Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A.: Approval of a capital increase of up to EUR 74,723.86 by the issuance of up to 996,318 new shares; placement of shares by way of an accelerated bookbuilding process
DGAP-Ad-hoc: Corestate Capital Holding S.A.: CORESTATE Capital Holding S.A.: Approval of a capital increase of up to EUR 74,723.86 by the issuance of up to 996,318 new shares; placement of shares by way of an accelerated bookbuilding process
Corestate Capital Holding S.A. / Key word(s): Capital Increase
23-Feb-2017 / 17:41 CET/CEST
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CORESTATE Capital Holding S.A.: Approval of a capital increase of up to EUR 74,723.86 by the issuance of up to 996,318 new shares; placement of shares by way of an accelerated bookbuilding process
On February 23, 2017 the Management Board of CORESTATE Capital Holding S.A. (the “Company”) resolved to increase the company’s share capital from authorized capital against cash contributions from EUR 945,801.14 by a nominal amount of up to EUR 74,723.86 (corresponding to approximately 7.9 % of the current share capital) to up to EUR 1,020,525.00 by issuing up to 996,318 new ordinary shares (the “New Shares”). The pre-emptive rights of the Company’s existing shareholders have been cancelled. The New Shares are entitled to dividends as of January 1, 2016 and rank pari passu with the existing shares of the Company. The Company’s supervisory board has approved the transaction.
The offering will be launched today via an accelerated bookbuilding process and the New Shares will be offered exclusively in a private placement to domestic and international institutional investors outside the United States. The Company has agreed to a customary lock-up of 90 days after the inclusion of the New Shares to trading. The New Shares are expected to be included to trading in the Entry Standard segment of the Frankfurt Stock Exchange shortly after the successful completion of the capital increase, on or around February 27, 2017.
Starting on March 1, 2017, the Company expects its shares to be traded in the newly created market segment “Scale” of the Frankfurt Stock Exchange, which will replace the Entry Standard segment as of March 1, 2017. The final placement volume, placement price and the proceeds from the capital increase will presumably be announced in the course of tomorrow following completion of the accelerated bookbuilding procedure. The Company reserves the right to close the books at any time.
The Company intends to use the proceeds from the capital increase for warehousing purposes, i.e. the acquisition of certain real estate assets on its own account prior to converting them into investment products for its clients.
Henryk Deter / Mirko Koch
Phone: +49 611 20585540 / email@example.com
Phone: +49 69 264867715 / Cell phone: +49 176 10430063 / firstname.lastname@example.org About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is a real estate investment manager and co-investor with EUR 16bn* in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 26 offices including in Dusseldorf, Frankfurt, Madrid, Singapore and Zurich. The company employs over 390 people and is listed on the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com. *The completion of the Hannover Leasing Group transaction is still subject to the conclusion of ownership control procedures by the Federal Financial Supervisory Authority, BaFin
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