DD: IMMOFINANZ AG: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
December 22, 2023 at 06:44 am EST
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IMMOFINANZ AG: Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons closely associated with them
22.12.2023 / 12:42 CET/CEST
The issuer is solely responsible for the content of this announcement.
1
Details of the person discharging managerial responsibilities/person closely associated
a)
Name
CPI PROPERTY GROUP S.A.
2
Reason for the notification
a)
Position/status
The notification concerns a person closely associated with persons discharging managerial responsibilities at IMMOFINANZ AG:
The persons discharging managerial responsibilities are Mr. Martin Němeček and Mr Martin Matula, each of whom is (i) a member of the Supervisory Board of IMMOFINANZ AG and (ii) a person discharging managerial responsibilities of CPI PROPERTY GROUP S.A..
b)
Initial notification/ Amendment
Initial Notification
3
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)
Name
IMMOFINANZ AG
b)
LEI
5299000DUMZ99SBBX121
4
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)
Description of the financial instrument, type of instrument
Derivative (long call option with physical settlement for up to 2,575,000 IMMOFINANZ AG shares; the exercise period falls in the period between 9 to 24 months after effective date of the Transfer; the exercise price ("COEP") is calculated in accordance with the following formula: COEP = (NS/2,575,000*PP)+(NS/2,575,000*(PP-10,350,000)*0,0995*TD/365), where: "NS" means the amount of IMMOFINANZ AG shares for which the call option is exercised; "PP" means the purchase price (total considertation calculated as purchase price per share multiplied by number of IMMOFINANZ AG shares) for IMMOFINANZ AG shares paid to CPI PROPERTY GROUP S.A. for the Transfer; "TD" means the number of days elapsed from the effective date of the Transfer (exclusive) to the date of the effective date of transfer under the call option (exclusive); "Transfer" means the sale of 2,575,000 IMMOFINANZ AG shares by CPI PROPERTY GROUP S.A. on or after 19 December 2023.
Immofinanz AG is an Austria-based real estate company that invests in commercial properties. The Companyâs core activities are the management and development of retail and office properties in selected Central and Eastern European countries. The Company focuses its operations on such markets as Austria, Germany, the Czech Republic, Slovakia, Hungary, Slovenia, Romania and Poland. The Company manages a portfolio of approximately 240 properties, covering rentable space of approximately 1.8 million square meters. In the office sector, the Company concentrates on the capital cities of the core countries and the major office locations in Germany with its international myhive brand. The Company's activities in the retail sector are based on the brands STOP SHOP for retail parks and VIVO! for shopping centers which are designed for secondary and tertiary cities of Central and Eastern Europe.
IMMOFINANZ AG 
