Brief: Flughafen Wien Continues To Advise Its Shareholders Not To Accept The Purchase Offer Of Ifm Global Infrastructure Fund

Flughafen Wien AG

03/10/2022 08:03

Oct 3 (Reuters) - FLUGHAFEN WIEN AG  VIEV.VI :
    * THE MANAGEMENT BOARD OF FLUGHAFEN WIEN AG CONTINUES TO
ADVISE
ITS SHAREHOLDERS NOT TO ACCEPT THE PURCHASE OFFER OF IFM GLOBAL
INFRASTRUCTURE FUND
    * MANAGEMENT BOARD OF FLUGHAFEN WIEN AG CONTINUES TO ADVISE
ITS
SHAREHOLDERS NOT TO ACCEPT PURCHASE OFFER OF IFM GLOBAL
INFRASTRUCTURE FUND - SHAREHOLDERS WHO HAVE ALREADY ACCEPTED
OFFER, BUT WHO WOULD LIKE TO BE IN FULL CONTROL OF THEIR SHARES
AGAIN DUE TO LONG TIMELINE IN AMENDMENTS TO OFFER THEREFORE NEED
TO OBJECT TO AMENDMENTS TO OFFER
    * FURTHERMORE, MANAGEMENT BOARD STILL ANTICIPATES RISK THAT
ACCEPTANCE OF OFFER WILL FURTHER IMPAIR LIQUIDITY AND THUS
TRADABILITY OF SHARES, POTENTIALLY ULTIMATELY LEADING TO SHARES
BEING DELISTED, WHICH MANAGEMENT BOARD DOES NOT WISH FOR
    * SHAREHOLDERS WHO DO NOT WISH TO WAIT FOR DELAYED PAYMENT
DATE
AND WHO WISH TO BE IN FULL CONTROL OF THEIR SHARES AGAIN CAN
THEREFORE OBJECT TO AMENDMENTS BY 6 OCTOBER, WHICH WILL RESULT
IN WITHDRAWAL OF THEIR ACCEPTANCE OF OFFER
    * WHILE PURCHASE BID IS A VOTE OF CONFIDENCE IN TARGET'S
PERFORMANCE, BY ONLY ONE EURO INCREASED OFFER PRICE OF EUR 34
PER SHARE IS CONSIDERED TOO LOW IN VIEW OF ANTICIPATED CONTINUED
POSITIVE PERFORMANCE OF COMPANY, WHICH CURRENTLY HAS ZERO DEBT
AND IS PERFORMING WELL
    * IN THIS CONTEXT MANAGEMENT BOARD ALSO WOULD LIKE TO POINT
OUT
NEW GUIDANCE (PUBLISHED ON 29 SEPTEMBER 2022) WHICH COMPARED TO
GUIDANCE OF 2 AUGUST 2022 NOW FORECASTS NET PROFIT TO IMPROVE TO
OVER EUR 115 MILLION (PREVIOUSLY: OVER EUR 100 MILLION)

Source text for Eikon:  ID:nEQ80b6JMa 
Further company coverage:  VIEV.VI 
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