immigon portfolioabbau ag - Start of a buyback programme for non-subordinated liabilities (9 July 2015)
immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p ("immigon") announced on 24 June 2015 that it began preparing a buyback programme for non-subordinated liabilities. Following the implementation of the demerger of ÖVAG and the continued operation of immigon as wind-down company (Abbaugesellschaft) pursuant to section 162 of the Austrian Federal Act on the Restructuring and Resolution of Banks (Bundesgesetzes über die Sanierung und Abwicklung von Banken) on 4 July 2015 the management board (Vorstand) of immigon has resolved on 9 July 2015 on the launch, of an invitation to holders or creditors of certain instruments to offer their outstanding instruments for purchase or prepayment (as applicable).
Instruments the subject of the tender offer constitute in total 268 non-subordinated liabilities comprising the following instruments: bonds (Anleihen), registered notes (Namensschuldverschreibungen) and Schuldscheine (the "Tender Securities"). The anticipated maximum total consideration amount is EUR 850,000,000. The offer period is expected to begin on 10 July 2015 and expire at 16.00 (London time)/ 17.00 (CET) on 28 July 2015.
The invitation to offer the Tender Securities for purchase or prepayment is solely based on the terms and subject to the conditions contained in the Tender Offer Memorandum dated 10 July 2015 which can (subject to access and offer and distribution restrictions) be obtained from the Tender Agent Citibank, N.A., London branch and the Dealer Manager Citigroup Global Markets Limited.
Details on the tender offer, the Tender Securities and their ISINs or ID-Numbers (as applicable) are, subject to access and offer and distribution restrictions, obtainable on immigon's homepage under http://www.immigon.com/investor-relations under the heading "Ad-hoc releases" or from the Tender Agent Citibank, N.A., London branch.
Mandatory information pursuant to the Austrian Publication and Announcements Regulation (Veröffentlichungs- und Meldeverordnung):
The following issues of participation capital (Partizipationskapital) of immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft) are admitted to trading on a regulated market in a Member State of the European Economic Area:
AT0000755665 Österreichische Volksbanken-AG Participation Certificates
XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital Certificates (issued by Banque de Luxembourg as trustee)
Five bonds issued by immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft) with the highest nominal volume:
Securities issued by immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft) are admitted for trading on the following stock exchanges:
Geregelter Freiverkehr of Wiener Börse AG
Amtlicher Handel of Wiener Börse AG
Regulated Market of Luxembourg Stock Exchange
Open market (Freiverkehr) of Berlin Stock Exchange
Open market (Freiverkehr) of Stuttgart Stock Exchange
Open Market (Freiverkehr) of Frankfurt Stock Exchange
immigon portfolioabbau ag
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