DGAP-Adhoc

ADO Properties S.A.: ADO Properties launches capital increase by means of an accelerated bookbuild offering

ADO Properties S.A. / Key word(s): Capital Increase

13.09.2016 17:56

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transmitted by DGAP - a service of EQS Group AG.
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ADO Properties S.A.: ADO Properties launches capital increase by means of
an accelerated bookbuild offering


Issuance of 5,600,001 new shares, representing approximately 14.5% of the
currently issued share capital

Proceeds to be used to fund add-on acquisitions of residential properties
or portfolios in Berlin, capex investments into existing residential
properties and portfolios, future growth of the Company and general
corporate purposes. Current acquisition pipeline of c. EUR 300 million
under review by ADO

ADO Group Ltd has committed to support ADO Properties in its capital
increase by purchasing shares pro-rata to its current c. 37% shareholding

Berlin, 13 September 2016: The Board of Directors of ADO Properties S.A.
("ADO Properties" or the "Company") resolved today to carry out a capital
increase excluding pre-emptive rights of existing shareholders. The Company
intends to issue 5,600,001 new shares (the "Placement Shares"), thereby
increasing its share capital to 44,100,000 shares, which represents an
increase of approximately 14.5% of the currently issued share capital, by
means of an accelerated bookbuild offering (the "Placement").

The Company intends to use the net proceeds to fund add-on acquisitions of
residential properties or portfolios in Berlin, capex investments into
existing residential properties and portfolios, future growth of the
Company and general corporate purposes. ADO Properties is currently in
various phases of analysis for potential acquisitions with a total
acquisition volume of c. EUR 300 million which, if successful, could be
completed within the next six months.

The Placement will be launched with immediate effect. The Company will
determine the price at which the Placement Shares will be placed (the
"Placement Price") following the conclusion of the accelerated bookbuild
offering.

ADO Group Ltd has committed to support ADO Properties in its capital
increase by purchasing at the Placement Price Placement Shares pro-rata to