DGAP-Adhoc: IVG Immobilien AG: Creditors and shareholders approve the insolvency plan

DGAP-Adhoc: IVG Immobilien AG: Creditors and shareholders approve the 
insolvency plan

IVG Immobilien AG  / Key word(s): Miscellaneous

20.03.2014 17:14

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Bonn, 20 March 2014 - In IVG Immobilien AG's insolvency plan proceedings, a
majority of those involved approved the insolvency plan prepared by the
Board of Management today at the discussion and voting meeting set by the

All of the groups formed as part of the insolvency plan proceedings
approved the insolvency plan. Within the individual groups, the insolvency
plan was adopted by the creditors and shareholders either unanimously or by
a large majority.

The creditors approved the plan with a total of 99.47% of votes, while the
shareholders approved it with 56.93% of votes.

The insolvency plan now only requires confirmation by the insolvency court.

The insolvency plan stipulates payment of an insolvency ratio of at least
60% to non-subordinated unsecured creditors. Former shareholders'
pre-emption rights have been excluded for the capital increases planned
after a capital reduction to zero. No provision has been agreed in the
insolvency plan for subordinated creditors.

After the insolvency plan has been confirmed by the court and has
subsequently become legally effective, implementation of the capital
measures is planned for mid-2014. The company currently expects that the
insolvency proceedings can be lifted in the third quarter of 2014.

20.03.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
Company:      IVG Immobilien AG
              Zanderstr. 5-7
              53177 Bonn
Phone:        +49 (0)228 844-400
Fax:          +49 (0)228 844-372
E-mail:       ir@ivg.de
Internet:     www.ivg.de
ISIN:         DE0006205701, DE000A0JQMH5
WKN:          620570, A0JQMH
Listed:       Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
              Standard), München; Freiverkehr in Hamburg, Hannover,
End of Announcement                             DGAP News-Service
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