|
BUWOG AG / Key word(s): Capital Increase
02-Jun-2017 / 08:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP-Adhoc: BUWOG AG successfully completes capital increase
|
|
Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by DGAP, a service of EQS Group AG, with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement.
|
|
| Capital measures/Cash capital increase |
|
| 02 June 2017 |
|
NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA
|
|
BUWOG AG successfully completes capital increase
|
|
| - Total of 12,471,685 new BUWOG shares placed at a price of EUR 24.50 per new share |
|
- Gross proceeds of in aggregate EUR 305.6 million generated for BUWOG
|
|
| In the course of its capital increase successfully completed today, 2 June 2017, BUWOG AG, Hietzinger Kai 131, 1130 Vienna, ("BUWOG") placed a total of 12,471,685 new BUWOG shares (ISIN AT00BUWOG001) at a subscription and offer price of EUR 24.50 per new BUWOG share. |
|
| Trading of the New Shares on the Official Market (Amtlicher Handel) of the Vienna Stock Exchange, the Regulated Market (regulierter Markt) of the Frankfurt Stock Exchange and on the Main Market (Rynek podstawowy) of the Warsaw Stock Exchange is expected to commence on or about 7 June 2017, subject to registration of the capital increase in the commercial register. |
|
| Total gross proceeds of the capital increase amounted to in aggregate approximately EUR 305.6 million. BUWOG intends to use the net proceeds from the issuance of the new BUWOG shares for purposes of financing further growth, particularly through acquisitions of land plots in Berlin, Hamburg and Vienna for both, the Company's development-to-hold as well as its development-to-sell strategies as well as for acquisitions and general business purposes. |
|
In connection with the Offering, Deutsche Bank Aktiengesellschaft and Goldman Sachs International as Global Coordinators as well as Joh. Berenberg, Gossler & Co. KG, Erste Group Bank AG, Kempen & Co N.V. and Société Générale Corporate & Investment Banking as Joint Bookrunners were supporting BUWOG on this transaction.
|
|
About BUWOG Group
BUWOG AG, Hietzinger Kai 131, 1130 Vienna, Austria, is the leading German-Austrian full-service provider in the residential property business and now looks back on 65 years of expertise. Its high quality property portfolio encompasses approximately 50,700 units and is distributed between Germany and Austria. In addition to asset management (sustainable leasing and portfolio management), the entire value chain of the residential sector is covered by the sales (profitable sale of individual flats as well as properties and portfolios) and development (planning and construction of new buildings in Berlin, Hamburg and Vienna) segments. The shares of BUWOG AG (ISIN AT00BUWOG001) have been listed on the Frankfurt, Vienna (ATX) and Warsaw stock exchanges since the end of April 2014. The issued convertible bond 2016-2021 (ISIN AT0000A1NQH2) is listed on the Third Market (MTF) of the Vienna Stock Exchange.
|
|
| Legal Notice / Disclaimer: This document serves marketing purposes in Austria. The offer of securities of BUWOG AG in Austria is being made solely by means and on the basis of the published prospectus prepared in accordance with the provisions of the Austrian Capital Markets Act, which is available free of charge at BUWOG AG (Hietzinger Kai 131, 1130 Vienna, Austria) and on BUWOG's website www.buwog.com/en/investor-relations/shares/capital-increase-2017. |
|
| This document should not be distributed, published or reproduced, in whole or in part, nor should its contents be disclosed by recipients to any other persons other than that person's professional adviser. This document may not be circulated or distributed, nor may any interests in connection with this document be offered or sold, whether directly or indirectly, to any person in any jurisdiction other than investors to whom the distribution of such information or the offer or sale of such interests are permitted under applicable laws and regulations, and where applicable any exemptions which must be relied upon in order to distribute such information or offer or sale such interests have been, or will be (as applicable) relied upon. |
|
| These materials are not an offer of securities for sale in the United States. The securities to which these materials relate have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of the securities in the United States. |
|
| These materials are not an invitation nor are they intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended ("FSMA"). These materials are directed only at (i) persons in member states of the European Economic Area (the "EEA") who are "qualified investors" within the meaning of Article 2(1)(e) of the EU Prospectus Directive (Directive 2003/71/EC as amended) and includes any relevant implementing measure in each relevant member state of the EEA) (the "Qualified Investors");; or (ii) persons in the United Kingdom that are Qualified Investors" that are also persons who (a) have professional experience in matters relating to investments and who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"); or (b) are high net worth companies, unincorporated associations and other persons to whom article 49(2) (a) to (d) of the Financial Promotion Order applies; or (c) are persons to whom it may otherwise be lawfully communicated (all such persons together being referred to as "Relevant Persons"). If you are not a Relevant Person, you will not be eligible to participate in the offering, and you should not act upon, or rely on, this announcement. The securities or any investment or controlled activity to which such securities relate are only available to, and will be engaged in only with, Relevant Persons. |
|
Contact:
Holger Lueth
Managing Director Corporate Finance & Investor Relations
holger.lueth@buwog.com
T +43 (0) 1 87828 1203
02-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
|
