Prelios Deutschland GmbH
B&L Immobilien AG english
B&L Immobilien AG confirms capital increase
Ad-hoc-announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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B&L Immobilien AG confirms capital increase
Hamburg, May 24, 2002 – The Management Board of B&L Immobilien AG today adopted
a resolution to raise share capital from its authorized capital. The decision
was approved by the Supervisory Board. The resolution calls for the issue of up
to 4,366,268 new shares. The major shareholders (Mr. A. Büll, A. Büll
Vermögensverwaltung GmbH and Dr. Liedtke Vermögensverwaltung GmbH) waive their
subscription rights with respect to 3,873,424 shares and transfer the respective
subscription rights to the banking syndicate for the bookbuilding process. The
company aims to achieve a free float of around 40%, including the standard
greenshoe option.
The subscription rights offer will be announced on June 1, 2002. The
subscription period is based on the legally prescribed period of two weeks as
well as the simultaneous bookbuilding process. The syndicate consists of Societe
Generale and WestLB Panmure, who will act as joint lead managers and joint
bookrunners. Hamburgische Landesbank will act as co-manager.
Further details on the share offering are contained in the preliminary
prospectus, which is soon to be published.
end of ad-hoc-announcement (c)DGAP 24.05.2002
Issuer’s information/explanatory remarks concerning this ad-hoc-announcement:
B&L Immobilien AG is listed for official trading on the German stock exchange.
The company’s object is the management, development, buy and sell of shopping
malls as well as office and residential properties. The company covers the
entire real estate value chain. In 2001 the company acquired an equity stake in
the two residential companies LEG Schleswig-Holstein
Landesentwicklungsgesellschaft mbH and Heimstätten Gesellschaft mbH Lübeck (HGL)
with more than 22,000 units in total. In fiscal year 2001 B&L Immobilien AG
posted an earning of 18.8 million euros (EBDT) and consolidated net income of
11.9 million euros from total sales and operating revenues of 57.9 million
euros.
Should you require further details, please contact:
Dr. Hans Hellberg
B&L Immobilien AG
Kajen 12
D-20459 Hamburg
Tel: +49 (40) 37 660-0
Fax: +49 (40) 37 660-111
contact@bl-ag.de
http://www.bl-ag.de
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WKN: 765950; ISIN: DE0007659500; Index:
Listed: Amtlicher Handel in Frankfurt; Freiverkehr in Berlin und München
240801 Mai 02
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