Corporate | 30 June 2009 07:25
alstria office REIT-AG / Miscellaneous
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
* First ever German dividend exchange offer successful
* Share allocation of 44.14%
Hamburg, June 30, 2009 - alstria office REIT-AG (symbol: AOX, ISIN:
DE000A0LD2U1), an internally managed Real Estate Investment Trust (REIT)
focused solely on acquiring, owning and managing office real estate in
Germany, has successfully completed the first ever German dividend exchange
offer. The offer was more than two times over-subscribed, as 24,286,056
dividend rights were tendered to the company. Shares were offered at a
price of EUR 4.16 per share, which represents a discount of 23.57% to the
arithmetic average of XETRA-trading closing prices as per June 16, 17, and
18, 2009.
alstria offered its shareholders 1,340,134 treasury shares. Due to the
over-subscription, treasury shares will be allocated on a pro-rata basis to
shareholders who have opted for the exchange. They will receive 44.14% of
the tendered dividend claims in shares. The remaining dividend claims will
be paid out in cash. The final payment will be made on July 3, 2009.
In addition to alstria's majority shareholder, more than half of the
remaining shareholders have opted for the exchange offer.
'We are very satisfied with the high acceptance level of this offer', said
Olivier Elamine, CEO of alstria. 'We have seen a tremendous interest in the
exchange offer coming from both institutional and retail investors, as
demonstrated by the over-subscription. We are also very happy that we were
the first company in Germany to offer our shareholders a stock dividend
exchange program, as this paves the way for the implementation of dividend
reinvestment plans. This model is deployed worldwide in the REIT universe
and is more attractive than ever in times like these.'
alstria was advised by Shearman & Sterling and Deutsche Bank.
Notice to US shareholders:
The Offer is made for the securities of a foreign company. The Offer is
subject to the disclosure requirements of a foreign country that are
different from those of the United States. It may be difficult for you to
enforce your rights and any claim you may have arising under the US federal
securities laws, since the issuer is located in a foreign country, and some
or all of its officers and directors may be residents of a foreign country.
You may not be able to sue the foreign company or its officers or directors
in a foreign court for violations of the US securities laws. It may be
difficult to compel a foreign company and its affiliates to subject
themselves to a US court's judgment. The offer is addressed solely to the
shareholders of alstria office REIT-AG.
Information regarding the dividend payment of alstria on the internet:
Please note that complete information on the dividend payout (sample copy
exchange letter, exchange offer, dividend announcement, tax indications,
etc.) is available for download at www.alstria.com (under
'Investor-Relations' - 'Annual General Meeting').
About alstria:
alstria office REIT-AG is an internally managed Real Estate Investment
Trust (REIT) focused solely on acquiring, owning and managing office real
estate in Germany. alstria was founded in January 2006 and was converted
into the first German REIT in October 2007. Its headquarters are in
Hamburg.
alstria office REIT-AG owns a diversified portfolio of properties across
attractive German office real estate markets. Its current portfolio
comprises 89 properties with an aggregate lettable space of approx. 944,000
sqm and is valued at approximately EUR 1.8 bn.
The alstria office REIT-AG strategy is based on active asset and portfolio
management as well as on establishing and maintaining good relationships
with key customers and decision makers. alstria focuses on long-term real
estate value creation.
For further information, please see: www.alstria.com
http://alstria.blogspot.com
Disclaimer:
This release constitutes neither an offer to sell nor a solicitation of an
offer to buy any shares. As far as this press release contains
forward-looking statements with respect to the business, financial
condition and results of operations of alstria office REIT-AG (alstria),
these statements are based on current expectations or beliefs of alstria's
management. These forward-looking statements are subject to a number of
risks and uncertainties that could cause actual results or performance of
the Company to differ materially from those reflected in such
forward-looking statements. Apart from other factors not mentioned here,
differences could occur as a result of changes in the overall economic
situation and the competitive environment - especially in the core business
segments and markets of alstria. Also, the development of the financial
markets and changes in national as well as international provisions
particularly in the field of tax legislation and financial reporting
standards could have an effect. Terrorist attacks and their consequences
could increase the likelihood and the extent of differences. alstria
undertakes no obligation to publicly release any revisions or updates to
these forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events.
Simon Steiner
Tel: +49 - 40 - 226 341 340
Fax: +49 - 40 - 226 341 310
E-Mail: pr@alstria.de
30.06.2009 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: alstria office REIT-AG
Bäckerbreitergang 75
20355 Hamburg
Deutschland
Phone: 040-226 341 300
Fax: 040-226 341 310
E-mail: info@alstria.de
Internet: http://www.alstria.de
ISIN: DE000A0LD2U1
WKN: A0LD2U
Indices: SDAX, EPRA, German REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hamburg, München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------