IMMOFINANZ AG Sets Cash Compensation for S IMMO AG's Minority Shareholders at EUR 22.05 per Share

IMMOFINANZ AG, the main shareholder of S IMMO AG, has announced a cash compensation of EUR 22.05 per share for S IMMO AG's minority shareholders. This compensation is part of the squeeze-out proceedings initiated by IMMOFINANZ.

PwC Advisory Services GmbH has prepared a valuation report that forms the basis for determining the compensation. The joint report on the squeeze-out, created by IMMOFINANZ and the Management Board of S IMMO AG, will be examined by BDO Austria GmbH, the court-appointed expert.

The squeeze-out resolution will be discussed at an Extraordinary General Meeting of S IMMO AG scheduled for 14 October 2024. Relevant documents, including the valuation report, will be available on S IMMO AG's website one month before the meeting.