As expected, the Commercial Court of Vienna today, 03 December 2024, registered the squeeze-out in accordance with the Austrian Squeeze-out Act (Gesellschafterausschlussgesetz), which was resolved at the Shareholders' Meeting of S IMMO AG on 14 October 2024, with the commercial register.
The squeeze-out took effect as of today. Therefore, today all shares held by minority shareholders were transferred by operation of law to the main shareholder, IMMOFINANZ AG. As of today, trading in shares of S IMMO AG on the stock exchange is no longer possible.
The affected minority shareholders will receive a cash compensation of EUR 22.05 per share of S IMMO AG in accordance with the resolution of the Shareholders' Meeting. As announced by the Company, the S IMMO shares will be derecognised from the securities accounts of the minority shareholders and claim certificates will be booked, which securitise the claim for cash compensation (including statutory interest). The cash compensation is expected to be paid out as scheduled with value date of 11 December 2024 concurrently against derecognition of the claim certificates.
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Note: The adequacy of the cash compensation will be reviewed by the Commercial Court (Handelsgericht Wien), respectively the valuation board (Gremium zur Bestimmung des Umtauschverhältnisses). Further information: kanzlei@anlageanwalt.de
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