IVG capital increase successfully completed
Bonn, 15.12.2011
The information contained herein is not for publication or distribution, directly or indirectly, in or into the United States of America, Canada, Japan or Australia.
- Successful capital increase highlights confidence in IVG’s strategy
- Gross proceeds of €145.5m
- 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
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 € 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 € 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 €145.5m. 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.
