EANS-Adhoc: S IMMO AG / S IMMO resolves share repurchase programme

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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is solely responsible for the content of this announcement.
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Buybacks
28.09.2016

The Management Board of S IMMO AG has resolved today to start a share
repurchase programme under sec 65 para 1 fig 8 of the Austrian Stock
Corporations Act (AktG). The volume totals up to 669,171 shares (1%
of the current share capital). At present, the company holds 190,003
own shares (roughly 0.28% of the current share capital). The
repurchase programme will begin on 04 October 2016 and will end on 09
December 2016.

The purchase price must not be more than 5% higher than the average
quoted price on the Vienna Stock Exchange over the three trading days
preceding the relevant repurchase and must not exceed EUR 10.30 (thus
the maximum pecuniary amount allocated to this programme being
roughly EUR 6.9m). The share repurchase will be carried out via the
Vienna Stock Exchange/XETRA for any purpose permitted under sec 65
para 1 fig 8 of the Austrian Stock Corporations Act (AktG).

The repurchase is lead-managed by a credit institution. The credit
institution is obliged to make its trading decisions concerning the
timing of the repurchase of the issuer's shares independently of the
company and has to follow the conditions for trading as defined in
article 3 of the Commission Delegated Regulation (EU) 2016/1052 of 08
March 2016.

In accordance with sec 5 para 1 and 2 of the Austrian Publication
Order 2002 (Veröffentlichungsverordnung 2002) the following
information is made publicly available:

1. Date of the authorising resolution of the Annual General Meeting: 03
June 2016

2. The resolution was published on 03 June 2016 in accordance with sec 82
para 8 Austrian Stock Exchange Act (BörseG).

3. The share repurchase programme will begin on 04 October 2016 and will
end on 09 December 2016.

4. The repurchase relates to the ordinary bearer shares of S IMMO AG (ISIN:
AT0000652250).

5. S IMMO AG plans to repurchase up to 669,171 shares. This equals 1% of
the share capital.

6. Maximum price per share: cumulative

(i) 5% higher than the average quoted price on the Vienna Stock Exchange
over the three trading days preceding the relevant repurchase

(ii) EUR 10.30

Minimum price per share: EUR 1.00

7. The share repurchase will be carried out via the Vienna Stock
Exchange for any purpose permitted by law as specified in sec 65 para
1 fig 8 of the Austrian Stock Corporations Act (AktG).

8. The share repurchase programme does not have any effect on
the admission of S IMMO AG's shares to the stock exchange.

Note pursuant to section 5 para 4 of the Austrian Publication Order
2002 (Veröffentlichungsverordnung 2002): S IMMO AG will meet its
disclosure obligations under sections 6 and 7 of the Austrian
Publication Order 2002 (Veröffentlichungsverordnung 2002) -
concerning details on executed transactions as well as possible
changes of the repurchase programme - by disclosure on its website at
http://www.simmoag.at/en/investor-relations/share-repurchase.

This announcement serves at the same time as announcement pursuant to
sections 4 and 5 of the Austrian Publication Order 2002
(Veröffentlichungsverordnung 2002). It does not constitute a public
offer to acquire S IMMO shares and does not obligate S IMMO AG to
accept offers of S IMMO shares for repurchase.

Further inquiry note:
Investor Relations:
Andreas J. Feuerstein
phone: +43 1 22795-1125
mobile: +43 664 818 07 09
e-mail: andreas.feuerstein@simmoag.at

end of announcement euro adhoc
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issuer: S IMMO AG
Friedrichstraße 10
A-1010 Wien
phone: +43 1 22795-0
FAX: +43 1 22795-91125
mail: office@simmoag.at
WWW: www.simmoag.at
sector: Real Estate
ISIN: AT0000652250
indexes: ATX Prime, IATX
stockmarkets: official market: Wien
language: English

Original-Content von: S IMMO AG, übermittelt durch news aktuell