Aggregate Holdings SA
Aggregate Holdings SA: CONSUS REAL ESTATE AG ANNOUNCES CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS
DGAP-News: Aggregate Holdings SA / Key word(s): Capital Increase Aggregate Holdings S.A., Luxembourg Not for release, publication or distribution in the United States, Canada, NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE CONSUS REAL ESTATE AG ANNOUNCES CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS Consus Real Estate AG (“CONSUS”) announces its capital increase with subscription rights to fund additional pipeline growth of its development business and to enhance strategic flexibility. The gross proceeds from the capital increase may amount to up to approx. EUR287 million. – Issue of up to 39.9 million new shares – Subscription ratio of 11:23 – Subscription price of EUR7.20 per share CONSUS contemplates to issue a total of up to 39.9 million newly issued ordinary registered no par value shares utilizing its authorized capital. The subscription price will be EUR7.20 per newly issued share. The subscription ratio will be 11:23. This means that existing shareholders may acquire 11 new shares for 23 existing shares at the subscription price during the subscription period which is expected to run from and including 3 July 2018 to and including 16 July 2018. The subscription rights are expected to be trading on Xetra as well as Xetra Frankfurt Specialist and the open market of Munich Stock Exchange during the period from 3 July up to and including 12 July 2018. Any new shares not subscribed for during the subscription period will be offered to institutional investors in a private placement on or around 17 July 2018. The first day of trading of the newly issued shares is expected to be on or around 20 July 2018. The newly issued shares will have full dividend rights from 1 January 2017. The gross proceeds from the offering in the event of a placement of all new shares, which will be executed on a best efforts basis, are expected to amount to up to EUR287 million. The Company intends to use the net proceeds from the capital increase to fund additional pipeline growth of its development business and to enhance its strategic flexibility. This includes (i) further acquisitions of additional development projects through the Company or its subsidiary CG Gruppe AG, and (ii) selected add-on acquisitions of real estate developers by the Company. In the event that the CG Gruppe AG (“CG”) will seek to acquire additional development projects, the Company intends to provide financing through equity contributions, which will also facilitate raising the Company’s stake in CG. CONSUS’s major shareholder Aggregate Deutschland S.A. intends to partially exercise its subscription rights in the amount of at least EUR75 million. Not for release, publication or distribution in the United States, Canada, Andreas Steyer, the CEO of CONSUS, intends to purchase new shares in the amount of approximately EUR2 million in connection with the capital increase. CONSUS expects that the prospectus in relation to the capital increase will be published in the course of today. Deutsche Bank and UBS are acting as Joint Global Coordinators and, together with Baader Bank, as Joint Bookrunners.
Aggregate Holdings S.A., Luxembourg, The Management Contact: Massimo Longoni Director Aggregate Holdings S.A. +352 26 478777 21 massimolongoni@groupelecta.lu
18.07.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | Aggregate Holdings SA |
Rue Antoine Jans 10 | |
1820 Luxembourg | |
Luxemburg | |
Phone: | 00352 26 478 777 21 |
E-mail: | massimolongoni@groupelecta.lu |
ISIN: | DE000A184P98 |
WKN: | A184P9 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart |
End of News | DGAP News Service |