Gazit-Globe
Gazit-Globe Announces a Private Placement of Shares and Warrants for Approximately US$ 32 Million Immediately and Up to a Total of Approximately US$ 94 Million, Assuming the Full Exercise of the Warrants

DGAP-News: Gazit-Globe

28.09.2014 / 10:37

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Gazit-Globe Announces a Private Placement of Shares and Warrants for
Approximately US$ 32 Million Immediately and Up to a Total of Approximately US$
94 Million, Assuming the Full Exercise of the Warrants 

TEL-AVIV, Israel, Sept. 28, 2014 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:TSX)
(TASE:GZT), one of the world's leading multi-national real estate companies
focused on the acquisition, development and redevelopment of
supermarket-anchored shopping centers in major urban markets, announced today a
private placement of shares and warrants convertible into shares for
approximately US$ 32 million and up to a total of approximately US$ 94 million,
assuming the full exercise of the warrants. 

As part of the offering, the company will issue 2.4 million shares at US$ 13.25
per share, for US$ 31.8 million, of which 1,700,000 shares will be issued to a
third-party institutional investor and 700,000 shares will be issued to Norstar
Holdings, the company's largest shareholder. 

In addition, the company will issue 4,800,000 warrants at an exercise price of
US$ 13.00 per share, of which 3,400,000 warrants will be issued to the
third-party institutional investor and1,400,000 warrants will be issued to
Norstar Holdings. The exercise period for the warrants will be until December
29, 2014. The additional funds received by the company, assuming the full
exercise of the warrants, will be US$ 62.4 million. 

The closing of the private placement is subject to the receipt of regulatory
approvals and includes other conditions as disclosed in the company's public
disclosures. 

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock
Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in
Israel. Gazit-Globe owns and operates 561 properties in more than 20 countries,
with a gross leasable area of approximately 6.6 million square meters and a
total value of approximately US$ 22 billion. 

FORWARD-LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control, that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute to
such differences include risks detailed in our public filings with the SEC and
the Canadian Securities Administrators. Except as required by applicable law,
we undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise. 


         CONTACT: Investors Contact:
         IR@gazitgroup.com,
         Media Contact: press@gazitgroup.com
         Gazit-Globe Headquarters,
         Tel-Aviv, Israel, Tel: +972 3 694 8000 /
         New York Office, Tel: +1 212 897 9741
News Source: NASDAQ OMX



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28.09.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English       
Company:     Gazit-Globe   
 
 
             Panama        
ISIN:        PAL0605071A3  
 
 
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