trending Market Intelligence /marketintelligence/en/news-insights/trending/2h4t_jkfw1zhuol4hbxeeg2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Immofinanz to implement 10:1 reverse stock split

Commercial Real Estate: 2020 Review

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


Immofinanz to implement 10:1 reverse stock split

Immofinanz AG plans to implement a reverse stock split to reduce its shares to 112,085,269 from 1,120,852,699.

The Vienna-based diversified commercial real estate group said the proposed reverse stock split was approved at its May annual general meeting and will have a 10:1 ratio whereby 10 existing shares will be combined into a single share. It expects the proposed split to take effect June 23.

Additionally, the company said it expects to adjust the conversion rights of its issued 2.00% convertible bond due 2024 to take the reverse stock split ratio into account.

Erste Group Bank AG Vienna will be the tender and paying agent.