Ad-hoc | 23 January 2013 08:39
ESTAVIS AG / Key word(s): Capital Increase/Real Estate
23.01.2013 08:39
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, 22 January 2013 - Today, the Management Board of ESTAVIS AG
decided, with the approval of the Supervisory Board, to go ahead with two
capital measures. For one thing, the company will execute a cash capital
increase. Within the framework of the capital increase, about 1.3 million
shares will be placed with selected investors while excluding the
shareholders' subscription rights. The capital increase has already been
fully subscribed, with the company to collect issuing proceeds in the
amount of EUR 2,325,000.00.
Moreover, a real estate portfolio including 177 housing units in Bernau
near Berlin is to be acquired within the framework of an increase in kind.
The properties are redeveloped and almost fully occupied. The acquisition
of 94% of the portfolio will involve the transfer of an interest in a
limited partnership by issuing 2,007,919 shares. These capital measures run
parallel to the company's previously announced capital measures, and will
boost the ongoing expansion of the operative business.
The Management Board
About ESTAVIS:
ESTAVIS AG is a listed property company focusing on residential properties.
Using its purchasing network across Germany, ESTAVIS AG identifies property
portfolios with great value-add potential, and exploits its management
expertise to harness this potential in efficient ways. In addition to
regular cash flow from the property portfolios acquired, the performance of
ESTAVIS AG is driven by income from active apartment retailing. ESTAVIS AG
is headquartered in Berlin, and is listed on the Prime Standard of the
Frankfurt Stock Exchange (German Securities Code Number [WKN]: A0KFKB).
Contact:
ESTAVIS AG
Investor & Public Relations
Tel: + 49 30 887 181 799
E-mail: ir@estavis.de
23.01.2013 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
Germany
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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