Immofinanz Says S IMMO Offer Too Low, Recommends Shareholders Not Accept

• (PLX AI) - Immofinanz says S IMMO offer price too low.
• • Immofinanz Board indicates price of EUR 23.00 per share is viewed as not sufficiently attractive
• • Immofinanz Board recommends that shareholders not accept the partial offer by S IMMO for approximately 10% of the outstanding shares
• • Says offer price is substantially lower than the current EPRA NTA per share of EUR 30.77 and represents a discount of roughly 25%
• • Immofinanz says expects an increase in pre-tax FFO 1 to over EUR 135 million in 2022, whereby roughly 70% will be distributed as dividends to the company's shareholders