DGAP-News  396  0 Kommentare BUWOG AG: BUWOG welcomes the placement of the Sapinda stake

- Significant increase of free float and broadened shareholder base

Through yesterday's placement of all of the BUWOG shares formerly held by
Sapinda totaling 18.6% of all shares outstanding a significant increase of
BUWOG's free float has been achieved. In addition BUWOG's shareholder base
has expanded significantly through the placement to a broad range of
international investors.

"The quick take-up of the shares by the market proves the strong interest
in BUWOG's business model and its strategic positioning", says Andreas
Segal, Deputy CEO and CFO of BUWOG Group.

The largest stake in BUWOG totaling 10% is now held by IMMOFINANZ AG. These
shares, however, are intended to proportionally service convertible bonds
issued by IMMOFINANZ mostly due in 2018.

About BUWOG Group

BUWOG Group is the leading German-Austrian full-service provider in the
residential property business and now looks back on 65 years of expertise.
Its high-quality property portfolio encompasses approximately 51,300 units
and is located in Germany and Austria. In addition to the asset management
of its own standing investments the entire value chain of the residential
sector is covered by the property sales and property development segments.
The shares of BUWOG AG have been listed on the Frankfurt, Vienna and Warsaw
stock exchanges since the end of April 2014.


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20.07.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English
Company: BUWOG AG
Hietzinger Kai 131
1130 Wien
Austria
Phone: +43 1 87 8281130
Fax: +43 1 87 8285299
E-mail: investor@buwog.com
Internet: www.buwog.com
ISIN: AT00BUWOG001
WKN: A1XDYU
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Munich, Stuttgart,
Tradegate Exchange; Wien (Amtlicher Handel / Official
Market)


End of News DGAP News Service
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484121 20.07.2016