DGAP-Adhoc

ADO Properties S.A.: ADO Properties successfully places 5,600,001 new shares, generating gross proceeds of EUR 198.8 million

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

13.09.2016 21:22

Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Not for release, publication or distribution, directly or indirectly, in or
into the United States, Australia, Canada or Japan or any other
jurisdiction in which the distribution or release would be unlawful.

ADO Properties S.A.: ADO Properties successfully places 5,600,001 new
shares, generating gross proceeds of EUR 198.8 million


5,600,001 new shares have been placed at a placement price of EUR 35.50 per
share, resulting in gross proceeds of EUR 198.8 million

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

Berlin, 13 September 2016: ADO Properties S.A. ("ADO Properties" or the
"Company") has placed 5,600,001 new shares with institutional investors and
qualified investors at EUR 35.50 per share by means of an accelerated
bookbuild offering. The gross proceeds resulting from the transaction
amount to EUR 198.8 million. 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 Shares will entitle their holders to full dividend rights as
from 1 January 2016 (not including the annual dividend for the Company's
financial year ended 31 December 2015 as paid on 6 May 2016).

The new shares are expected to be admitted to listing and trading on 15
September 2016 and shall be included in the existing quotation on the sub-
segment of the regulated market with additional post-admission obligations
(Prime Standard) of the Frankfurt Stock Exchange as from 16 September 2016.
Settlement of the transaction is expected to take place on 16 September
2016.

The Company has committed to a lock up period of 90 days and ADO Group Ltd
has committed to a lock-up period of 90 days, except in case of enforcement
of an already existing share pledge on part of its shares for its bond
issuance or a future share pledge in relation to future financing of ADO
Group Ltd following closing of the Placement.

Disclaimer

This announcement does not contain or constitutes an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person
in the United States, Australia, Canada, Japan or in any jurisdiction to
whom or in which such offer or solicitation is unlawful.

This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended. Any public offering of securities
to be made in the United States of America would be made by means of a
prospectus that could be obtained from the Company and would contain
detailed information about the Company and management, as well as financial
statements. There will be no public offer of securities in the United
States of America.

The securities referred to herein may not be offered or sold in Australia,
Canada or Japan or to, or for the account or benefit of, any national,
resident or citizen of Australia, Canada or Japan.


13.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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Language: English
Company: ADO Properties S.A.
20 rue Eugène Ruppert
L-2453 Luxembourg
Grand Duchy of Luxembourg
Phone: [phone]
Fax: [phone]
E-mail: [e-mail]
Internet: www.ado.immo
ISIN: LU1250154413
WKN: A14U78
Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT
Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Dusseldorf, Stuttgart, Tradegate
Exchange

End of Announcement DGAP News-Service

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