EQS-Adhoc: IMMOFINANZ AG: Changes in the Executive Board

EQS-Ad-hoc: IMMOFINANZ AG / Key word(s): Real Estate/Personnel
IMMOFINANZ AG: Changes in the Executive Board

08-Jun-2022 / 18:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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IMMOFINANZ AG: Changes in the Executive Board

After the successful completion of the mandatory takeover offer of CPI
Property Group on IMMOFINANZ the Supervisory Board and the members of the
Executive Board Dietmar Reindl and Stefan Schönauer mutually agreed today
in relation to the Change of Control Event, that their contract as board
members shall end at 08^th of June 2022. Dietmar Reindl and Stefan
Schönauer will continue to work for the Company as advisors to the
Executive and Supervisory Board until 31^st of December 2022.

Radka Doehring was appointed as an Executive Board member in April 2022
and takes over the agendas from Dietmar Reindl and Stefan Schönauer. They
will continue to support her in her new role and future projects.

Dietmar Reindl has held key management positions with IMMOFINANZ since
2012 and was appointed to the Executive Board in May 2014. Stefan
Schönauer has been with IMMOFINANZ in leading positions since 2008 and was
appointed CFO in March 2016.

Miroslava Grestiakova, Chairwoman of the IMMOFINANZ Supervisory Board:
“We thank Dietmar and Stefan for their important role in repositioning
IMMOFINANZ as a successful commercial real estate player in its markets.
Their passion and efforts made IMMOFINANZ become a very innovative,
profitable and also crisis resilient Company in these challenging times.”

Martin Nemecek, Vice Chairman of the IMMOFINANZ Supervisory Board and CEO
of CPI Property Group:
“Dietmar and Stefan in their role as Executive Board Members, together
with their passionate employees, formed an outstanding real estate
company. This great success attracted CPI Property Group and we are proud
to become the major shareholder of IMMOFINANZ. I would like to thank
Dietmar and Stefan that they will be advising the Company and continue to
contribute with their experience in future projects.”

Dietmar Reindl:
“Creating the new IMMOFINANZ by realizing real estate solutions for our
clients throughout Europe was the driver of success during the last years.
Today we are specialized in creating and operating real estate brands for
the benefit of our stakeholders. Being market leader for retail parks in
Europe and frontrunner for flexible serviced office solutions are part of
the success story achieved by a highly professional team of real estate
experts and forms the “new IMMOFINANZ”. I am grateful to all stakeholders
who supported IMMOFINANZ and me on this journey. Now being part of an even
larger real estate group opens new opportunities that I am sure will be
realized and create the leading real estate company in CEE if not in
Europe!”

Stefan Schönauer:
“After more than six very exciting and sometimes also challenging years as
an Executive Board Member at IMMOFINANZ I would like to thank especially
our great IMMOFINANZ team for their hard work and all their efforts. It
was my pleasure to work with all of you and I wish you lots of success and
all the best for the future. Together we have transformed IMMOFINANZ into
a very profitable Company by reducing structural complexity and solving
many legacy issues from the past. I am proud to hand over our Company
holding a stable investment grade rating from S&P, a very strong balance
sheet with low indebtedness and an over the last years continuously
growing FFO. Thank you to all stakeholders and business partners for their
support in achieving these goals over the recent years. Finally I trust,
that with CPI Property Group IMMOFINANZ now has got a long term major
shareholder leading the Company into a stable and successful future.”

On IMMOFINANZ
IMMOFINANZ is a commercial real estate group whose activities are focused
on the office and retail segments of eight core markets in Europe:
Austria, Germany, Poland, Czech Republic, Slovakia, Hungary, Romania and
the Adriatic region. The core business covers the management and
development of properties, whereby the STOP SHOP (retail), VIVO! (retail)
and myhive (office) brands represent strong focal points that stand for
quality and service. With the new On Top Living brand, IMMOFINANZ is
expanding into sustainable and affordable living. The real estate
portfolio has a value of approximately EUR 5.2 billion and covers more
than 220 properties. IMMOFINANZ is listed on the stock exchanges in Vienna
(leading ATX index) and Warsaw. Further information under:
[1] https://www.immofinanz.com

For additional information contact:
Bettina Schragl
Head of Corporate Communications and Investor Relations
IMMOFINANZ AG
T +43 (0)1 88 090 2290
M +43 (0)699 1685 7290
[2]communications@immofinanz.com
[3]investor@immofinanz.com 1100 Vienna, Wienerbergstraße 9, Austria
www.immofinanz.com

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08-Jun-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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Language: English
Company: IMMOFINANZ AG
Wienerbergstraße 9
1100 Vienna
Austria
Phone: +43 (0) 1 88090 – 2290
Fax: +43 (0) 1 88090 – 8290
E-mail: investor@immofinanz.com
Internet: http://www.immofinanz.com
ISIN: AT0000A21KS2
WKN: A2JN9W
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Munich,
Stuttgart; Warschau, Vienna Stock Exchange (Official Market)
EQS News ID: 1371397

 
End of Announcement EQS News Service

1371397  08-Jun-2022 CET/CEST

References

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2. communications@immofinanz.com
3. investor@immofinanz.com

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