June 8, 2022

After the completion of the mandatory takeover offer of CPI Property Group on IMMOFINANZ, today the Supervisory Board and the members of the Executive Board Dietmar Reindl and Stefan Schönauer mutually agreed in relation to the Change of Control Event, that their contract as board members shall end on the 8th of June 2022. Dietmar Reindl and Stefan Schönauer will continue to work for the Company as advisors to the Executive and Supervisory Board until 31st of December 2022.

Under the brand “Made by Society” Vagabond Studio opened its first location abroad in one of the largest shopping centers of London. The company is the first Romanian retailer who enters British market assisted by a real-estate consultant from Romania, following an investment of approximately 800,000 Euro.