CPI PROPERTY GROUP
CPI PROPERTY GROUP: Issue of 448 million new shares in exchange for contribution of EUR 44,8 million bonds
DGAP-News: CPI PROPERTY GROUP / Key word(s): Miscellaneous CPI PROPERTY GROUP PRESS RELEASE CPI PROPERTY GROUP: Issue of 448 million new shares in exchange for contribution of EUR 44,8 million bonds CPI PROPERTY GROUP (the “Company“) announces the issue of 448,338,849 new ordinary shares in a debt-to-equity contribution. The new shares, having a par value of EUR 0,10 and a subscription price of EUR 0.101113 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 45,332,889.70 was paid today by contribution of bonds issued by the Company’s subsidiary Czech Property Investments, a.s. The contributed bonds were valued at their nominal (face) value plus accrued interest. The corporate share capital of the Company has thus been increased from EUR 600,276,458.7 represented by 6,002,764,587 shares to EUR 645,110,343.6 represented by 6,451,103,436 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 6,451,103,436 as of 15 June 2016. For further information please contact: Kirchhoff Consult AG Contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 D-20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 sebastian.bucher@kirchhoff.de
2016-06-15 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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 News | DGAP News Service |