DGAP-News

WCM Beteiligungs- und Grundbesitz-AG: Combined cash and non-cash share capital increase exceeding EUR 19 million

DGAP-News: WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Capital
Increase
WCM Beteiligungs- und Grundbesitz-AG: Combined cash and non-cash share
capital increase exceeding EUR 19 million

09.12.2014 / 14:35

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WCM Beteiligungs- und Grundbesitz-AG plans cash and non-cash capital
increase

- Subscription period for existing shareholders for the cash capital
increase: 10 - 23 December 2014

- At EUR 1.30, subscription price for the cash capital increase
significantly below current share price

- Capital to be used to buy initial commercial property portfolios, as
already agreed

- Extensive subscription and financing commitments made by existing
shareholders

- CEO Efremidis will subscribe for up to 2.3 million unsubscribed shares

Frankfurt, 9 December 2014 - WCM Beteiligungs- und Grundbesitz-AG (ISIN:
DE000A1X3X33) announced that it will mark the resumption of operations and
the purchase of initial commercial property portfolios with a combined cash
and non-cash capital increase. The Management Board and Supervisory Board
of WCM Beteiligungs- und Grundbesitz-AG (WCM AG) resolved yesterday to
increase the company's share capital from authorised capital by up to
14,441,269 shares against cash contributions with pre-emptive rights for
existing shareholders. In addition, the share capital is to be increased
from authorised capital by a further 4,900,000 shares against non-cash
contributions excluding pre-emptive rights for existing shareholders. In
total, the company's share capital will thus be increased to up to EUR
33,782,538, divided into the same number of no par value shares. The
Federal Financial Supervisory Authority (BaFin) has today approved the
corresponding securities prospectus.

During the subscription period from 10 December 2014 to 23 December 2014,
existing shareholders of WCM AG can subscribe for new shares at a ratio of
1:1 and for a subscription price of EUR 1.30. This subscription price is
about 30 percent lower than the current share price. Over-subscription is
possible.
Subscription rights trading on the Frankfurt Stock Exchange is planned from
10 December to 19 December. During the subscription period, unsubscribed
shares will be offered to qualified investors for subscription at the same
price in a private placement.

The two capitalisation measures will be used for the purchase of four
commercial properties with an aggregate lettable space of around 90,100 m²
and an occupancy rate of 89.7 percent (see ad hoc disclosure dated 8
December 2014). The sellers of the properties located in Bonn, Düsseldorf