27.03.2017
Vonovia SE DE000A1ML7J1
DGAP-News: Vonovia SE: 93.09 % of conwert shareholders accept Vonovia's takeover offer
DGAP-News: Vonovia SE / Key word(s): Offer
Vonovia SE: 93.09 % of conwert shareholders accept Vonovia's takeover offer
(news with additional features)
27.03.2017 / 18:18
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (IN WHOLE OR IN PART) IN, INTO
OR FROM ANY OTHER JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF SUCH
JURISDICTION. THIS ANNOUNCEMENT IS NEITHER AN OFFER TO EXCHANGE, SELL OR
PURCHASE NOR A SOLICITATION OF AN OFFER TO EXCHANGE, SELL OR PURCHASE
SHARES.
93.09 % of conwert Shareholders Accept Vonovia's Takeover Offer
Bochum, March 27, 2017 -The voluntary public takeover offer by Vonovia SE
("Vonovia") to all shareholders of conwert Immobilien Invest SE, Vienna
("conwert"), has ended. The extended acceptance period lapsed on 23 March
2017, 17:00 hours (CET) in the course of which 21,965,224 additional conwert
shares were tendered into the takeover offer. The offer, therefore, was
accepted with respect to a total of 94,867,722 conwert shares. This
corresponds to approximately 93.09 % of the entire share capital and the
outstanding voting rights in conwert.
In the course of the entire takeover offer, 87.57 % of all conwert shares
were tendered into the cash offer and 5.52 % into the exchange offer.
The combination of Vonovia and conwert will create a company with a
portfolio comprising around 355,000 residential units. Conwert has around
24,500 units, mainly in Leipzig, Berlin, Potsdam, Dresden and Vienna.
The settlement of the offer for the shares tendered during the extended
acceptance period is expected to take place in the beginning of April 2017.
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 392,000 residential units in all
of Germany's attractive cities and regions. Its portfolio is worth more than
EUR 27 billion. As a modern service company, Vonovia focuses on customer
orientation and tenant satisfaction. Offering tenants affordable, attractive
and livable homes is a prerequisite for the company's successful
development. Accordingly, Vonovia makes long-term investments in the
maintenance, modernization and senior-friendly conversion of its properties.
The company will also be creating more and more new apartments by realizing
infill developments and adding on to existing buildings.
The company, which is based in Bochum, has been listed on the stock exchange
since 2013 and on the DAX 30 since September 2015. Vonovia SE is also listed
on the international indices STOXX Europe 600, MSCI Germany, MSCI Germany,
GPR 250 and EPRA/NAREIT Europe. Vonovia has a workforce of approximately
7,400 employees.
Additional Information:
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Düsseldorf, Germany; Düsseldorf Local
Court, HRB 68115
Business address of Vonovia SE: Philippstrasse 3, 44803 Bochum, Germany
This press release has been issued by Vonovia SE (Vonovia) solely for
information purposes. Moreover, it is neither an offer to exchange, sell or
purchase nor a solicitation to exchange, sell or purchase Vonovia shares or
shares of conwert Immobilien Invest SE (conwert). The conditions and further
provisions relating to the takeover offer are published in the offer
document which has been published on 17 November 2016. Investors and holders
of conwert shares are strongly recommended to review the offer document and
all other documents related to the takeover offer, as they contain important
information. The voluntary public takeover offer will continue to be
conducted solely on the basis of the applicable provisions of the Austrian
law, especially the Austrian Takeover Code. It is not being and will not be
conducted in accordance with the legal provisions of jurisdictions other
than Austria.
This press release may contain statements, assumptions, opinions and
predictions about the anticipated future development of Vonovia
("forward-looking statements") that reproduce various assumptions regarding
results derived from Vonovia's current business or from publicly available
sources that have not been subject to an independent audit or in-depth
evaluation by Vonovia and that may turn out to be incorrect at a later
stage. All forward-looking statements express current expectations based on
the current business plan and various other assumptions and therefore come
with risks and uncertainties that are not insignificant. All forward-looking
statements should not therefore be taken as a guarantee for future
performance or results and, furthermore, do not necessarily constitute
appropriate indicators that the forecast results will be achieved. All
forward-looking statements relate solely to the day on which this press
release was issued to its recipients. It is the responsibility of the
recipients of this press release to conduct a more detailed analysis of the
validity of forward-looking statements and the underlying assumptions.
Vonovia accepts no responsibility for any direct or indirect damages or
losses or subsequent damages or losses, as well as penalties that the
recipients may incur by using the press release, its contents and, in
particular, all forward-looking statements or in any other way, as far as
this is legally permissible. Vonovia does not provide any guarantees or
assurances (either explicitly or implicitly) in respect of the information
contained in this press release. Vonovia is not obliged to update or correct
the information, forward-looking statements or conclusions drawn in this
press release or to include subsequent events or circumstances or to report
inaccuracies that become known after the date of this press release.
The shares referenced herein have not been and will not be registered under
the U.S. Securities Act of 1933, as amended (Securities Act), or with any
securities regulatory authority of any state or any other jurisdiction of
the USA. Securities may only be offered or sold within the USA pursuant to,
or in a transaction not subject to or exempt from, the registration
requirement of the Securities Act. There will be no public offering in the
USA. If Vonovia shares may, in Vonovia's opinion, not be offered or
delivered to a U.S. shareholder according to the U.S. Securities Act of
1933, such U.S. shareholder that validly accepts the offer will receive, in
lieu of Vonovia shares to which it would otherwise be entitled the net cash
proceeds of the sale of such Vonovia shares in euro.
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=NOTOSWMQGK
Document title: 93.09 % of conwert Shareholders Accept Vonovia's Takeover
Offer
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27.03.2017 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Vonovia SE
Universitätsstraße 133
44803 Bochum
Germany
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: [email protected]
Internet: www.vonovia.de
ISIN: DE000A1ML7J1
WKN: A1ML7J
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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558631 27.03.2017
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