BBI Bürgerliches Brauhaus Immobilien AG / Miscellaneous 04.02.2008 Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Compulsory offer pursuant to § 35 WpÜG (German Acquisiton and Take-over Act) released on 24th January 2008 Ingolstadt, 4th February 2008 - The Executive Management and the Supervisory Board of the BBI Bürgerliches Brauhaus Immobilien AG (BBI AG), a company that focuses on the asset management of retail property, have released a joint statement on the compulsory offer pursuant to § 35 WpÜG (Acquisiton and Take-over Act) made by the VIB Vermögen AG. The Executive Management and the Supervisory Board regard the offer price as fair, but refrain from giving a recommendation either in favour of or against accepting the offer amounting to EUR 11.70 per bearer no-par share ((WKN 528000 / ISIN DE0005280002). The public offer to buy made by the VIB Vermögen AG was released on 24th January 2008 and is addressed to all of the BBI AG shareholders. In December last year, the proportion of voting rights of the VIB Vermögen AG had already exceeded the 30% threshold, thus triggering the compulsory offer. The weighted average share price of the BBI share during the previous three months as consequently determined by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) (German Federal Financial Supervisory Agency), amounted to EUR 10.93 on 16th December 2007. According to the data provided in the bidding documents, the highest acquisition price that the VIB had paid in the course of the control acquisition was EUR 11.70 per individual share. Pursuant to the legal requirements (§ 31 Abs. 1 WpÜG), this is the relevant minimum price for the compulsory offer. The period for acceptance of the offer began with the release on 24th January 2008 and will end on 21st February 2008. Both the complete statement and the bidding documents pertaining to the compulsory offer can be accessed on the internet under www.bbi-immobilien-ag.de. Company Profile The BBI Bürgerliches Brauhaus Immobilien AG (BBI AG) emerged in the year 2006 from the Bürgerliches Brauhaus Ingolstadt AG and its long-established subsidiary Herrnbräu. Following the takeover of the property inventory of the brewery real estate, the BBI AG positioned itself as a company focusing on the asset management of commercial real estate in the segment close to the consumer. In this respect, specialist retailers, retail centres and supermarkets rank in particular among the holdings. A total of 13 properties from the previous stock balance and 16 newly acquired properties belong to the real estate portfolio. As of 30th June 2007, these properties have provided a total of around 118,000 square metres of lettable area and they generate an average rental yield of 7% p.a. with reference to the book value of EUR 125m. All of the properties are fully let, most of them on a long-term lease. In order to drive growth, the BBI AG has secured, either contractually or through letters of intent, a further 17 properties that are currently at the development stage for capital expenditure amounting to EUR 153m. These new properties, which have for the most part already been taken by reputable anchor tenants, are to be delivered to the BBI AG between 2008 and 2010 and will thus contribute to the further increase in turnover and yield. Investor & Media Relations cometis AG Ulrich Wiehle Tel: +49(0)611 205855-11 Fax: +49(0)611 205855-66 e-mail: wiehle@cometis.de DGAP 04.02.2008 --------------------------------------------------------------------------- Language: English Issuer: BBI Bürgerliches Brauhaus Immobilien AG Manchinger Straße 95 85053 Ingolstadt Deutschland Phone: +49 (0)841 6 31 - 2 05 Fax: +49 (0)841 6 31 - 2 11 E-mail: franz.katzenbogen@herrnbraeu.de Internet: www.bbi-immobilien-ag.de ISIN: DE0005280002 WKN: 528000 Listed: Regulierter Markt in München; Open Market in Frankfurt End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-News: BBI Bürgerliches Brauhaus Immobilien AG:Executive Management and Supervisory Board release statement pertaining to compulsory offer made by VIB Vermögen AG
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