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20.05.2016 – 12:55

immigon portfolioabbau ag

EANS-Adhoc: immigon portfolioabbau ag
Results of the buyback programme for subordinated notes (20 May 2016)

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Results of the buyback programme for subordinated notes (20 May 2016)

On 12 April 2016 immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p
("immigon") announced the launch of a buyback programme for subordinated notes
and published the same on 13 April 2016. Creditors of a total of 14 subordinated
notes (the "Notes") were addressed and invited to offer immigon their
outstanding Notes for repurchase. On 18 May 2016, 17:00 CET the offer period
expired. The anticipated total consideration amount was EUR 150 million.

Offers received from investors comprised Notes with a total nominal volume of
around EUR 195 million. Following evaluation of offers received and prices
offered, the management board (Vorstand) of immigon resolved on 20 May 2016 to
accept offers for a total consideration amount including accrued interest of EUR
162 million. 

Details of the results of the tender offer, of offers accepted as well as of the
Notes and their ISINs are, subject to access and offer and distribution
restrictions, available on immigon's homepage under under the heading "Ad-hoc releases" or
from the Tender Agent VB Services für Banken Ges.m.b.H.

Mandatory information pursuant to the Disclosure and Notification Regulation
(Veröffentlichungs- und Meldeverordnung - VMV)

The following issues of participation capital (Partizipationskapital) of immigon
are admitted to trading on a regulated market in a Member State of the European
Economic Area:

XS0359924643 EUR 500,000,000 Perpetual Non Cumulative Participation Capital
Certificates (issued by Banque de Luxembourg as trustee)

The five exchange-listed bonds issued by immigon with the highest nominal volume
outstanding are:


Securities issued by immigon are admitted to trading on the following stock

Geregelter Freiverkehr of the Vienna Stock Exchange (Wiener Börse AG) 
Amtlicher Handel of the Vienna Stock Exchange (Wiener Börse AG) 
Regulated Market of Luxembourg Stock Exchange
Open market (Freiverkehr) of Berlin Stock Exchange
Open market (Freiverkehr) of Stuttgart Stock Exchange
Open Market (Freiverkehr) of Frankfurt Stock Exchange

Further inquiry note:
Thomas Heimhofer
immigon portfolioabbau ag
Mobil: +43 (0) 676 790 7890
Mail to:

end of announcement                               euro adhoc 

issuer:      immigon portfolioabbau ag
             Peregringasse 2
             A-1090 Wien
phone:        +43 (0)1 313 40-0
sector:      Banking
ISIN:        AT000B056544, AT000B053442,  XS0275528627, AT000B060462,
stockmarkets: free trade: Berlin, Stuttgart, regulated dealing: Luxembourg Stock
             Exchange, Regulated free trade: Wien 
language:   English

Original content of: immigon portfolioabbau ag, transmitted by news aktuell