alstria office REIT-AG / Key word(s): Capital Increase
22.09.2010 16:45
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Press release
- Not for release, publication or distribution in the United States,
Australia, Canada or Japan -
alstria office REIT-AG successfully executed capital increase
* Gross proceeds of EUR 49 million
* Proceeds will be used to fund future growth
HAMBURG, September 22, 2010 - alstria office REIT-AG (ISIN DE000A0LD2U1)
successfully placed 5,599,999 ordinary bearer shares with qualified
investors as part of an accelerated bookbuilding process. The company
increased its nominal share capital from EUR 56,000,000 to EUR 61,599,999,
having partially used its authorized capital and excluded the subscription
rights of shareholders.
The shares are priced at EUR 8.75 per share. The company will receive gross
proceeds in the amount of approximately EUR 49 million. The funds raised
through the capital increase - after deduction of fees and expenses in
connection with the issuance - will be used to finance further growth and
to take advantage of acquisition opportunities which are starting to be
present in the market. 'The successful capital increase is a testimony to
the confidence of investors in alstria's business model,' says Olivier
Elamine, CEO of alstria office REIT-AG. 'We are confident on the ability of
the company to seize the opportunities that we see, and put our capital at
work in accretive organic growth as well as in new external investments'.
The new shares will be admitted to trading without a prospectus on the
Regulated Market segment of the Frankfurt Stock Exchange and the
sub-segment of the Regulated Market with further post-admission obligations
of the Frankfurt Stock Exchange (Prime Standard) and will carry full
dividend rights for the year 2010.
Settlement for issuance of the new shares is anticipated to take place on
Friday September 24, 2010.
The transaction is managed by J.P. Morgan as Lead Manager and sole
bookrunner and UniCredit as Joint Lead Manager.
This publication constitutes neither an offer to sell nor a solicitation of
an offer to buy securities. In particular, this document constitutes
neither an offer to sell nor a solicitation of an offer to purchase
securities in the United States. The shares in alstria office REIT-AG (the
'shares') may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended (the 'Securities Act'). The shares have not been
and will not be registered under the Securities Act. There will be no
public offering of shares in the United States.
About alstria:
alstria office REIT-AG is an internally managed Real Estate Investment
Trust (REIT) focused solely on acquiring, owning and managing office real
estate in Germany. alstria was founded in January 2006 and was converted
into the first German REIT in October 2007. Its headquarters are in
Hamburg. alstria office REIT-AG owns a diversified portfolio of properties
across attractive German office real estate markets. Its current portfolio
comprises 74 properties with an aggregate lettable space of approx. 821,000
sqm and is valued at approximately EUR 1.4 bn. The alstria office REIT-AG
strategy is based on active asset and portfolio management as well as on
establishing and maintaining good relationships with key customers and
decision makers. alstria focuses on long-term real estate value creation.
For further information, please see: www.alstria.com
Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an
offer to buy any securities.
As far as this press release contains forward-looking statements with
respect to the business, financial condition and results of operations of
alstria office REIT-AG (alstria), these statements are based on current
expectations or beliefs of alstria's management. These forward-looking
statements are subject to a number of risks and uncertainties that could
cause actual results or performance of the Company to differ materially
from those reflected in such forward-looking statements. Apart from other
factors not mentioned here, differences could occur as a result of changes
in the overall economic situation and the competitive environment -
especially in the core business segments and markets of alstria. Also, the
development of the financial markets and changes in national as well as
international provisions particularly in the field of tax legislation and
financial reporting standards could have an effect. Terrorist attacks and
their consequences could increase the likelihood and the extent of
differences.
alstria undertakes no obligation to publicly release any revisions or
updates to these forward-looking statements to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events.
Ralf Dibbern
IR | PR
Tel: +49 - 40 - 226 341 329
Email: rdibbern@alstria.de
22.09.2010 16:45 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: alstria office REIT-AG
Bäckerbreitergang 75
20355 Hamburg
Deutschland
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info@alstria.de
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
Indices: SDAX, EPRA, German REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Berlin, Stuttgart
End of Announcement DGAP News-Service
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DGAP-News: alstria office REIT-AG:alstria office REIT-AG successfully executed capital increase
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