DGAP-News: Deutsche Wohnen AG / Key word(s): Capital Increase
Deutsche Wohnen AG generates gross proceeds of EUR 461.1 million with
successful 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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175382 26.06.2012
DGAP-News: Deutsche Wohnen AG generates gross proceeds of EUR 461.1 million with successful capital increase
| Source: EQS Group AG