DGAP-News: IVG Immobilien AG / Key word(s): Corporate Action/Capital
Increase
IVG Immobilien AG: IVG capital increase successfully completed
15.12.2011 / 09:42
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The information contained herein is not for publication or distribution,
directly or indirectly, in or into the United States of America, Canada,
Japan or Australia.
IVG capital increase successfully completed
- Successful capital increase highlights confidence in IVG's strategy
- Gross proceeds of EUR145.5m
- Subscription ratio of 97.4 percent (including binding acquisition
commitment) after subscription rights period - meanwhile all new shares
successfully placed
- Proceeds shall be used for investments into profitable caverns business
and hereby a further debt reduction for the company in the mid-term
Bonn/Frankfurt am Main, 15 December 2011: IVG Immobilien AG (ISIN
DE0006205701) today successfully closed its capital increase.
Yesterday, the company successfully completed its subscription rights
period for the authorized capital increase via cash contribution. With the
subscription period ending on December 14, 2011 97.4 percent (including the
exercise of binding acquisition commitments) equaling 67,456,512 new shares
were subscribed at EUR 2.10 per each new share.
The residual amount of 1,827,373 new shares (which equals 2.6 % of the
offer), were offered in Germany and outside Germany (with the exception of
Japan, Canada and Australia) via a private placement to qualified investors
for EUR 2.10 per new share by Berenberg Bank. Berenberg Bank, COMMERZBANK
Aktiengesellschaft and UBS Limited acted as Joint Global Coordinators in
this transaction. Together with UniCredit Bank AG the consortium acted as
Joint Bookrunners.
In total 69,283,885 new shares have been placed. The gross proceeds for the
company equal around EUR145.5m.
The new shares are expected to be admitted to trading on the Frankfurt
stock exchange as well as on the stock exchanges in Berlin, Dusseldorf and
Munich on Monday December 19, 2011.
'We thank our existing and new shareholders for the proof of trust in the
strategy of IVG. With this successful capital increase we have reached a
solid basis for an accelerated deleveraging and sustainable, profitable
growth of IVG in the medium term. With a majority of the proceeds to be
invested in the profitable caverns business IVG will be able to exploit its
value potentials most effectively. This together with the intended sales
program will decrease IVG's loan-to-value ratio to a level which should be
in line with industry standards in the medium term', says Dr Wolfgang
Schäfers, CEO of IVG Immobilien AG.
Further information will be available under:
IVG Immobilien AG
Investor Relations
Tel. +49 (0)228 844-400
Email: ir@ivg.de
Media Relations
Tel. +49 (0)228 844-300
Email: info@ivg.de
This publication constitutes neither an offer to sell nor a solicitation to
buy or subscribe to securities. Any such offer will be made solely on the
basis of the Securities Prospectus to be published and registered with the
German Financial Supervisory Authority (BaFin). The information legally
required to be provided to investors is contained only in the Securities
Prospectus. The Securities Prospectus will be available from the Issuer
during normal business hours starting on a yet to be determined date.
The information contained herein is not for distribution, directly or
indirectly, in or into the United States of America (including its
territories and possessions or any State of the United States of America or
the District of Columbia) and must not be distributed to U.S. persons (as
defined in Regulation S under the U.S. Securities Act of 1933, as amended
('Securities Act')) or publications with a general circulation in the
United States of America. This publication does not constitute or form part
of any offer or solicitation to purchase or subscribe for securities in the
United States of America. The securities have not been and will not be
registered under the Securities Act and may not be offered or sold in the
United States of America absent registration or an exemption from
registration under the Securities Act, as amended. The Issuer does not
intend to register any portion of the offering in the United States of
America or to conduct a public offering of the securities in the United
States of America.
This publication is not an offer of securities for sale in the United
States of America, Canada, Japan or Australia.
End of Corporate News
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15.12.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: IVG Immobilien AG
Zanderstr. 5-7
53177 Bonn
Germany
Phone: +49 (0)228 844-333
Fax: +49 (0)228 844-372
E-mail: ir@ivg.de
Internet: www.ivg.de
ISIN: DE0006205701
WKN: 620570
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), München; Freiverkehr in Hamburg, Hannover,
Stuttgart
End of News DGAP News-Service
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149869 15.12.2011
DGAP-News: IVG Immobilien AG: IVG capital increase successfully completed
| Source: EQS Group AG