Leasinvest Real Estate SCA: Public offering for subscription to a maximum of 987,774 New Shares in the context of a capital i...
September 19 2018 - 2:00AM
Leasinvest Real Estate SCA: Public offering for subscription to a
maximum of 987,774 New Shares in the context of a capital increase
in cash within the authorized capital with Irreducible Allocation
Rights
Public offering for subscription to a maximum of
987,774 New Shares in the context of a capital increase in cash
within the authorized capital with Irreducible Allocation Rights
for a maximum amount of EUR 83,960,790
Request for admission to trade the New Shares on
the Euronext Brussels regulated market
Not for distribution, publication or
release, directly or indirectly, in or into the United States of
America, Canada, Switzerland (unless relating to the possible
private placement of the Scrips with institutional investors in
Switzerland), Australia, Japan, South-Africa or any other country
or any other jurisdiction in which such distribution would be
unlawful. Other restrictions also apply.
- Leasinvest Real Estate announces a capital increase to
continue its growth strategy and at the same time bring its debt
ratio back to a level between 50% and 55%
- The Company confirms for the financial year 2018 the
outlook that the EPRA Earnings per Share will remain at least
stable compared to the financial year 2017 (EUR 5.57 per Share)
and, subject to the results and approval by the annual general
meeting of the dividend relating to the financial year 2018, that
the dividend will at least remain at the same level as last year
(EUR 5.00 per Share)
- Capital increase for a maximum amount of EUR
83,960,790. 44.51% of the capital increase is pre-committed by the
reference shareholders Ackermans & van Haaren NV and Axa
Belgium NV
- Issue price as defined by the Company in consultation
with the Joint Bookrunners: EUR 85.00 per New Share, which
represents a discount of 11.66% compared to the closing price of
the Shares on 18 September 2018, that amounted to EUR 100.00,
adjusted with the estimated value of coupon no 23 that will be
detached on 19 September (after closing of the stock market),
namely EUR 96.22 after this adjustment
- 5 Irreducible Allocation Rights
entitle to subscribe to 1 New Share
- Detachment of coupon no 22 representing the
Irreducible Allocation Right: 19 September 2018 after closing of
the stock market
- Detachment of coupon no 23 representing the right to
the proportional dividend over the current financial year 2018 till
3 October 2018 included, to which the New Shares are not entitled:
19 September 2018 after closing of the stock market
- Subscription period: from Thursday 20 September 2018
till Monday 1 October 2018 included
- The Irreducible Allocation Rights can be traded during
the entire Subscription period
- Placement of the Scrips: in principle on Tuesday 2
October 2018
- Bank Degroof Petercam and ING Belgium act within the
context of this transaction as Joint Global Coordinators, and
together with Belfius Bank as Joint Bookrunners
- 2018 09 19_LRE_Capital increase 2018_Offer_ENG