DGAP-Ad-hoc: BUWOG AG / Key word(s): Squeeze Out Wien, 16. November 2018 Ad hoc-Announcement Squeeze-out of minority shareholders of BUWOG AG registered Vienna, 16. November 2018. The squeeze-out of the minority shareholders was registered today by the Commercial Court of Vienna pursuant to the Austrian Squeeze-Out Act, which has been resolved in the ordinary shareholders' meeting of BUWOG AG (BUWOG) on October 2, 2018. Therefore, as of today all shares held by the minority shareholders will be transferred by operation of law to the principal shareholder, Vonovia SE.
The resolution of the Commercial Court of Vienna will be effective as of today. Therefore, issued bearer shares held by the minority shareholders will, as today, merely evidence the claim for payment of the cash compensation.
The minority shareholders concerned will receive a cash compensation amounting to EUR 29.05 per BUWOG-share which will be paid out in line with the statutory requirements. As from today trading BUWOG shares on the stock exchange will not be possible anymore. About the BUWOG Group
For further information, please contact: [e] investor@buwog.com [t] +43 1 87828-1327 Contact: Petra Klein Assistant to the CEO investor@buwog.com T +43 (0) 1 87828 1327
16-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | BUWOG AG |
Hietzinger Kai 131 | |
1130 Wien | |
Austria | |
Phone: | +43 1 87 8281130 |
Fax: | +43 1 87 8285299 |
E-mail: | investor@buwog.com |
Internet: | www.buwog.com |
ISIN: | AT00BUWOG001 |
WKN: | A1XDYU |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
End of Announcement | DGAP News Service |
747063 16-Nov-2018 CET/CEST