Alstria office REIT announced on Wednesday that it successfully placed 5.6 million shares with qualified investors as part of an accelerated bookbuilding process. The company increased its nominal share capital from EUR 56 mln to just under EUR 61.6 mln , having partially used its authorized capital and excluded the subscription rights of shareholders.
Alstria office REIT announced on Wednesday that it successfully placed 5.6 million shares with qualified investors as part of an accelerated bookbuilding process. The company increased its nominal share capital from EUR 56 mln to just under EUR 61.6 mln , having partially used its authorized capital and excluded the subscription rights of shareholders.
The shares are priced at EUR 8.75 each. The company will receive gross proceeds in the amount of approximately EUR 49 mln. The funds raised through the capital increase - after deduction of fees and expenses in connection with the issuance - will be used to finance further growth and to take advantage of acquisition opportunities.
'The successful capital increase is a testimony to the confidence of investors in Alstria’s business model,' said Alstria CEO Olivier Elamine. 'We are confident on the ability of the company to seize the opportunities that we see, and put our capital at work in accretive organic growth as well as in new external investments'.
