IVG Immobilien AG takes in approximately 72m Euros in capital increase
Bonn, 21.10.2009
Not for distribution, publication or forwarding into the United States
Today, IVG Immobilien AG (ISIN DE0006205701) successfully placed 10,000,000 ordinary bearer shares with qualified investors as part of an accelerated bookbuilding process. The company increased its share capital from 116,000,000 Euros to 126,000,000 Euros, having partially used its authorized capital and excluded the subscription rights of shareholders.
The shares are priced at 7.20 Euros per share. The company will take in gross proceeds in the amount of approximately 72 m Euros. The proceeds of the issuance will serve to finance further growth of the company through selected real estate investments which have already been identified.
Dr. Wolfgang Schäfers, the CFO of IVG, explains: "We are very content with the reaction of the markets and we are very happy about the strong demand for new shares, which led to the capital increase being oversubscribed."Dr. Gerhard Niesslein, Chief Executive Officer adds: "This is further proof of the trust which our old and new shareholders have in the strategic reorientation of IVG."
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) as well as the Berlin, Düsseldorf and Munich stock exchanges and will be eligible to receive dividends from 1 January 2009.
The delivery and clearance of the new securities is anticipated to take place on Monday October 26, 2009.
Joint Lead Managers and Joint Bookrunners on the transaction are Commerzbank and UniCredit Group. Co-Managers are DZ-Bank and WestLB.
This publication constitutes neither an offer to sell nor a solicitation to buy securities. In particular, this release does not constitute an offer to sell or a solicitation of an offer to buy securities in the United States of America. The shares of IVG Immobilien AG (the "Shares") may not be offered or sold in the United States or to "U.S. persons" (as defined in Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act")) or for the account or benefit of U.S. persons absent registration or an exemption from the registration requirements of the Securities Act. The Shares have not been and will not be registered under the Securities Act. There will be no public offering of the Shares in the United States.
IVG Immobilien AG
IVG Immobilien AG is one of the major real estate companies in Europe. The company manages assets worth € 22.7 bn and is located with approx. 700 employees in 19 selected major German and European cities. Via this network of local branches, IVG manages inter alia on balance properties with a market value of € 5.1 bn. In northern Germany IVG constructs and operates underground storage caverns for oil and gas. In the fund segment IVG is the leading provider of tailored property funds for institutional investors. In combination with the closed-end funds for private investors, IVG manages funds and mandates amounting to a volume of € 15.6 bn.
Press contact
Jens Friedemann
Tel.: +49 (0)228 / 844-133
Fax: +49 (0)228 / 844-338
E-mail: jens.friedemann@ivg.de
