Chamartin Meermann Immobilien AG
Chamartín Meermann Immobilien announces details on IPO
Chamartin Meermann Immobilien AG / IPO 25.06.2010 16:43 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- THE INFORMATION CONTAINED IN THIS DOCUMENT IS NEITHER FOR PUBLICATION NOR CIRCULATION IN OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. Chamartín Meermann Immobilien announces details on IPO - Share price range between EUR 7.70 and 9.70 - Offer period from 28 June 2010 to 5 July 2010 - Majority of issues are from capital increase with a volume of up to EUR 62.6m - Scheduled start of trading on the Prime Standard on 7 July 2010 Berlin, 25 June 2010 - Chamartín Meermann Immobilien AG (CMI AG), largest real estate developer in Berlin, published its securities prospectus today, as approved by the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin), on the company website at www.cmi-ag.de and is announcing further details on its IPO. In the public offering, CMI AG is issuing a total of up to 7,305,000 shares. The majority of up to 6,455,000 shares result from a capital increase. Under the greenshoe option, the company is offering an additional number of up to 1,095,750 existing shares of its shareholder, the Spanish real estate group Inmobiliaria Chamartín S.A. The price range has been determined between EUR 7.70 and EUR 9.70. Based on this, CMI AG expects to gain up to EUR 62.6 million from the capital increase. The offer period begins Monday, 28 June 2010 and ends on Monday, 5 July 2010 at 16:00 hours CET. The CMI shares are scheduled to be listed for trading in the Prime Standard of Frankfurt Stock Exchange on 7 July 2010. CMI AG is planning to use the proceeds primarily for strengthening its equity base and financing its existing project pipeline, which has an anticipated sales volume of approximately EUR 600 million. Furthermore, the proceeds will be used for acquiring projects that are currently still being assessed, mainly in prime locations in Berlin, the regional focus of the company. The Spanish majority shareholder Inmobiliaria Chamartín S.A. is using the IPO to pursue its strategy change from central to local financing for its activities abroad and allowing a higher level of independence for CMI AG. After a successful IPO, the share of the Spanish real estate group in CMI AG will be reduced from the current 90% to 49.5% before the greenshoe option and to 42.9% after the option has been completely exercised. Heinz H. Meermann, founder and chairman of the Supervisory Board, will not sell any shares in the IPO and is expected to hold a stake of 6.1% after the IPO. Free float of CMI AG shares will amount to 51.1% if all offered shares are placed and the greenshoe option is fully exercised. Both existing CMI AG shareholders have resolved a lock-up agreement stating that Inmobiliaria Chamartín S.A. may not sell any CMI shares within twelve months and Heinz H. Meermann is restricted from selling any CMI shares for 24 months after the IPO. The IPO will include a public offering to retail and institutional investors in Germany as well as international private placements with institutional investors in Europe. Hauck & Aufhäuser Privatbankiers and BankM - representatives of biw Bank für Investments und Wertpapiere - will act as joint lead manager and joint bookrunner. Silvia Quandt Bank as co-lead manager is also part of the consortium. Orders will be accepted among others by comdirect bank AG, DAB bank AG as well as flatex Online Broker. On the occasion of the planned initial public offering, the company will host a Press and Analyst Conference on Tuesday, 29 June 2010, at 9 a.m. in the Maritim Hotel Frankfurt, Theodor-Heuss-Allee 3, 60486 Frankfurt/Main. About Chamartín Meermann Immobilien AG: Chamartín Meermann Immobilien AG (CMI AG) is the largest project developer in Berlin. The company operates across the residential, office, commercial and hotel segments and has a project volume of around EUR 600 million. It focuses on creating highly attractive living spaces at premium locations in 'Neue Berlin-Mitte'. Working only to highest of quality standards, the company creates true value for any location as well as its stakeholders by drawing on expertise, creativity and attention to detail. It concentrates on refurbishing exclusive historical buildings, new construction projects in first-class locations and developing city quarters with unique qualities. The independent group emerged from a cooperation with the Spanish real estate group Inmobiliaria Chamartín S.A. and has a wealth of know-how in project development spanning more than 30 years at its disposal. Additional information is available at: www.cmi-ag.de. Contact: Barbara Lipka Head of Communications Chamartín Meermann Immobilien AG Tel.: +49 (0)30 308775 150 Fax: +49 (0)30 308775 199 E-mail: barbara.lipka@cmi-ag.de Dariusch Manssuri IR.on AG Tel.: +49 (0)221 91409 75 E-mail: dariusch.manssuri@ir-on.com The offer described in this announcement does not constitute an offer to buy or subscribe for securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the 'Securities Act') or another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, 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. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States. This press release only serves advertisement purposes and does not constitute a securities prospectus.Investors should not purchase or subscribe for any shares referred to in this press release except on the basis of the information in the securities prospectus issued by Chamartín Meermann Immobilien AG (the 'Company') in connection with the offering of such shares and approved by the German Financial Supervisory Authority (BaFin). Copies of the prospectus are available free of charge from Chamartín Meermann Immobilien AG (SpreeKarree, Friedrichstraße 136, 10117 Berlin, Germany) or on the Company's website (www.cmi-ag.de). This announcement includes 'forward-looking statements', which are based on evaluations and assumptions made to the best knowledge by the management of Chamartín Meermann Immobilien AG. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may lead to a considerable discrepancy of the earning and profit situation, value development or the results of Chamartín Meermann Immobilien AG from the earning and profit situation, value development or the result, which is expressly and implicitly described in these forward-looking statements. Considering the risks, uncertainties as well as the other factors, recipients of this press release should not inadequately rely on these forward-looking statements. Chamartín Immobilien AG does not take any obligation to currently adjust such forward-looking statements and to adjust them to future events and developments. 25.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Chamartin Meermann Immobilien AG Friedrichstr. 136 10117 Berlin Deutschland Phone: +49 (0)30 308 775 305 Fax: +49 (0)30 308 775 399 E-mail: info@cmi-ag.de Internet: www.chamartin.de WKN: End of News DGAP News-Service ---------------------------------------------------------------------------
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