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31.01.2019 – 13:15

immigon portfolioabbau ag

EANS-Adhoc: immigon portfolioabbau ag notifies resolution authority of completion (ac-complishment) of wind-down of portfolio

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  Disclosed inside information pursuant to article 17 Market Abuse Regulation
  (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
  The issuer is responsible for the content of this announcement.
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Proposal to annual shareholders' meeting in May 2019 to resolve upon dissolution
and liquidation; equity as at 31 December 2018 approx EUR 775 million

Company Information
31.01.2019

Vienna - immigon portfolioabbau ag, Peregringasse 2, 1090 Vienna, FN 116476p
("immigon"), has been operating as a wind-down company pursuant to § 162 of the
Austrian Act on Recovery and Resolution of Banks (BaSAG) since July 2015. The
equity pursuant the financial statements (solo financial statements in
accordance with local Austrian GAAP pursuant to the Austrian Commercial Code) of
immigon which received an unqualified audit opinion today has, as a result of
the positive results for 2018, increased by 15 percent to approx EUR 775
million.

Since immigon has completed the wind-down of its portfolio in accordance with
applicable law and since immigon's liquid funds are sufficient in order to meet
immigon's existing and excepted future liabilities, the managing board of
immigon resolved today to notify the Financial Markets Authority (FMA) in its
capacity as resolution authority of the accomplishment (completion) of the wind-
down of its portfolio. The auditors of immigon have submitted their report
pursuant to § 84 para 11 BaSAG on the independent review of the fulfilment of
those prerequisites. If and as soon as the decision by the resolution authority
will be available in which the resolution authority will declare that the
operation of the wind-down company has ended, immigon will cease to be a wind-
down company.

immigon plans to submit a proposal to the next annual shareholders' meeting of
immigon (likely to be scheduled for 15 May 2019) to resolve on the dissolution
and liquidation of immigon; such resolution shall be passed under the condition
precedent that the resolution authority will declare by a formal decision the
ending of the operation of the wind-down company. The supervisory board of
immigon will propose to the shareholders' meeting that Ithuba Capital AG, which
has been ranked first in a tender process, as liquidator. As planned, Mr.
Stephan Koren and Mr. Michael Mendel will resign as members of the managing
board at the time when the liquidation will start. Pursuant to immigon's current
plans the liquidation of immigon will not be completed before the year 2028 and
therefore the company will not be deleted from the companies' register before
that date.




Further inquiry note:
Media contact:
Thomas Heimhofer
immigon portfolioabbau ag
mobile: +43 676 790 7890
email to: thomas.heimhofer@immigon.com


end of announcement                         euro adhoc
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issuer:       immigon portfolioabbau ag
              Peregringasse 2
              A-1090 Wien
phone:         +43 (0)1 313 40-0
FAX:          
mail:      info@immigon.com
WWW:       www.immigon.com
ISIN:         AT000B056544, AT000B053442,XS0275528627,AT000B060462,AT000B115902,
              
indexes:      
stockmarkets: Wien, Luxembourg Stock Exchange
language:     English
 

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