Vienna (pta040/30.11.2016/15:47) - conwert Immobilien Invest SE, listed on the ATX, ("conwert") announces that it has received the ruling by the Austrian Takeover Commission on the review procedure on the issue of acting in concert within the meaning of Section 1 (6) of the Austrian Takeover Act by Adler Real Estate AG with Mr Cevdet Caner and Petrus Advisers LLP.
The Takeover Commission has concluded that Adler Real Estate AG, MountainPeak Trading Limited, Cevdet Caner, Westgrund AG and Petrus Advisers Ltd qualify as parties acting in concert in the sense of the Takeover Act, that they gained a controlling stake in conwert on 29 September 2015, and that they subsequently failed to make a mandatory takeover offer in 2015.
conwert currently assumes that the ruling will not have any impact on the conduct of the ongoing voluntary takeover offer by Vonovia SE to acquire control of conwert. The ruling is not legally binding and there is a right of appeal to the Supreme Court.
This release contains forward-looking statements that were made on the basis of the information available at this time. Forward-looking statements reflect the point of view at the time they are made. We would like to point out that the actual circumstances and, consequently, the actual results realized at a later date, may differ from the forecasts presented here for a variety of reasons.(end)