12.03.2018
Vonovia SE DE000A1ML7J1
DGAP-Adhoc: Vonovia SE surpasses 50% acceptance threshold in BUWOG takeover offer
DGAP-Ad-hoc: Vonovia SE / Key word(s): Mergers & Acquisitions/Offer
Vonovia SE surpasses 50% acceptance threshold in BUWOG takeover offer
12-March-2018 / 18:15 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
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 OR PURCHASE
NOR A SOLICITATION OF AN OFFER TO EXCHANGE OR PURCHASE SHARES OR CONVERTIBLE
BONDS.
Disclosure of inside information pursuant to
Article 17 of the Regulation (EU) No 596/2014
Vonovia surpasses 50% acceptance threshold in BUWOG takeover offer
Bochum, 12 March 2018 - Vonovia SE ("Vonovia") has surpassed the minimum
acceptance threshold of 50% plus 1 share for its takeover offer for BUWOG
AG, Vienna ("BUWOG") at the end of the initial acceptance period today at
17:00 hours. Vonovia therefore confirms that its offer has been successful.
Based on the latest information, 73.7% of all BUWOG shares have been
tendered. The final results will be determined after expiry of the
subsequent booking period on 14 March 2018, 17:00 hours, and will be
published on Vonovia's website (en.vonovia-tob.de) on 15 March 2018 and in
the Wiener Zeitung on 16 March 2018.
The additional acceptance period will commence on 16 March 2018 and end on
18 June 2018 at 17:00 hours.
Both the Austrian Federal Competition Authority and the German Federal
Cartel Office have already cleared the transaction. The closing condition
regarding the absence of adverse external market influence already occurred
on 6 March 2018. The settlement of the offer for shares and convertible
bonds tendered during the initial acceptance period is expected to occur on
26 March 2018 and for shares and convertible bonds tendered during the
additional acceptance period for end of June 2018.
About Vonovia
Vonovia SE is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 347,000 residential units in all
of Germany's attractive cities and regions. Its portfolio is worth
approximately EUR 33.4 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 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, GPR 250 and
EPRA/NAREIT Europe. Vonovia has a workforce of approximately 8,400
employees.
Additional Information
Approval: Regulated Market/Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Bochum, Germany, Bochum Local Court,
HRB 16879
Registered address of Vonovia SE: Universitätsstraße 133, 44803 Bochum,
Germany
Important Information
This ad hoc announcement has been issued by Vonovia SE (Vonovia) solely for
information purposes. Moreover, it is neither an offer to purchase nor a
solicitation to sell securities of BUWOG AG (BUWOG). The final conditions
and further provisions relating to the takeover offer are contained in the
offer document. Vonovia as bidder reserves the right to deviate from the
terms presented herein in the final terms and provisions of the takeover
offer. Investors and holders of shares or convertible bonds in BUWOG are
strongly recommended to review the offer document and all other documents
related to the takeover offer, as they will contain important information.
In accordance with Austrian and European law, the takeover offer to acquire
a controlling interest will be conducted solely on the basis of the
applicable provisions of the Austrian law, in particular the Austrian
Takeover Act (Takeover Act). The intended takeover offer is not made or
intended to be made pursuant to the laws of any jurisdiction other than
those of Austria. With regard to the takeover offer Vonovia and the persons
acting in concert with Vonovia within the meaning of section 1 no. 6 of the
Takeover Act do not assume any responsibility for compliance with laws other
than the laws of Austria. Notifications and the publication of information
on the intended takeover offer are only intended in Austria, unless a
notification or other publication is required or permitted under the
respective laws of other jurisdictions.
To the extent permissible under applicable law or regulation, Vonovia or its
brokers may purchase, or conclude agreements to purchase, shares in BUWOG,
directly or indirectly, outside of the scope of the intended takeover offer,
before, during or after the period in which the takeover offer remains open
for acceptance. This also applies to other securities which are directly
convertible into, exchangeable for, or exercisable for BUWOG shares, such as
convertible bonds. These purchases may be completed via the stock exchange
at market prices or outside the stock exchange at negotiated conditions. Any
information on such purchases will be disclosed as required by law or
regulation in Austria.
This ad hoc announcement may contain statements, assumptions, opinions and
predictions about the anticipated future development of Vonovia or BUWOG
(forward-looking statements) that reproduce various assumptions regarding
results derived from Vonovia's or BUWOG'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 ad hoc announcement was issued to its recipients. It is the
responsibility of the recipients of this ad hoc announcement to conduct a
more detailed analysis of the validity of forward-looking statements and the
underlying assumptions.
Contact:
Vonovia SE
Rene Hoffmann
Head of Investor Relations
Telephone: +49(0)234 314 - 1629
[email protected]
Vonovia SE
Klaus Markus
Head of Corporate Communications
Telephone +49(0)234 314 - 1149
[email protected]
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12-March-2018 CET/CEST 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 Announcement DGAP News Service
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662633 12-March-2018 CET/CEST
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