DGAP-News: KWG Kommunale Wohnen AG: KWG Kommunale Wohnen AG closes its rights issue and raises gross proceeds of EUR 18.8 millions
(firmenpresse) - DGAP-News: KWG Kommunale Wohnen AG / Key word(s): Corporate
Action/Capital Increase
KWG Kommunale Wohnen AG: KWG Kommunale Wohnen AG closes its rights
issue and raises gross proceeds of EUR 18.8 millions
05.04.2012 / 08:00
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Hamburg, 05 April 2012 - KWG Kommunale Wohnen AG (hereinafter KWG AG) has
successfully closed its rights issue from its authorised capital. By
issuing the total of 3,576,505 new shares at a subscription price of EUR
5.25 the company raises gross proceeds of approximately EUR 18.8 millions.
The subscription period for its existing shareholders lasted from 16 March
2012 until 30 March 2012. New shares that had not been subscribed to during
the subscription period, have been placed in a private placement with
institutional investors at the subscription price of EUR 5.25 per share.
After registration of the capital increase in the Commercial Register that
is expected for 10 April 2012 the share capital of KWG AG will be increased
by issuing 3,576,505 new bearer shares (notional no-par-value shares) by
EUR 3,576,505 from EUR 10,804,729 to EUR 14,381,234. Each new share will
have a notional share of EUR 1.00 in KWG AG's share capital. The new shares
are expected to trade pari passu to the existing old shares from 11 April
2012 at the Frankfurt Stock Exchange.
The proceeds from the capital increase will enable KWG AG to fund further
accretive growth projects from its already existing and FFO-positive
operational platform.
Silvia Quandt&Cie AG as tied agent of biw Bank für Investments und
Wertpapiere AG had a significant role in the success of the capital
increase along with ACON Actienbank AG and LFG Kronos Investment Services
GmbH.
CEO Stavros Efremidis is very content with the outcome: 'Silvia Quandt and
Cie. AG has successfully explained our growth story to the markets and has
placed our shares with renowned international investors. The capital
increase is an important milestone in KWG AG's success story.'
KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
End of Corporate News
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05.04.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: KWG Kommunale Wohnen AG
Alstertor 9
20095 Hamburg
Germany
Phone: 040 22 63 088 100
Fax: 040 22 63 088 200
E-mail: ir(at)kwg-ag.de
Internet: www.kwg-ag.de
ISIN: DE0005227342
WKN: 522734
Listed: Freiverkehr in Berlin, München, Stuttgart; Open Market
(Entry Standard) in Frankfurt
End of News DGAP News-Service
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164027 05.04.2012
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Datum: 05.04.2012 - 08:00 Uhr
Sprache: Deutsch
News-ID 132354
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Kategorie:
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