Ad-hoc | 21 March 2011 21:27
ESTAVIS AG / Key word(s): Capital Increase
21.03.2011 21:27
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.
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Berlin, 21 March 2011 - The Management Board of ESTAVIS AG today resolved
with the approval of the Supervisory Board to increase the share capital of
the company from EUR 9,546,235.00 by up to EUR 4,773,117 to EUR 14,319,352
from authorised capital in accordance with section 4, clause 4 of the
Articles of Association The shareholders will be granted an indirect
subscription right with a subscription ratio of one new share to every two
shares already held. The subscription price amounts to EUR 1,70 per new
share. There will be no public offer. The offer to shareholders to
subscribe to new shares with the option of oversubscription is expected to
be published in the electronic Bundesanzeiger (German Federal Gazette) on
23 March 2011.
The proceeds from the capital increase are to be used for financing the
acquisition of further portfolio and listed properties for development. TAG
Immobilien AG, which currently holds a 20% interest in ESTAVIS AG, has
undertaken to exercise its subscription right in full. Furthermore, the
members of the Management Board of ESTAVIS AG Mr Florian Lanz and Mr Eric
Mozanowski have stated their intention also to participate in the capital
increase on a scale still to be determined.
In addition, TAG Immobilien AG has committed itself to a lock-up until 16
September 2011, i.e. undertaken for a period of approximately six months
neither to sell, offer for sale or market ESTAVIS shares nor to carry out
any other transactions that are equivalent to a sale in economic terms.
The capital increase is being supported by Close Brothers Seydler Bank AG.
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Information and Explaination of the Issuer to this News:
About ESTAVIS AG:
ESTAVIS offers institutional and private investors the right solution for
residential real estate in Germany. This ranges from the design of new
through to the processing of existing direct and indirect individual and
portfolio investments. To this end the entire value chain is geared towards
a successful exit from procurement and optimisation through to selling. The
key success factor and competitive advantage of ESTAVIS is its high impact
in the sale of individual real estate. ESTAVIS AG is based in Berlin and
listed on the Prime Standard of the Frankfurt Stock Exchange (securities
identification number: A0KFKB).
Disclaimer:
This document and the information contained therein does not constitute an
offer to sell or a solicitation of an offer to purchase any securities of
ESTAVIS AG, in particular not where such kind of offer or solicitation is
prohibited or lacks the required permission. Potential investors in shares
of ESTAVIS AG are asked to familiarize themselves with and to observe the
respective restrictions. The information in this document may not be
disseminated outside the European Union, in particular not in the United
States, to US Persons according to regulation S of the US Securities Act of
1933 or to publications with a general circulation in the United States
with the exception of a such disclosures or announcements outside the
European Union which have to be made under mandatory German law. Any person
who fails to comply with these restrictions may violate the security laws
of certain jurisdictions, in particular of the United States. Shares in
ESTAVIS AG are not publicly offered.
Contact:
ESTAVIS AG - Investor & Public Relations - Tel: + 49 30 887 181 799 -
E-Mail: ir@estavis.de
21.03.2011 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: 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, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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