CPI PROPERTY GROUP
GSG GROUP – Capital Increase
GSG GROUP / Key word(s): Capital Increase GSG GROUP – Capital Increase Luxembourg, 16 June 2014. Further to its press release of 12 June 2014 “Implementation of the transaction with Czech Property Investments, a.s.” GSG GROUP (the “Company”) announces that it issued 576,673,203 new ordinary shares (the “New Shares”) to Mr. Radovan Vitek. The New Shares were issued today at the subscription price of EUR 0.47 per share and were paid in kind by the contribution of 1,807,872 ordinary shares of Czech Property Investments, a.s. (“CPI”) by Mr. Vitek, valued at EUR 271,036,955.61. As of today, the Company holds approximately 23.38% of the shares and the voting rights in CPI. The New Shares are not listed upon their issue, but the Company will seek to list them on the Frankfurt Stock Exchange as soon as reasonably practicable, subject to legal and regulatory requirements. Following this capital increase, the share capital of the Company has been increased from EUR 45,392,133.90 represented by 453,921,339 shares to EUR 103,059,454.20 represented by 1,030,594,542 shares. As such, the total number of shares of the Company comprising the total number of voting rights attached thereto is 1,030,594,542 as of 16 June 2014. About us GSG GROUP (formerly ORCO Germany S.A.) is a real estate group founded in 2004 that operates in Germany and headquartered in Luxembourg. It is listed on the Regulated Market of the Frankfurt Stock Exchange, General Standard segment. GSG GROUP specializes in commercial real estate, project development and asset management, and is mainly active in the Berlin market. Through its subsidiary, Gewerbesiedlungs-Gesellschaft (GSG), it remains one of the leading providers of commercial real estate in Berlin. Press-Contact: End of Corporate News 16.06.2014 Dissemination of a Corporate News, transmitted by DGAP – a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP’s 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: | GSG GROUP | |
40, rue de la Vallée | ||
L-2661 Luxembourg | ||
Grand Duchy of Luxembourg | ||
Phone: | +49 (0)30 390 93 116 | |
Fax: | +49 (0)30 390 93 199 | |
E-mail: | patricia.jaenisch@orco-gsg.de | |
Internet: | www.orcogermany.de | |
ISIN: | LU0251710041 | |
WKN: | A0JL4D | |
Listed: | Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Düsseldorf, Stuttgart | |
End of News | DGAP News-Service |
273872 16.06.2014 |