Alstria office REIT has announced plans to issue 10,000,000 new shares as part of a capital-raising exercise to finance future acquisitions. The new issue is expected to boost Alstria’s nominal share capital from EUR 61,599,999 to up to EUR 71,599,999.
Alstria office REIT has announced plans to issue 10,000,000 new shares as part of a capital-raising exercise to finance future acquisitions. The new issue is expected to boost Alstria’s nominal share capital from EUR 61,599,999 to up to EUR 71,599,999.
In addition, Alstria’s majority shareholder Captiva will offer up to 16,700,000 shares as well as up to 2,500,000 additional shares as an overallotment option. Alstria said the Captiva placement is another important step towards increasing the free float and liquidity of its shares.
The new shares will be issued excluding the subscription rights of shareholders and will bear full dividend rights for the fiscal year 2010, for which management is proposing a dividend of EUR 0.44 per share. The new shares will be offered in a public offering in Germany and Luxembourg as well as in a private placement to institutional investors in
Germany and abroad via a bookbuilding process. The new shares will be admitted to trading in the regulated market segment of the Frankfurt Stock Exchange.
The transaction will be managed by J.P. Morgan and UBS as Joint Global Coordinators and Joint Bookrunners. It follows a EUR 49 mln capital increase in September 2010.
