Ad hoc Announcements

Court-appointed expert confirms: no share price manipulation at IMMOEAST

In proceedings before the Vienna Commercial Court an investor claimed that the price of IMMOEAST shares had been manipulated through the trading activities of former Constantia Privatbank AG (now Aviso Zeta Bank AG) in 2007 and had therefore been inflated. Court-appointed expert Dr. Christian Imo (former management board member of the Vienna Stock Exchange) denied the existence of any influence on share price. In a professional opinion presented to the parties he stated verbatim: “The present investigation showed that there was no sufficiently probable evidence that the defendant’s trading activities sustainably influenced or changed the pricing of IMMOEAST shares during the period in question”.

“Thus one central point of argumentation on the part of the investor claims concerning IMMOEAST as well as IMMOFINANZ shares has been deprived of any basis”, says attorney Dr. Andreas Zahradnik of the Vienna law firm DORDA BRUGGER JORDIS, which represents IMMOFINANZ Group. This professional opinion is also relevant for any other pending proceedings which IMMOFINANZ and IMMOEAST investors have attempted. The opinion indicates share price performance in conformity with the market for the period in question.