EANS-Adhoc: immigon portfolioabbau ag / immigon portfolioabbau ag purchases a part of the hybrid capital notes issued by Investkredit Funding Ltd. (ISIN DE 0009576108) and starts a purchase offer for the outstanding hybrid capital notes (1 December 2016)
The management board (Vorstand) of immigon portfolioabbau ag (formerly Österreichische Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p ("immigon") has, in compliance with the statutory wind-down obligation, resolved to accept a purchase offer from two holders (affiliated with each other) of a total nominal value of at least EUR 12,538,000.00 and a maximum of EUR 12,618,000.00 of the hybrid capital notes (ISIN DE 0009576108) (the "Hybrid Capital Notes") issued by Investkredit Funding Ltd. for cash at a price of 75 per cent. of the nominal value of the Hybrid Capital Notes, which totals more than 50 per cent. of the total outstanding issue of Hybrid Capital Notes. The principal held by the other investors in respect of the totally issued amount of the Hybrid Capital Notes amounts to at least EUR 12,451,000.00 and a maximum of EUR 12,531,000.00 after immigon's purchase.