Grand City Properties S.A., / Key word(s): Capital Increase
03.12.2013 08:33

Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.
The issuer / publisher is solely responsible for the content of this announcement.

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GRAND CITY PROPERTIES S.A.
Luxembourg, December 3, 2013

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS
Grand City Properties S.A. - Announcement of successful placement of new shares from capital increase

  - Offer price per share EUR 6.50

- Company will receive gross proceeds of EUR 175.5 million
  - Offer oversubscribed

Following an accelerated book building process on 2 and 3 December 2013, Grand City Properties S.A. ('Company') fixed the final volume of the capital increase. The Company's share capital will be increased from EUR 8,842,500 by EUR 2,700,000 to EUR 11,542,500. 27,000,000 new ordinary shares with a par-value of EUR 0.10 each ('New Shares') will be issued. The offer price per New Share was fixed at EUR 6.50. The transaction will increase the Company's free float from currently 50.3 % to 61.98 %. The New Shares were successfully placed by Berenberg, acting as Sole Global Coordinator and, together with J.P Morgan, as Joint Bookrunner, with institutional investors by way of private placement in selected countries in reliance on Regulation S of the US Securities Act of 1933, as amended, which was over-subscribed.

Grand City Properties S.A. will receive gross proceeds of EUR 175.5 million. The net proceeds will be used to fund the Company's acquisitions pipeline. The Company is in advanced process of signing several acquisitions of various under-performing property portfolios with a total volume of more than EUR 250 million. The portfolios under consideration are consistent with the Company's business strategy, and the geographic distribution is with primary focus on North Rhine Westphalia and Berlin.
The Board of Directors of the Company is expected to implement the capital increase on 4 December 2013. The New Shares will be included in the existing stock exchange listings of the Company's shares on the Open Market (Entry Standard) of the Frankfurt Stock Exchange and on the open markets (Freiverkehr) of the Berlin Stock Exchange and the Stuttgart Stock Exchange presumably on 5 December 2013.
 

About Grand City
Grand City Properties S.A. (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg, having its registered office at 6, Boulevard Pierre Dupong, L-1430 Luxembourg and being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg) under number B 165560., which focuses on investing in and managing turnaround opportunities in the German real estate property market, especially in large urban high-density areas.
Contact:
Grand City Properties S.A.
6, boulevard Pierre Dupong
L 1430 Luxemburg
www.grandcityproperties.com

Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (30) 887088-1128
E: [email protected]
www.grandcityproperties.com

Disclaimer
This announcement does not constitute an offer to sell or issue, or the solicitation of an offer to buy or subscribe for, securities to any person in Germany, the Grand Duchy of Luxembourg, the European Union, Australia, Canada, Japan, or the United States or in any jurisdiction in which such offer or solicitation is unlawful. The shares of the company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the 'Securities Act'), and may not be offered, sold, delivered or otherwise transferred in or into the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. The offer and the sale of the shares of the Company have not been, and will not be, registered under the applicable securities laws of Australia, Canada or Japan. Subject to certain exceptions, 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. There will be no public offer of the shares in Germany, elsewhere in the European Union or in the United States.

This announcement is directed at and/or for distribution in the United Kingdom only to (i) 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 (the 'Order') or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as 'relevant persons'). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.
This announcement may contain projections or estimates relating to plans and objectives relating to our future operations, products, or services, future financial results, or assumptions underlying or relating to any such statements, each of which constitutes a forward-looking statement subject to risks and uncertainties, many of which are beyond our control. Actual results could differ materially, depending on a number of factors.

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