Immofinanz adjusts conversion price for 2% bonds after reverse split

New York, June 25 – Immofinanz AG adjusted the conversion price of its 2% convertible bonds due 2024 to reflect a reverse stock split, according to an announcement.

The new conversion price is €22.20 per share, effective June 23. Previously the price was €2.22 per share.

Immofinanz on June 23 carried out a reverse split of its stock, merging 10 existing shares into one new share.

Immofinanz is a Vienna-based real estate firm.

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