All Stories
Follow
Subscribe to immigon portfolioabbau ag

immigon portfolioabbau ag

EANS-Adhoc: immigon portfolioabbau ag
immigon portfolioabbau ag updates the plan and outlook for 2017 (6 December 2016)

--------------------------------------------------------------------------------
  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 solely responsible for the content of this announcement.
--------------------------------------------------------------------------------
Earnings Forecast/Company Information
06.12.2016


immigon portfolioabbau ag (formerly Österreichische
Volksbanken-Aktiengesellschaft), Peregringasse 2, 1090 Vienna, FN116476p
("immigon"), is a wind-down company in accordance with § 162 of the Federal Act
on the Recovery and Resolution of Banks ("BaSAG"). immigon reviews the legally
required wind-down plan on a regular basis. On 6 December 2016, the management
board (Vorstand) of immigon has resolved to adopt an updated plan based, inter
alia,  on the results successfully achieved so far in the wind-down. According
to this updated plan immigon expects that it will have a positive annual net
profit (Jahresüberschuss) despite negative interest income in the solo financial
statements in accordance with the Austrian Commercial Code (UGB) (i.e. results
before changes in reserves). Such profit is expected to be sufficient  to pay
interest on the outstanding supplementary capital (Ergänzungskapital), subject
to the respective terms and conditions, but not on other profit  dependent own
funds instruments, as for example the issues of ÖVAG Finance (Jersey) Limited
and Investkredit Funding Limited.

immigon as wind-down company continues to be exposed to uncertainties and risks
in its wind-down process, including, inter alia, risks related to the proceeds
achievable in the course of the sale of its assets, outstanding loans, higher
expenses and warranty claims.

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:
ISIN: 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:
ISIN: AT000B056544; AT000B053442; AT000B115902; AT000B060462; AT000B059456
Securities issued by immigon are admitted to trading on the following stock
exchanges:
Geregelter Freiverkehr 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:  thomas.heimhofer@immigon.com

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


issuer:      immigon portfolioabbau ag
             Peregringasse 2
             A-1090 Wien
phone:        +43 (0)1 313 40-0
mail:         info@immigon.com
WWW:      www.immigon.com
sector:      Banking
ISIN:        AT000B056544, AT000B053442,  XS0275528627, AT000B060462,
             AT000B115902 
indexes:     
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

More stories: immigon portfolioabbau ag
More stories: immigon portfolioabbau ag