ISARIA Wohnbau AG
ISARIA Wohnbau AG: Takeover offer for shares of ISARIA Wohnbau AG announced

ISARIA Wohnbau AG  / Key word(s): Offer

17.06.2016 08:11

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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  - Takeover offer for shares of ISARIA Wohnbau AG announced

  - Support for potential capital increase agreed

  - Delisting of shares of ISARIA Wohnbau AG intended

June 17, 2016 -Isaria Wohnbau AG (hereinafter "ISARIA" or the "Company")
was able to secure private equity investor Lone Star as financially strong
partner, which is prepared to support the continuing implementation of the
Company's growth strategy.

An affiliate of Lone Star announced plans for a takeover offer for all
shares of ISARIA. LSREF4 ARIA Beteiligungs GmbH & Co. KG (hereinafter the
"Bidder"), an affiliate of Lone Star Real Estate Fund IV (U.S.), L.P. and
Lone Star Real Estate Fund IV (Bermuda), L.P., intends to make a voluntary
public takeover offer for all outstanding shares of ISARIA. The
shareholders will be offered a price of EUR 4.50 in exchange for each
ISARIA share. ISARIA understands that the Bidder has concluded several
bilateral agreements today, with the objective of ensuring the acquisition
of a majority interest in the Company in several stages.

In the context of the takeover offer, ISARIA concluded an agreement with
the Bidder today in which the Bidder undertook to purchase all such shares
from a potential future capital increase of ISARIA in an amount of 50% of
the existing share capital, for which the subscription rights will not be
exercised by the Company's shareholders at a subscription price of EUR
4.50. The capital increase will take place at the earliest following the
approval of the competent antitrust authorities and is subject to certain
conditions. The funds from such capital increase amounting to EUR 53
million would significantly strengthen the Company's equity base. The
potential proceeds would be used to acquire new projects and to accelerate
the current projects.

At present, the Company intends, in agreement with the Bidder, to delist
the Company's shares from the regulated market of the Frankfurt Stock
Exchange in due course and to file an application for the revocation of the
listing of the shares on the regulated market of the Frankfurt Stock
Exchange. ISARIA does not intend to initiate a trading in another market
segment.

The management board of ISARIA, after consultation of the supervisory
board, welcomes the transaction as a whole and intends, subject to review
of the offer document, to support the takeover offer and to recommend that
ISARIA shareholders accept such offer.


17.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language:     English
Company:      ISARIA Wohnbau AG
              Leopoldstraße 8
              80802 München
              Germany
Phone:        +49 (0)89 38 99 84-0
Fax:          +49 (0)89 38 99 84-760
E-mail:       info@isaria.ag
Internet:     www.isaria.ag
ISIN:         DE000A1E8H38
WKN:          A1E8H3
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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