ESTAVIS AG / Capital Increase 23.02.2010 21:34 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Berlin, 23 February 2010 - TAG Immobilien AG (Hamburg) is acquiring a stake of around 15% in ESTAVIS AG (ISIN DE000A0KFKB3) as a strategic investor by means of a capital increase through contributions in kind. The transaction was approved today by the Management Board and the Supervisory Board of ESTAVIS AG. The transaction is based on a share price of EUR 2.35. This is equivalent to a premium of around 37% on the closing price in Xetra of 23 February 2010 (EUR 1.72). The capital increase is being carried out through partial utilisation of the approved capital. 1,446,808 new bearer shares are being issued at a nominal amount of EUR 1.00 per share. The shareholders' subscription rights are excluded. As a result of the capital increase, the share capital of ESTAVIS AG is increasing from EUR 8,099,427 to EUR 9,546,235. The new shares are subject to a minimum lock-up period of one year. The contributions in kind comprise a listed property in a very sought after location in the centre of Berlin. On a total area of some 3,900 square metres, 54 apartments and loft apartments are being created through the planned refurbishment of the property built in 1910. The apartments will meet the requirements for special tax incentives in accordance with section 7 of the German Income Tax Act which permit the buyer to write down all refurbishment expenses within 12 years. ESTAVIS expects revenues of some EUR 13 million from the sale of the listed apartments. ESTAVIS AG - Peter Vogt - Investor & Public Relations - Tel: + 49 30 887 181 799 / Fax: -779 - E-Mail: ir@estavis.de 23.02.2010 21:34 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|] --------------------------------------------------------------------------- Language: English Company: ESTAVIS AG Uhlandstr. 165 10719 Berlin Deutschland Phone: +49 (0)30 - 887 181 - 0 Fax: +49 (0)30 - 887 181 - 11 E-mail: info@estavis.de Internet: http://www.estavis.de ISIN: DE000A0KFKB3 WKN: A0KFKB Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, München, Düsseldorf, Hamburg, Stuttgart End of News DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: TAG Immobilien AG acquires stake in ESTAVIS AG
| Source: EQS Group AG