DGAP-Adhoc: ADO Properties S.A.: ADO Properties launches

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Sep 13, 2016 at 12:15 PM

DGAP-Adhoc: ADO Properties S.A.: ADO Properties launches capital increase by means of an accelerated bookbuild offering

ADO Properties S.A. / Key word(s): Capital Increase 13.09.2016 17:56 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. --------------------------------------------------------------------------- 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 launches capital increase by means of an accelerated bookbuild offering Issuance of 5,600,001 new shares, representing approximately 14.5% of the currently issued share capital 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 ADO Group Ltd has committed to support ADO Properties in its capital increase by purchasing shares pro-rata to its current c. 37% shareholding Berlin, 13 September 2016: The Board of Directors of ADO Properties S.A. ("ADO Properties" or the "Company") resolved today to carry out a capital increase excluding pre-emptive rights of existing shareholders. The Company intends to issue 5,600,001 new shares (the "Placement Shares"), thereby increasing its share capital to 44,100,000 shares, which represents an increase of approximately 14.5% of the currently issued share capital, by means of an accelerated bookbuild offering (the "Placement"). 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 will be launched with immediate effect. The Company will determine the price at which the Placement Shares will be placed (the "Placement Price") following the conclusion of the accelerated bookbuild offering. ADO Group Ltd has committed to support ADO Properties in its capital increase by purchasing at the Placement Price Placement Shares pro-rata to retain its c. 37% shareholding in the Company. The Placement Shares will be offered exclusively (except with regard to ADO Group Ltd) to institutional investors in Germany and elsewhere in Europe in offshore transactions as defined in, and in reliance on, Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and in the United States only to persons reasonably believed to be "qualified institutional buyers" (as defined in Rule 144A under the Securities Act ("Rule 144A")) pursuant to Rule 144A. 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 Placement Shares are expected to be admitted to listing trading on the Frankfurt Stock Exchange on 15 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 --------------------------------------------------------------------------- Language: English Company: ADO Properties S.A. 20 rue Eugène Ruppert L-2453 Luxembourg Grand Duchy of Luxembourg Phone: +352 26 493 412 Fax: +352 27 860 722 E-mail: ir@ado.properties 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 ---------------------------------------------------------------------------

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Upsher-Smith Rolls Out New Eye Solutions, Impacts Market

Upsher-Smith's Bold Move in Ophthalmics Right out of Maple Grove, Minnesota, Upsher-Smith Laboratories is shaking up the eye care scene with the launch of two strengths of Brimonidine Tartrate Ophthalmic Solution. We're talking 0.1% and 0.15%, folks. This ain't just a dribble in the ocean—these products are sailing into a $115 million market arena, according to IQVIA....

PVA Unveils Hotel Accessibility Guide for Disabled Travelers

Is Your Hotel Truly Accessible? Time to Find Out. Another day, another step toward making the world a bit more navigable for folks with mobility challenges—and it's about time the hospitality sector caught up. Today, Paralyzed Veterans of America (PVA) rolled out the first volume of their 'Best Practices in Hotel Accessibility Guide.' Think of it as a roadmap for hotels...

Bank Automation: A Deeper Dive Into Efficiency Gains

Banking Automation Gets Its Day in the Sun Grab your mugs, folks. It’s another day in banker land where innovation isn't just some fancy conference buzzword. The spotlight’s firmly fixed on the upcoming 2026 Mid-Atlantic Banking Technology & Innovation Summit. Happening on November 13th in Leesburg, Virginia, this is where the real nitty-gritty of banking meets...

Celebrating Science with Southeastern Tile's Sponsorship

Crafting Pathways and Fostering Curiosity In this world of rapid change and relentless innovation, supporting education—especially in science and technology—is like buying a piece of the future. And, boy, is Southeastern Tile Connection onto something with that. They've stepped up as an Exploration Sponsor for the Asheville Museum of Science's (AMOS) annual gala,...

Ericsson Buybacks: Strategic Moves or Market Maneuver?

Breaking Down Ericsson's Strategic Share Buybacks When a company like Ericsson starts pulling stocks off the shelves like they're on sale, it's time to take notice. Between November 2nd and 6th, Ericsson, that telecom giant we all know, went on a little shopping spree, snapping up 500,000 of its own Class B shares. Why should we care? Well, it's a part of their hefty SEK...

Palmdale Expands Reach with Tri-County Acquisition

Fueling Up a New Chapter in Florida Once in a blue moon, you see a move that just clicks—and Palmdale Oil snapping up Tri-County Oil Distributors is that kind of slick deal. We're not talking about some Wall Street high-flyer here—this is down-to-earth business in North Central Florida, where local ties and trust still mean something. Why Tri-County Fits the Bill If...

Global Vineyards List: New Entrants & Rankings Unveiled

Vineyards' Global Ranking Unveiled Wine enthusiasts and globetrotters have something to toast about this November. The 50 Best Vineyards just expanded its ranking to reveal the vineyards sitting in spots 51 through 100 for 2026. This list, spotlighting some of the globe's finest wine destinations, precedes the main awards ceremony set for November 18 in Santiago, Chile....

Stavian Group Eyes AI-Driven Southeast Asia Growth

AI and Infrastructure: A New Chapter for Southeast Asia What does Southeast Asia's future look like with AI steering the ship? Well, there's a fresh breeze of change blowing, and right at the heart of it stands Stavian Group. At the recently held inaugural Fortune SEA500 Summit in Ho Chi Minh City, this conglomerate threw its hat into the ring, painting a vision of growth...

LINC Investors' Deadline Looms for Class Action Filing

The Legal Stakes: LINC's Critical Moment There's a storm at the gates for Lincoln Educational Services (NASDAQ: LINC), and it’s not just another day on Wall Street. We're looking at a securities class action that brings investors into the legal spotlight faster than you can say "diversify." November 10, 2026, marks the deadline for investors to jump into the fray and...

Children's Institute Gala Raises $4M: A Night to Remember

Breaking Records and Honoring Legends You know, sometimes there's more to the world than stocks and ticker tapes. Over in Los Angeles, the Children's Institute pulled off a real spectacle with their Annual Cape & Gown Gala, drawing in more than 600 folks and raking in a whopping $4 million. That's right, four million clams in one evening—a record-breaker for them. When...