EQS-News: Flughafen Wien AG: The Management Board of Flughafen Wien AG continues to advise its shareholders not to accept the purchase offer of IFM Global Infrastructure Fund

EQS-News: Flughafen Wien AG / Key word(s): Statement
Flughafen Wien AG: The Management Board of Flughafen Wien AG continues to
advise its shareholders not to accept the purchase offer of IFM Global
Infrastructure Fund

03.10.2022 / 09:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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The Management Board of Flughafen Wien AG continues to advise its
shareholders not to accept the purchase offer of IFM Global Infrastructure
Fund – Shareholders who have already accepted the offer, but who would
like to be in full control of their shares again due to the long timeline
in the amendments to the offer therefore need to object to the amendments
to the offer

The published amendments to the partial offer by the Bidder do not contain
any noteworthy improvements for the shareholders and therefore do not
alter the Management Board’s prior assessment.

While the purchase bid is a vote of confidence in the Target’s
performance, the by only one euro increased offer price of € 34 per share
is considered too low in view of the anticipated continued positive
performance of the company, which currently has zero debt and is
performing well. In this context the Management Board also would like to
point out the new guidance (published on 29 September 2022) which compared
to the guidance of 2 August 2022 now forecasts the net profit to improve
to over € 115 million (previously: over € 100 million).

Furthermore, the Management Board still anticipates the risk that
acceptance of the Offer will further impair the liquidity and thus the
tradability of the shares, potentially ultimately leading to the shares
being delisted, which the Management Board does not wish for.

Shareholders who do not wish to wait for the delayed payment date and who
wish to be in full control of their shares again can therefore object to
the amendments by 6 October, which will result in the withdrawal of their
acceptance of the offer. 

Finally, the Management Board would like to point out that only the
shareholder can actually make an assessment as to whether the offer is
advantageous or not, based on the shareholder’s own individual situation
(purchase price, long-term or short-term investment, appraisal of the
future development of the company etc.). However, the expected future
development of the capital market and the Vienna Stock Exchange also plays
a major role. In this case, the situation may be different for small
private investors than for institutional investors.

The complete texts of the supplements of the opinions issued by the
Management Board and Supervisory Board will be available on the website of
Flughafen Wien AG at
[1] www.viennaairport.com/partial_takeover_offer_ifm_2022  

Contact:

Press Office of Flughafen Wien AG
Peter Kleemann, Company Spokesman
Tel.: (+43-1-) 7007-23000
E-mail: [2]p.kleemann@viennaairport.com
Website: [3] www.viennaairport.com
[4]facebook.com/flughafenwien Christian Schmidt
Head of Investor Relations
Flughafen Wien AG
Tel.: +43 1 7007/23126
E-mail: christian.schmidt@viennaairport.com

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03.10.2022 CET/CEST This Corporate News was distributed by EQS Group AG.
www.eqs.com

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Language: English
Company: Flughafen Wien AG
Postfach 1
1300 Wien-Flughafen
Austria
Phone: +43-1-7007/23126
Fax: +43-1-7007/23806
E-mail: investor-relations@viennaairport.com
Internet: http://www.viennaairport.com
ISIN: AT00000VIE62
WKN: A2AMK9
Indices: ATX PRIME
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Munich, Stuttgart, Tradegate Exchange; London,
Nasdaq OTC, Vienna Stock Exchange (Official Market)
EQS News ID: 1454947

 
End of News EQS News Service

1454947  03.10.2022 CET/CEST

References

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2. p.kleemann@viennaairport.com
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