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

ADO Properties S.A.  / Key word(s): Capital Increase13.09.2016 17:56Disclosure 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 orinto the United States, Australia, Canada or Japan or any otherjurisdiction in which the distribution or release would be unlawful.ADO Properties S.A.: ADO Properties launches capital increase by means ofan accelerated bookbuild offeringIssuance of 5,600,001 new shares, representing approximately 14.5% of thecurrently issued share capitalProceeds to be used to fund add-on acquisitions of residential propertiesor portfolios in Berlin, capex investments into existing residentialproperties and portfolios, future growth of the Company and generalcorporate purposes. Current acquisition pipeline of c. EUR 300 millionunder review by ADOADO Group Ltd has committed to support ADO Properties in its capitalincrease by purchasing shares pro-rata to its current c. 37% shareholdingBerlin, 13 September 2016: The Board of Directors of ADO Properties S.A.("ADO Properties" or the "Company") resolved today to carry out a capitalincrease excluding pre-emptive rights of existing shareholders. The Companyintends to issue 5,600,001 new shares (the "Placement Shares"), therebyincreasing its share capital to 44,100,000 shares, which represents anincrease of approximately 14.5% of the currently issued share capital, bymeans of an accelerated bookbuild offering (the "Placement").The Company intends to use the net proceeds to fund add-on acquisitions ofresidential properties or portfolios in Berlin, capex investments intoexisting residential properties and portfolios, future growth of theCompany and general corporate purposes. ADO Properties is currently invarious phases of analysis for potential acquisitions with a totalacquisition volume of c. EUR 300 million which, if successful, could becompleted within the next six months.The Placement will be launched with immediate effect. The Company willdetermine the price at which the Placement Shares will be placed (the"Placement Price") following the conclusion of the accelerated bookbuildoffering.ADO Group Ltd has committed to support ADO Properties in its capitalincrease by purchasing at the Placement Price Placement Shares pro-rata toretain its c. 37% shareholding in the Company.The Placement Shares will be offered exclusively (except with regard to ADOGroup Ltd) to institutional investors in Germany and elsewhere in Europe inoffshore transactions as defined in, and in reliance on, Regulation S underthe U.S. Securities Act of 1933, as amended (the "Securities Act"), and inthe United States only to persons reasonably believed to be "qualifiedinstitutional 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 asfrom 1 January 2016 (not including the annual dividend for the Company'sfinancial year ended 31 December 2015 as paid on 6 May 2016).The Placement Shares are expected to be admitted to listing trading on theFrankfurt Stock Exchange on 15 September 2016. Settlement of thetransaction is expected to take place on 16 September 2016.The Company has committed to a lock up period of 90 days and ADO Group Ltdhas committed to a lock-up period of 90 days, except in case of enforcementof an already existing share pledge on part of its shares for its bondissuance or a future share pledge in relation to future financing of ADOGroup Ltd following closing of the Placement.DisclaimerThis announcement does not contain or constitutes an offer of, or thesolicitation of an offer to buy or subscribe for, securities to any personin the United States, Australia, Canada, Japan or in any jurisdiction towhom or in which such offer or solicitation is unlawful.This release is not an offer of securities for sale in the United States ofAmerica. Securities may not be offered or sold in the United States ofAmerica absent registration or an exemption from registration under theU.S. Securities Act of 1933, as amended. Any public offering of securitiesto be made in the United States of America would be made by means of aprospectus that could be obtained from the Company and would containdetailed information about the Company and management, as well as financialstatements. There will be no public offer of securities in the UnitedStates 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:     EnglishCompany:      ADO Properties S.A.              20 rue Eugène Ruppert              L-2453 Luxembourg              Grand Duchy of LuxembourgPhone:        +352 26 493 412Fax:          +352 27 860 722E-mail:       ir@ado.propertiesInternet:     www.ado.immoISIN:         LU1250154413WKN:          A14U78Indices:      SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT              Developed Europe Index, FTSE EPRA/NAREIT Germany IndexListed:       Regulated Market in Frankfurt (Prime Standard); Regulated              Unofficial Market in Dusseldorf, Stuttgart, Tradegate              Exchange End of Announcement                             DGAP News-Service ---------------------------------------------------------------------------