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Vonovia SE: 71.54 % of conwert shareholders accept Vonovia's takeover offer

DGAP-News: Vonovia SE / Key word(s): Mergers & Acquisitions

22.12.2016 / 10:07
The issuer is solely responsible for the content of this announcement.



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.


71.54 % of conwert shareholders accept Vonovia's takeover offer

 

Bochum, 22 December 2016 - Vonovia SE ('Vonovia') has already been able to convince a large majority of the shareholders of conwert Immobilien Invest SE, Vienna ('conwert'): The takeover offer for conwert was accepted for 72,902,498 conwert shares (i.e. 71.54 % of all conwert shares) during the initial acceptance period which ended on 19 December 2016. 70.87 % of all conwert shares were tendered into the cash offer and 0.67 % into the exchange offer.

Upon publication of these results in the Wiener Zeitung scheduled for 23 December 2016, the three months' additional acceptance period will commence during which conwert shareholders who have not yet accepted the offer may tender their conwert shares at unchanged terms. The additional acceptance period will end on 23 March 2017 at 17:00 hours CET.

The settlement of the offer for shares tendered during the initial acceptance period is expected for mid-January 2017 and for shares tendered during the additional acceptance period for early April 2017.

Visit our Website for further Information http://en.vonovia-offer.de/

About Vonovia

Vonovia SE is Germany's leading nationwide residential real estate company. Vonovia currently owns and manages around 338,000 residential units in all of Germany's attractive cities and regions. Its portfolio is worth approximately EUR 24 billion. An additional 60,000 or so third-party apartments are also managed by Vonovia. 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 7,100 employees.

Additional Information:
Approval: Regulated Market / Prime Standard, Frankfurt Stock Exchange
ISIN: DE000A1ML7J1
WKN: A1ML7J
Common code: 094567408
Registered headquarters of Vonovia SE: Münsterstraße 248, 40470 Düsseldorf, Germany
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.



22.12.2016 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.

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