IC Immobilien Holding AG
IC Immobilien Holding AG: Realignment and Growth Impact 2010 Earnings. Financing of further Growth by Capital Increase for Cash Resolved
IC Immobilien Holding AG / Key word(s): Capital Increase/Preliminary Results 21.04.2011 / 14:27 Unterschleissheim near Munich, April 21, 2011 - In conjunction with its definitive realignment as an international asset and property manager, IC Immobilien Gruppe has undertaken revaluations for its 2010 annual accounts that are likely to return a group loss of more than EUR 2 million. IC Immobilien Holding AGs management and supervisory board resolved a capital increase for cash from authorised capital in a volume of up to EUR 747,600 leading to a total capital of EUR 3,738,000 by issue of up to 747,600 new shares, specifically to secure the funding for the chosen growth course. The new shares are participating for the business year 2011. In the rights offer the shareholders can request the new shares between April, 21st and May, 5th 2011 for a price of EUR 3.50 in exchange ratio of 4:1. Shares, which will not have been ordered due to the legal subscription rights, will be offered interested investors in a private placement for the subscription price. A stock trading of the subscription rights is not scheduled. Further details you find in the published complete rights offer on ICs website www.ic-group.de. This capital measure will enable the company to keep steering a consistent course toward asset management and property management leadership. In 2010, IC Immobilien Gruppe increased its assets under management by more than 20% to approx. EUR 8 billion. On top of that, it succeeded in acquiring more than EUR 600 million worth of real estate assets in new asset management and property management accounts during Q1 2010. About IC Immobilien Gruppe: IC Immobilien Group focuses on real estate services for German and international institutional investors. In addition, it assumes management tasks both for real estate funds launched in its own right and for third parties. At the moment, IC Immobilien Gruppe has more than 8.5 billion Euros in investment assets under management. The group currently maintains a staff of about 200 professionals, deployed at eight locations throughout Germany and at one office in North America. IC Immobilien Group manages a total of more than 20,000 private and institutional investors. End of Corporate News --------------------------------------------------------------------- 21.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory 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: IC Immobilien Holding AG Ohmstraße 4 85716 Unterschleißheim Deutschland Phone: +49 (0)89 / 55227-362 Fax: +49 (0)89 / 55227-355 E-mail: stephan.holeczek@ic-group.de Internet: www.ic-group.de ISIN: DE0005632160 WKN: 563216 Listed: Freiverkehr in Berlin, Hamburg, München, Stuttgart; Open Market in Frankfurt End of News DGAP News-Service --------------------------------------------------------------------- 120964 21.04.2011
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