Brief: Immofinanz Revises Guidance For FY 2022

CPI Europe AG

26/04/2022 08:52

April 26 (Reuters) - IMMOFINANZ AG  IMFI.VI :
    * REVISED GUIDANCE FOR THE 2022 FINANCIAL YEAR
    * WILL HAVE SHORT-TERM LIQUIDITY REQUIREMENTS OF APPROX. EUR
568.8
MILLION FOR ITS TWO CORPORATE BONDS WITH TERMS ENDING IN 2023
AND 2027 AS A RESULT OF CHANGE-OF-CONTROL EVENT.
    * INVESTORS HOLDING BONDS WITH TOTAL NOMINAL VALUE OF EUR
982.8
MILLION WERE ENTITLED UP TO 25 APRIL 2022 TO DEMAND REPAYMENT AT
101% OF NOMINAL AMOUNT PLUS ACCRUED INTEREST DUE TO
CHANGE-OF-CONTROL EVENT
    * REPAYMENT OF PUT BONDS WILL BE SERVICED INTERNALLY FROM
IMMOFINANZ'S LIQUID FUNDS, WHICH TOTALLED EUR 987.1 MILLION AS
OF 31 DECEMBER 2021
    * AMOUNT OF LIQUIDITY OUTFLOW HAS AN IMPACT ON GUIDANCE
PREVIOUSLY
ISSUED AND DIVIDEND PAYMENT FOR FINANCIAL YEARS 2021 AND 2022
    * PREVIOUSLY ISSUED GUIDANCE IS THEREFORE REVISED, AND
EXECUTIVE
BOARD WILL REASSESS EXPECTED DEVELOPMENT OF BUSINESS

Source text for Eikon:  ID:nEQ7yVYPMa 
Further company coverage:  IMFI.VI 

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