07.07.2015
WCM Beteiligungs- und Grundbesitz-AG DE000A1X3X33
DGAP-Adhoc: WCM successfully completes cash capital increase
WCM Beteiligungs- und Grundbesitz-AG / Key word(s): Capital Increase
07.07.2015 08:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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WCM successfully completes cash capital increase
- Gross proceeds of EUR 155.8 million
- Share capital increased to EUR 109.8 million
- Switch to the Prime Standard from 8 July 2015
Frankfurt, 7 July 2015 - WCM Beteiligungs- und Grundbesitz-AG (WCM AG,
ISIN: DE000A1X3X33) has successfully completed its cash capital increase
with subscription rights. In total, 76,010,706 shares were placed at a
price of EUR 2.05 each, unsubscribed shares were placed with German and
foreign institutional investors in a private placement (rump placement).
The rump placement was likewise effected at the subscription price. This
transaction will raise the share capital of WCM AG by EUR 76,010,706 to EUR
109,793,244. The gross proceeds from the capital increase will amount to
EUR 155.8 million.
The New Shares carry dividend rights from 1 January 2015 and are expected
to be included in the listing of the company's shares on the Frankfurt
Stock Exchange on 8 July 2015. The listing of WCM's shares in the Prime
Standard of the Frankfurt Stock Exchange is also planned for this date.
The proceeds from the cash capital increase will be used for financing the
expansion of the portfolio property that was contractually secured in
recent months, for the redemption of loans and for the further development
of WCM AG.
The capital increase is being coordinated by the underwriting banks, Joh.
Berenberg, Gossler & Co. KG ("Berenberg", acting as sole global coordinator
and sole bookrunner) and ODDO SEYDLER BANK (joint lead manager).
About WCM AG
Reflecting its strategic realignment implemented in 2014, WCM Beteiligungs-
und Grundbesitz-AG (WCM AG) intends to position itself as one of the
leading commercial property companies in Germany. As a holder of office and
retail properties with a focus on major office locations, the company is on
a dynamic growth path. In the mid-term WCM AG plans to build a portfolio
with a value exceeding EUR 1 billion. The company utilises a comprehensive
network for the acquisition of properties and value-enhancing portfolio
management in order to generate long-term attractive rental income and a
steady cash flow. WCM AG also intends to leverage further opportunities
offered by the property market. The company's management, headed by CEO
Stavros Efremidis, has extensive experience in the German property market
in connection with the acquisition and management of properties and many
years of capital market experience. The company has substantial corporate
and trade tax loss carry-forwards.
Press contact:
edicto GmbH
Axel Mühlhaus/ Dr. Sönke Knop
069-905505-51
[email protected]
This publication constitutes neither an offer to sell nor a solicitation to
buy or subscribe to securities. The exercise period for acquiring the
securities has expired. The securities were offered based on the approved
securities prospectus published as published by the company (incl.
supplement). The information legally required to be provided to investors
is contained only in the securities prospectus.
The information contained herein is not for distribution, directly or
indirectly, in or into the United States of America (including its
territories and possessions of any State of the United States of America or
the District of Columbia) and must not be distributed to U.S. persons (as
defined in Regulation S of the U.S. Securities Act of 1933, as amended
("Securities Act")) or publications with a general circulation in the
United States of America. This publication constitutes neither an offer to
sell nor a solicitation to buy or subscribe to securities in the United
States of America. The securities have not been and will not be registered
under the Securities Act and may not be offered or sold in the United
States of America absent registration or an exemption from registration
under the Securities Act. The Issuer does not intend to register any
portion of the offering in the United States of America or to conduct a
public offering of the securities in the United States of America.
This publication is only addressed to and directed at persons in member
states of the European Economic Area (other than Germany) who are
"qualified investors" within the meaning of Article 2(1)(e) of the
Prospectus Directive (Directive 2003/71/EC as amended) ("Qualified
Investors"). In addition, in the United Kingdom, this publication is being
distributed only to, and is directed only at, Qualified Investors who (i)
are persons who have professional experience in matters relating to
investments falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, as amended (the
"Order"), (ii) are high net worth entities falling within Articles 49(a) to
(d) of the Order, or (iii) other persons to whom it may otherwise lawfully
be communicated (all such persons together being referred to as "relevant
persons"). Any investment or investment activity to which this publication
relates is only available to and will only be engaged in with (i) in the
United Kingdom, relevant persons, and (ii) in any member state of the
European Economic Area other than the United Kingdom, Qualified Investors.
Any other persons who receive this publication in the European Economic
Area (other than Germany) should not rely on or act upon it.
This publication is not an offer of securities for sale in Canada, Japan or
Australia.
07.07.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: WCM Beteiligungs- und Grundbesitz-AG
Friedrich-Ebert-Anlage 36
60325 Frankfurt am Main
Germany
Phone: +49 (0)69 244 333 199
Fax: +49 (0)3212/4243 773
E-mail: [email protected]
Internet: www.wcm.de
ISIN: DE000A1X3X33
WKN: A1X3X33
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (General
Standard), Hamburg, Stuttgart; Regulated Unofficial Market in
Munich
End of Announcement DGAP News-Service
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