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Conwert-Squeeze-Out: Vonovia offers €17.08 per share

Conwert Immobilien Invest SE announces that Vonovia SE as main shareholder of Conwert, and the administrative board of Conwert yesterday have jointly set the adequate cash compensation to be paid to Conwert's minority shareholders in the course of the initiated squeeze-out proceedings to €17.08 per share. Furthermore, Vonovia and Conwert's administrative board have resolved on the joint report pursuant to sec 3 para 1 of the Austrian Squeeze-Out Act („GesAusG").


The extraordinary shareholders' meeting of Conwert, which will resolve on the transfer of shares of the minority shareholders to the main shareholder against payment of an adequate cash compensation, is expected to be held on 29 August 2017.