06.07.2018
Vonovia SE DE000A1ML7J1
DGAP-News: Vonovia SE: Vonovia controls 66.1% of the shares and 61.1% of the votes in Victoria Park after the extended acceptance period
DGAP-News: Vonovia SE / Key word(s): Offer
Vonovia SE: Vonovia controls 66.1% of the shares and 61.1% of the votes in
Victoria Park after the extended acceptance period (news with additional
features)
06.07.2018 / 10:03
The issuer is solely responsible for the content of this announcement.
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The Offer has not been made, and this press release may not be distributed,
directly or indirectly, in or into, nor will any tender of shares be
accepted from or on behalf of holders in, Australia, Hong Kong, Japan,
Canada, New Zealand or South Africa, or any other jurisdiction in which the
making of the Offer, the distribution of this press release or the
acceptance of any tender of shares would contravene applicable laws or
regulations or require further offer documents, filings or other measures in
addition to those required under Swedish law.
PRESS RELEASE, 6 July 2018
Vonovia controls 66.1% of the shares and 61.1% of the votes in Victoria Park
after the extended acceptance period
On 21 June 2018, Vonovia SE, through its wholly-owned subsidiary Deutsche
Annington Acquisition Holding GmbH ("Vonovia Acquisition Holding"),
announced the outcome of the recommended public cash offer to the
shareholders of Victoria Park AB (publ) ("Victoria Park") to tender all
shares in Victoria Park to Vonovia Acquisition Holding (the "Offer"). During
the initial acceptance period, Victoria Park shareholders representing
approximately 63.8% of the total number of shares and 58.7% of the total
number of voting rights in Victoria Park had accepted the Offer (on a fully
diluted basis and including the shares for which call options were issued).
During the extended acceptance period which expired on 3 July 2018, an
additional 1,649,385 Class A shares, 2,542,719 Class B shares and 108,891
preference shares in Victoria Park have been tendered in the Offer,
corresponding to approximately 1.7% of the total number of shares and 2.0%
of the total number of voting rights in Victoria Park (on a fully diluted
basis). Furthermore, Vonovia Acquisition Holding has acquired additional
shares in Victoria Park in the market.
This means that Vonovia Acquisition Holding controls an aggregate of
35,897,338 Class A shares, 101,679,569 Class B shares and 772,063 preference
shares (including shares acquired in the market up to and including 4 July
2018), which, together with the shares for which call options were issued,
corresponds to approximately 66.1% of the total number of shares and 61.1%
of the total number of voting rights in Victoria Park (on a fully diluted
basis) (56.2% and 48.7% excluding the call option shares).
Vonovia will not extend the acceptance period further. Settlement in respect
of the remaining shares tendered is expected to be initiated on or around 11
July 2018. [1]
The information provided herein was submitted for publication on 6 July
2018, 10.00 a.m. CET.
Information about the Offer
Information about the Offer is made available at: http://en.vonovia-k.de/.
For further information, please contact:
Rene Hoffmann Klaus Markus
Phone: +49 (0)234 314-1629 Phone: +49 (0)234 314-1149
E-mail: [email protected] E-mail: [email protected]
Brief description of Vonovia and Vonovia Acquisition Holding
Vonovia is Germany's leading nationwide residential real estate company.
Vonovia currently owns and manages around 394,000 residential units in
attractive cities and regions predominantly across Germany and manages
around 58,000 units for third parties. Its Real Estate portfolio is worth
approximately EUR 38.5 billion. As a modern service company, Vonovia focuses
on customer orientation and tenant satisfaction. Offering tenants
affordable, attractive and livable homes is a prerequisite for the company's
successful development. Accordingly Vonovia makes long-term investments in
the maintenance, modernization and senior-friendly conversion of its
properties. The company will also be creating more and more new apartments
by realizing infill developments and adding to existing buildings.
The company, which is based in Bochum, Germany, has been listed on the stock
exchange since 2013 and was included in the DAX 30 in September 2015.
Vonovia is also included in the international indices STOXX Europe 600, MSCI
Germany, GPR 250 and EPRA/NAREIT Europe. Vonovia currently has a workforce
of approximately 9,500 employees. Further information about Vonovia is
available at www.vonovia.de.
Vonovia Acquisition Holding is a wholly-owned subsidiary of Vonovia and is
registered with the commercial register of the local court of Düsseldorf,
Germany under registration no. HRB 56563. Vonovia Acquisition Holding is a
holding company for various subsidiaries of the Vonovia group. Its business
object is to acquire and hold assets and participations in other companies.
Brief description of Victoria Park
Victoria Park is a Swedish property company, which, through long-term
management and social responsibility for more attractive living, creates
value in an expanding property portfolio in growth districts in Sweden. As
of 31 March 2018, Victoria Park's property portfolio amounts to 1,083,000
square metres, comprising 13,725 flats, with a market value of SEK 16.2
billion. The shares in Victoria Park are listed for trading on Nasdaq
Stockholm Mid Cap. Victoria Park is a limited liability company incorporated
under the laws of Sweden, with corporate registration number 556695-0738.
Important information
The Offer, pursuant to the terms and conditions presented in the offer
document, has not been made, directly or indirectly, in or into, Australia,
Canada, Hong Kong, Japan, New Zealand or South Africa, or otherwise to
persons whose participation in the Offer requires that any additional offer
document is prepared or registration effected or that any other measures are
taken in addition to those required under Swedish law. Vonovia Acquisition
Holding will not deliver any consideration from the Offer into Australia,
Canada, Hong Kong, Japan, New Zealand or South Africa.
This press release and any related Offer documentation is not being
published in or distributed to or into and must not be mailed or otherwise
distributed or sent in or into any country in which the distribution or
offering would require any such additional measures to be taken or would be
in conflict with any law or regulation in such country. Persons who receive
this press release (including, without limitation, nominees, trustees and
custodians) and are subject to the law of any such jurisdiction will need to
inform themselves about, and observe, any applicable restrictions or
requirements. Any failure to do so may constitute a violation of the
securities laws of any such jurisdiction. Vonovia Acquisition Holding, to
the fullest extent permitted by applicable law, disclaims any responsibility
or liability for the violations of any such restrictions by any person.
Notwithstanding the foregoing, Vonovia Acquisition Holding reserves the
right to permit the Offer to be accepted by persons not resident in Sweden
if, in its sole discretion, Vonovia Acquisition Holding is satisfied that
such transaction can be undertaken in compliance with applicable laws and
regulations.
To the extent permissible under applicable law or regulation, Vonovia
Acquisition Holding or its brokers may purchase, or conclude agreements to
purchase, shares in Victoria Park, directly or indirectly, outside of the
scope of the Offer, after the period in which the Offer remains open for
acceptance. This also applies to other securities which are directly
convertible into, exchangeable for, or exercisable for Victoria Park shares,
such as warrants. These purchases may be completed via the stock exchange at
market prices or outside the stock exchange at negotiated conditions. Any
information on such purchases will be disclosed as required by law or
regulation in Sweden.
This press release has been published in Swedish, English and German.
Forward-looking information
To the extent this press release contains forward-looking statements, such
statements do not represent facts and are characterised by the words "will",
"expect", "believe", "estimate", "intend", "aim", "assume" or similar
expressions. Such statements express the intentions, opinions or current
expectations and assumptions of Vonovia Acquisition Holding, for example
with regard to the potential consequences of the Offer for Victoria Park,
for those shareholders of Victoria Park who choose not to accept the Offer
or for future financial results of Victoria Park. Such forward-looking
statements are based on current plans, estimates and forecasts which Vonovia
Acquisition Holding has made to the best of its knowledge, but which do not
claim to be correct in the future. Forward-looking statements are subject to
risks and uncertainties that are difficult to predict and usually cannot be
influenced by Vonovia Acquisition Holding. It should be kept in mind that
the actual events or consequences may differ materially from those contained
in or expressed by such forward-looking statements.
[1] For shareholders that received dividend on the preference shares in
Victoria Park with record date on 29 June 2018, the Offer price will be
reduced accordingly, in accordance with the terms and conditions of the
Offer.
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Additional features:
Document: http://n.eqs.com/c/fncls.ssp?u=KFCSCBKFBF
Document title: Vonovia controls 66.1% of the shares and 61.1% of the votes
in Victoria Park after the extended acceptance period
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06.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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: Vonovia SE
Universitätsstraße 133
44803 Bochum
Germany
Phone: +49 234 314 1609
Fax: +49 234 314 2995
E-mail: [email protected]
Internet: www.vonovia.de
ISIN: DE000A1ML7J1
WKN: A1ML7J
Indices: DAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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702247 06.07.2018
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