DGAP-News: Prime Office AG successfully completes cash

DGAP-News: Prime Office AG / Key word(s): Capital Increase Prime Office AG successfully completes cash capital increase 14.02.2014 / 08:34 --------------------------------------------------------------------- Prime Office AG successfully completes cash capital increase - Gross proceeds from new shares sold in connection with the cash capital increase amount to about EUR 130.4 million - Net proceeds in the amount of EUR 126.8 million will be used to strengthen equity capital position and reduce leverage Cologne, 14 February 2014. Prime Office AG, a leading office property platform with a focus on German metropolitan regions and conurbations, successfully completed the capital increase which has the form of cash contributions (cash capital increase) from the approved capital with pre-emptive rights for the shareholders of Prime Office AG. Overall about 46.6 million new shares have been taken up or placed. The shares offered in the private placement were allocated as well at a price of EUR 2.80 per share. All new shares from the cash capital increase will presumably be settled on 18 February 2014 and commence trading on the same day. Prime Office AG generated gross proceeds of about EUR 130.4 million from the new shares sold in connection with the cash capital increase. After deduction of the commissions of the syndicate banks, which will have to be paid by the Company, as well as other costs, net proceeds will amount to approximately EUR 126.8 million. The net proceeds will be used to strengthen the equity capital position of Prime Office AG and to reduce its leverage. The net proceeds also serve to cover transaction costs incurred in connection with the merger. 'We are pleased about the success of our capital increase and the strong interest the capital market has shown in the new Prime Office,' says Juergen Overath, board member of Prime Office AG. 'We have now been able to give the post-merger company a solid equity capital position and an attractive financing structure from the start,' adds Alexander von Cramm, board member of Prime Office AG. Berenberg, Kempen & Co and UBS Investment Bank acted act as Global Coordinators of the cash capital increase. Contact Prime Office AG Richard Berg Head of Investor Relations & Corporate Communications Email richard.berg@prime-office.de Telephone +49 (0)221 - 888 29 160 About Prime Office AG Prime Office AG is a leading office property platform with a focus on German metropolitan regions and conurbations. At present, the geographically diversified commercial real estate portfolio contains 58 properties with a total rentable space of about 970,000 square metres and an attractive and broad tenant base. According to a valuation performed by CB Richard Ellis as at 30 September 2013, the properties had a total market value of about EUR 1.9 billion. The business model of Prime Office AG relies on the return-oriented management of assets and particularly of office properties in German metropolitan regions and conurbations. This strategy is complemented by the selective pursuit of value-add investments and attractive buying opportunities in locations with a proven track record of significant value increases. Additional information on Prime Office AG is available in the Internet on: www.prime-office.de Disclaimer This document constitutes neither an offer to sell nor a solicitation to buy or subscribe for securities. Any such offer is being made solely on the basis of the securities prospectus approved by, published and registered with the German Financial Supervisory Authority (BaFin) dated 20 January 2014 and the supplements dated 28 January 2014 as well as 10 February 2014. The information legally required to be provided to investors is contained only in the securities prospectus and the supplements. An investment decision regarding the publicly offered securities of the issuer should only be made on the basis of the securities prospectus and its supplements. This document is not an offer of securities for sale in the United States of America. The securities have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act') and may not be offered or sold 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. The shares that are the subject of the offer will be offered publicly only in the Federal Republic of Germany following approval of the supplement. With respect to each other Member State of the European Economic Area that has implemented the EC Directive 2003/71/EC of the European Parliament and of the Council dated November 4, 2003 (the 'Prospectus Directive') (hereinafter referred to as the 'Relevant Member State'), the shares being subject of the offer will not be publicly offered in such Relevant Member State. The shares being offered may however be offered to certain qualified investors within the Relevant Member State pursuant to certain exceptions set forth in the Prospectus Directive, provided these exceptions have been implemented in the Relevant Member State. The shares that are the subject of the offer are not being offered or sold to any person in the United Kingdom, other than to qualified investors as defined in Section 86(7) of the Financial Services and Markets Act 2000, being persons falling within Article 2.1(E)(i), (ii) or (iii) of Directive 2003/71/EC of the European Parliament and of the Council dated 4 November 2003 (Prospective Directive), which includes legal entities which are regulated by the Financial Conduct Services Authority and entities which are not so regulated whose corporate purpose is solely to invest in securities and who also fall within the definition of 'Investment Professionals' in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005 (the 'FPO') and high net worth entities falling within Article 49(2)(a) to (d) of the FPO. This document is not an offer of securities for sale in the United States of America, Canada, Japan or Australia. End of Corporate News --------------------------------------------------------------------- 14.02.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: Prime Office AG Maarweg 165 50825 Köln Germany Phone: +49 (0)221 88829 100 Fax: +49 (0)221 88829 299 E-mail: info@prime-office.de Internet: www.prime-office.de ISIN: DE000PRME020 WKN: PRME02 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 252644 14.02.2014