BUWOG AG, AT00BUWOG001

BUWOG AG, AT00BUWOG001

12.08.2018 - 12:43:55

BUWOG AG: Cash compensation for BUWOG's minority shareholders set at EUR 29.05 per share

Vienna, 12 August 2018Ad hoc-Announcement

Cash compensation for BUWOG's minority shareholders set at EUR 29.05 per share

Vienna, 12 August 2018. BUWOG AG ("BUWOG") announces that, today, the board of directors of BUWOG and Vonovia SE ("Vonovia") as main shareholder of BUWOG, have jointly set the adequate cash compensation to be paid to BUWOG's minority shareholders in the course of the initiated squeeze-out proceedings to EUR 29.05 per share. Furthermore, Vonovia's and BUWOG's boards of directors have resolved on the joint report pursuant to sec 3 para 1 of the Austrian Squeeze-Out Act ("GesAusG"). The accuracy of the joint report as well as the adequacy of the cash compensation are subject to an examination and confirmation by Grant Thornton Unitreu GmbH Wirtschaftsprüfungs- und Steuerberatungsgesellschaft as court-appointed expert. The ordinary shareholders' meeting of BUWOG, which will, among others, resolve on the transfer of shares of the minority shareholders to the main shareholder against payment of an adequate cash compensation, is expected to be held on 2 October 2018.  

About the BUWOG Group BUWOG AG, Hietzinger Kai 131, 1130 Vienna, Austria, is the leading German-Austrian full-service provider in the residential property business and now looks back on 67 years of expertise. Its property portfolio encompasses more than 48,800 units and is located in Germany and Austria. In addition to Asset Management, the entire value chain of the residential sector is covered by Property Sales and Property Development. The shares of BUWOG AG (ISIN AT00BUWOG001) have been listed on the stock exchanges in Frankfurt am Main, Vienna and Warsaw since the end of April 2014. The primary shareholder of BUWOG AG is the DAX 30-listed Vonovia SE, Germany's leading residential company nationwide.For additional information please contact:INVESTOR RELATIONS

Patrick Kramreither BUWOG AG Email: investor@buwog.com T +431878281780

MEDIA INQUIRIES Michael Lippitsch BUWOG AG Email: communications@buwog.com T: +43-664 60928 1710

Contact: Patrick Kramreither Capital Market Financing Specialist Corporate Finance & Investor Relations Patrick.Kramreither@buwog.com T +43 (0) 1 87828 1780

12-Aug-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: BUWOG AG Hietzinger Kai 131 1130 Wien

Austria Phone: +43 1 87 8281130 Fax: +43 1 87 8285299 E-mail: investor@buwog.com Internet: www.buwog.com ISIN: AT00BUWOG001 WKN: A1XDYU Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market)   End of Announcement DGAP News Service

713267  12-Aug-2018 CET/CEST

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