled in cash when the deal is executed (cash settlement). (See section 3.3 of the Offer Document) |
| Partial bid | The offer is addressed to all holders of the 2,280,797 units of outstanding S IMMO INVEST profit-sharing certificates made up of 1,284,065 profit-sharing certificates with identical features and the code ISIN AT0000795737 and of 996,732 profit-sharing certificates with the code ISIN AT0000630694 (together “S IMMO profit-sharing certificates”). Due to the limited offer volume of 1,140,000 S IMMO profit-sharing certificates, it is not possible to exchange the entire outstanding volume of the profit-sharing capital within the scope of the exchange offer, but only a share of 49.98%. The limited offer volume does not rule out in any way that each of the holders of profit-sharing certificates may submit all S IMMO profit-sharing certificates for acceptance in this exchange offer. Should S IMMO receive in total more than 1,140,000 S IMMO profit-sharing certificates valid for acceptance, or, if within the scope of the exchange offer the issue ‘Anleihe 2014’ is oversubscribed, a reduction in the allocation of the S IMMO profit-sharing certificates submitted for acceptance is possible based on the allocation rules pursuant to section 5.5. |
Downloads
Documents only available in German
Announcement of the Result (12 Jun 2014)
Report of the Expert of the Offeree Company pursuant to § 9 and §§ 13 ff Takeover Act (21 May 2014)
Exhibit 1, Terms of the Profit-sharing Certificates (21 May 2014)
Exhibit 2, S IMMO Bond Terms (21 May 2014)
Exhibit 3, Capital Market Prospectus (21 May 2014)