DGAP-News
OFFICEFIRST Immobilien will offer shares between EUR 21 and 23 per share
DGAP-News: OFFICEFIRST Immobilien AG & Co. KG, / Key word(s): IPO
OFFICEFIRST Immobilien will offer shares between EUR 21 and 23 per share
30.09.2016 / 19:31
The issuer is solely responsible for the content of this announcement.
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OFFICEFIRST Immobilien will offer shares between EUR 21 and 23 per share
30.09.2016 / 19:31
The issuer is solely responsible for the content of this announcement.
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NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS
RELEASE.
OFFICEFIRST Immobilien will offer shares between EUR 21 and 23 per share
- Total offer volume (incl. Greenshoe) can amount to up to EUR 888 million
- Placement of up to 50 per cent of the outstanding shares planned
- OFFICEFIRST Immobilien expects to raise gross proceeds of EUR 450 million
from the issuance of up to 21,428,571 new shares
- Placement of 14,000,000 additional shares from the holdings of IVG
Immobilien AG; over-allotments of up to 5,314,285 existing shares
(corresponds to 15 percent of the base offer size)
- Offer period to commence on 3 October 2016 and expected to end on 13
October 2016; trading on the Frankfurt Stock Exchange expected to start on
14 October 2016
Frankfurt, 30 September 2016 - OFFICEFIRST Immobilien AG ("OFFICEFIRST
Immobilien" or the "Company") has set the framework for its envisaged
initial public offering (IPO) together with its sole shareholder IVG
Immobilien AG ("IVG") and the underwriting banks. The prospectus has been
approved by the German regulator (Bundesanstalt für
Finanzdienstleistungsaufsicht, "BaFin"). Shares will be offered in a range
between EUR 21 and 23 per share. The offer period will commence on 3
October 2016 and is expected to end on 13 October 2016, at which time the
offer price will be set. During this period, interested shareholders will
be able to subscribe to OFFICEFIRST Immobilien shares.
"We are consequently approaching our next goal of floating one of Germany's
largest office property companies," says Michiel Jaski, CEO of OFFICEFIRST
Immobilien. "We have a strong real estate management platform with an
attractive portfolio that is focused on the six most important German
metropolitan areas. The combination of our successful strategy and our
powerful team makes us a compelling proposition for capital markets.
Discussions with potential investors over the past weeks have shown that
interest in OFFICEFIRST Immobilien is very strong."
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS
RELEASE.
OFFICEFIRST Immobilien will offer shares between EUR 21 and 23 per share
- Total offer volume (incl. Greenshoe) can amount to up to EUR 888 million
- Placement of up to 50 per cent of the outstanding shares planned
- OFFICEFIRST Immobilien expects to raise gross proceeds of EUR 450 million
from the issuance of up to 21,428,571 new shares
- Placement of 14,000,000 additional shares from the holdings of IVG
Immobilien AG; over-allotments of up to 5,314,285 existing shares
(corresponds to 15 percent of the base offer size)
- Offer period to commence on 3 October 2016 and expected to end on 13
October 2016; trading on the Frankfurt Stock Exchange expected to start on
14 October 2016
Frankfurt, 30 September 2016 - OFFICEFIRST Immobilien AG ("OFFICEFIRST
Immobilien" or the "Company") has set the framework for its envisaged
initial public offering (IPO) together with its sole shareholder IVG
Immobilien AG ("IVG") and the underwriting banks. The prospectus has been
approved by the German regulator (Bundesanstalt für
Finanzdienstleistungsaufsicht, "BaFin"). Shares will be offered in a range
between EUR 21 and 23 per share. The offer period will commence on 3
October 2016 and is expected to end on 13 October 2016, at which time the
offer price will be set. During this period, interested shareholders will
be able to subscribe to OFFICEFIRST Immobilien shares.
"We are consequently approaching our next goal of floating one of Germany's
largest office property companies," says Michiel Jaski, CEO of OFFICEFIRST
Immobilien. "We have a strong real estate management platform with an
attractive portfolio that is focused on the six most important German
metropolitan areas. The combination of our successful strategy and our
powerful team makes us a compelling proposition for capital markets.
Discussions with potential investors over the past weeks have shown that
interest in OFFICEFIRST Immobilien is very strong."