News
06/26/2012
Deutsche Wohnen AG generates gross proceeds of EUR 461.1 million with successful capital increase
DGAP-News: Deutsche Wohnen AG generates gross proceeds of EUR 461.1 million with successful capital increase
Deutsche Wohnen AG / Key word(s): Capital Increase
26.06.2012 / 09:23
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Not for release, publication or distribution in or into the United States, Canada, Australia or Japan
Frankfurt am Main / Berlin, June 26, 2012 - Deutsche Wohnen AG's cash capital increase from authorized capital resolved on June 11, 2012, for which the subscription period ended yesterday, has been completed successfully in a difficult market environment. The take-up quota for the offered new shares was 99.05%. The new shares not subscribed for as part of the subscription offer have entirely been placed with institutional investors in a private placement arranged by the Joint Bookrunners involved in the capital increase at EUR 12.30 per share.
Following the registration of the implementation of the capital increase with the commercial register, which is expected to take place on June 27, 2012, the company's share capital will be increased from EUR 102,300,000 by EUR 43,842,858 to EUR 146,142,858 through the issue of 43,842,858 new no par value bearer shares, each with a notional value of the company's share capital of EUR 1.00. The new shares will carry full dividend rights from the fiscal year beginning January 1, 2012. The new shares are expected to be included in the existing quotation for the company's listed bearer shares on the Frankfurt Stock Exchange on June 28, 2012.
The aggregate gross proceeds from the capital increase will amount to approximately EUR 461.1 million. Deutsche Wohnen intends to use approximately 75% of the net proceeds for financing the envisaged acquisition of the BauBeCon Group and the remainder for complementary acquisitions, in which Deutsche Wohnen is in advanced or promising negotiations, as well as for general corporate purposes.
The successful capital increase, in particular the high take-up quota of 99.05%, highlights on the one hand the trust of the shareholders in Deutsche Wohnen and demonstrates on the other hand the high attractiveness of the asset class 'residential property'.
Credit Suisse and UBS Investment Bank were acting as Joint Global Coordinators and Joint Bookrunners for the capital increase. Co-Lead Managers were DZ Bank, BayernLB, Kempen & Co and UniCredit Bank AG.
Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
International Securities Identification Numbers (ISINs): DE000A0HN5C6 / DE0006283302
Contact:
Helge H. Hehl
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com
This information constitutes neither an offer to sell nor a solicitation to buy securities of Deutsche Wohnen AG. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any). An investment decision regarding the publicly offered securities of Deutsche Wohnen AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from Deutsche Wohnen AG, Pfaffenwiese 300, 65929 Frankfurt am Main or on the Deutsche Wohnen AG website www.deutsche-wohnen.com.
This information may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This information does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of Deutsche Wohnen AG in the United States, Germany or any other jurisdiction. The securities of Deutsche Wohnen AG 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 securities of Deutsche Wohnen AG have not been, and will not be, registered under the Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Wohnen AG or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Wohnen AG does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
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26.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-507 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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26.06.2012 / 09:23
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Not for release, publication or distribution in or into the United States, Canada, Australia or Japan
Frankfurt am Main / Berlin, June 26, 2012 - Deutsche Wohnen AG's cash capital increase from authorized capital resolved on June 11, 2012, for which the subscription period ended yesterday, has been completed successfully in a difficult market environment. The take-up quota for the offered new shares was 99.05%. The new shares not subscribed for as part of the subscription offer have entirely been placed with institutional investors in a private placement arranged by the Joint Bookrunners involved in the capital increase at EUR 12.30 per share.
Following the registration of the implementation of the capital increase with the commercial register, which is expected to take place on June 27, 2012, the company's share capital will be increased from EUR 102,300,000 by EUR 43,842,858 to EUR 146,142,858 through the issue of 43,842,858 new no par value bearer shares, each with a notional value of the company's share capital of EUR 1.00. The new shares will carry full dividend rights from the fiscal year beginning January 1, 2012. The new shares are expected to be included in the existing quotation for the company's listed bearer shares on the Frankfurt Stock Exchange on June 28, 2012.
The aggregate gross proceeds from the capital increase will amount to approximately EUR 461.1 million. Deutsche Wohnen intends to use approximately 75% of the net proceeds for financing the envisaged acquisition of the BauBeCon Group and the remainder for complementary acquisitions, in which Deutsche Wohnen is in advanced or promising negotiations, as well as for general corporate purposes.
The successful capital increase, in particular the high take-up quota of 99.05%, highlights on the one hand the trust of the shareholders in Deutsche Wohnen and demonstrates on the other hand the high attractiveness of the asset class 'residential property'.
Credit Suisse and UBS Investment Bank were acting as Joint Global Coordinators and Joint Bookrunners for the capital increase. Co-Lead Managers were DZ Bank, BayernLB, Kempen & Co and UniCredit Bank AG.
Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt am Main
International Securities Identification Numbers (ISINs): DE000A0HN5C6 / DE0006283302
Contact:
Helge H. Hehl
Tel.: +49 (0)30 897 86-551
ir@deutsche-wohnen.com
This information constitutes neither an offer to sell nor a solicitation to buy securities of Deutsche Wohnen AG. The offer is being made solely by means of, and on the basis of, the published securities prospectus (including any amendments thereto, if any). An investment decision regarding the publicly offered securities of Deutsche Wohnen AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from Deutsche Wohnen AG, Pfaffenwiese 300, 65929 Frankfurt am Main or on the Deutsche Wohnen AG website www.deutsche-wohnen.com.
This information may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. This information does not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of Deutsche Wohnen AG in the United States, Germany or any other jurisdiction. The securities of Deutsche Wohnen AG 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 securities of Deutsche Wohnen AG have not been, and will not be, registered under the Securities Act.
In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the 'Order') or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as 'Relevant Persons'). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.
This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Wohnen AG or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Wohnen AG does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.
Contact:
+49 (0)30 / 89786 - 551
End of Corporate News
---------------------------------------------------------------------
26.06.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English Company: Deutsche Wohnen AG Pfaffenwiese 300 65929 Frankfurt Germany Phone: +49 (0)30 89786-0 Fax: +49 (0)30 89786-507 E-mail: ir@deutsche-wohnen.com Internet: http://www.deutsche-wohnen.com ISIN: DE000A0HN5C6, DE0006283302 WKN: A0HN5C, 628330 Indices: MDAX Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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