DGAP-Adhoc

Deutsche Annington Immobilien SE announces the acquisition of the SÜDEWO Group with around 19,800 apartments mainly in Baden-Württemberg, as well as a fully underwritten capital increase with subscription rights from authorised capital with gross proceeds

Deutsche Annington Immobilien SE / Key word(s): Capital Increase

14.06.2015 22:11

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Bochum, 15 June 2015 - Today, Deutsche Annington Immobilien SE ("Deutsche
Annington") resolved to acquire SÜDEWO Group, which owns approximately
19,800 apartments managed by entities affiliated with PATRIZIA Immobilien
AG mainly in Baden-Württemberg ("SÜDEWO Group"). In this context, Deutsche
Annington has today entered into a share purchase agreement with an
investor group that holds the shares in the SÜDEWO Group, pursuant to which
Deutsche Annington will (directly or indirectly) acquire up to 94.9% of the
shares in the SÜDEWO Group companies (the "SÜDEWO Acquisition"). Closing of
the SÜDEWO Acquisition is scheduled for 7 July 2015, but remains subject to
approval by the antitrust authorities.
The total transaction volume of approximately EUR 1.9 billion for the
SÜDEWO Acquisition comprises a purchase price of approximately EUR 1.1
billion with an additional assumption of certain financial liabilities
totaling approximately EUR 0.8 billion.

In order to finance the SÜDEWO Acquisition, the management board, following
authorisation by the supervisory board on 12 June 2015, today resolved to
launch a fully underwritten rights issue to increase its share capital
against contribution in cash with subscription rights for shareholders of
Deutsche Annington. For this purpose, the share capital of Deutsche
Annington shall, under partial utilisation of Deutsche Annington's
authorised capital 2015, be increased from EUR 358,462,018.00 by EUR
107,538,606.00 to EUR 466,000,624.00 through the issuance of 107,538,606
new registered shares with a notional value of EUR 1.00 and full dividend
rights from 1 January 2015.

The new shares shall be offered to the shareholders of the company by way
of an indirect subscription right at a ratio of 10:3 (that is 10 existing
shares of the company entitle their holder to subscribe for 3 new shares)
and a subscription price of EUR 20.90. The subscription period shall,
subject to approval of the prospectus by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and