CPI PROPERTY GROUP
CPI PROPERTY GROUP: Issue of 2.5 billion new shares in exchange for contribution of EUR 251.5 million bonds
CPI PROPERTY GROUP / Key word(s): Capital Increase 21.04.2016 19:38 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. --------------------------------------------------------------------------- AD HOC RELEASE Luxembourg, 21 April 2016 CPI PROPERTY GROUP: Issue of 2.5 billion new shares in exchange for contribution of EUR 251.5 million bonds CPI PROPERTY GROUP (the "Company") announces the issue of 2,514,691,202 new ordinary shares in a debt-to-equity contribution. The new shares having a par value and a subscription price of EUR 0.10 each were issued today in a reserved capital increase under the Company's authorized share capital and fully paid by contributions in kind. The aggregate subscription price of EUR 251,469,120.20 was paid today by transfer of bonds issued by the Company and the Company's subsidiary Czech Property Investments, a.s. The contributed bonds were valued at their nominal (face) value plus accrued interest as at 21 April 2016, amounting in aggregate to EUR 251,469,120.20. The corporate share capital of the Company has thus been increased from EUR 330,376,830 represented by 3,303,768,300 shares to EUR 581,845,950.20 represented by 5,818,459,502 shares. The new shares are not listed upon their issue, but the Company will seek to list them on the Frankfurt Stock Exchange, subject to legal and regulatory requirements. The total number of shares comprising the share capital of the Company is therefore 5,818,459,502 as of 21 April 2016. The new shares were subscribed by two entities owned by Mr. Radovan Vítek (2,483,429,178 shares in aggregate) and certain other holders of bonds (31,262,024 shares in aggregate), including some members of management and senior advisors of the Company. The Company contemplates potential further debt-to-equity contributions in order to further strengthen its indebtedness and balance sheet of the entire group. The Company further resolved in principle to increase the capital raising goal of the Company, so that it could raise an additional EUR 330,376,830 and intends to give to its shareholders a possibility to participate at a capital increase of the Company in cash at the issue price of EUR 0.10 for each new shares to be issued, such issue price being equivalent to the one that has been used in today's debt-to-equity contribution. This capital increase would be realized by offering to all the shareholders of the Company, who are shareholders as at 23:59 CET (end of day) on 20 April 2016, the possibility to subscribe for cash to additional shares in the Company pro rata to their shareholding as at 23:59 CET (end of day) on 20 April 2016. This capital increase is conditional upon the approval by the extraordinary general meeting of the Company's shareholders (the "2016 EGM") to be held at the time of its annual general meeting on 26 May 2016 in Luxembourg of a new authorized share capital of EUR 1,000,000,000 (one billion Euro) of the Company to be used for, among other things, realizing such capital increase, being understood however that this capital increase is also subject to further legal and regulatory requirements, including the prospectus approved by the CSSF. --------------------------------------------------------------------------- Information and Explanation of the Issuer to this News: IMPORTANT: UNDER NO CIRCUMSTANCES SHALL THIS NOTICE CONSTITUTE AN OFFER TO SELL, OR ISSUE OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR SECURITIES IN THE GRAND DUCHY OF LUXEMBOURG. For further information please contact: Kirchhoff Consult AG Andrew Stammler Herrengraben 1 20459 Hamburg T +49 40 60 91 86 34 F +49 40 60 91 86 60 E andrew.stammler@kirchhoff.de 21.04.2016 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: CPI PROPERTY GROUP 40, rue de la Vallée L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +352 264 767 1 Fax: +352 264 767 67 E-mail: contact@cpipg.com Internet: www.cpipg.com ISIN: LU0251710041 WKN: A0JL4D Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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