Eurocastle Announces intention to raise additional capital through an Offer of Shares
(Thomson Reuters ONE) -
EUROCASTLE INVESTMENT LIMITED
FOR IMMEDIATE RELEASE
Contact:
International Administration Group (Guernsey) Limited
Company Administrator
Attn: Mark Woodall
Tel: +44 1481 723450
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR TO U.S. , AUSTRALIAN, CANADIAN
OR JAPANESE PERSONS OR TO ANY OTHER JURISDICTION OR PERSONS WHERE TO DO SO WOULD
CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.
Eurocastle Announces intention to raise additional capital through an Offer of
Shares
----
Guernsey 15 May 2013
Eurocastle Investment Limited (the "Company") announces today that it intends to
raise additional capital through an offer of 10,000,000 new ordinary shares (the
"Offer Shares") to certain institutional and other sophisticated investors (the
"Offer"). Full details of the Offer will be contained in a prospectus (the
"Prospectus") to be published in due course subject to regulatory approval. A
further announcement will be made once the Prospectus has been published.
The net proceeds of the Offer will be used by the Company to pursue new
investment opportunities in the Italian real estate and debt markets in line
with the Company's new investment focus.
The Company has engaged Credit Suisse Securities (Europe) Limited to act as the
sole bookrunner (the "Sole Bookrunner") in relation to the Offer.
About Eurocastle
Eurocastle Investment Limited is an investment company which primarily owns and
manages German commercial real estate assets. The Company is Euro denominated
and is listed on Euronext Amsterdam under the symbol "ECT." Eurocastle is
managed by an affiliate of Fortress Investment Group LLC, a leading global
alternative asset manager. For more information regarding Eurocastle Investment
Limited and to be added to our email distribution list, please visit
www.eurocastleinv.com.
For further information please contact:
International Administration Group (Guernsey) Limited
Company Administrator and Secretary
Attn: Mark Woodall
Tel: +44 14 8172 3450
This announcement is an advertisement and not a prospectus and does not
constitute or form part of any offer or invitation to sell or issue, or any
solicitation of any offer to purchase or subscribe for, sell, otherwise dispose
of or issue any Offer Shares or any other securities, nor shall it (or any part
of it), or the fact of its distribution, form the basis of, or be relied on in
connection with, any contract commitment or investment decision in relation
thereto nor does it constitute a recommendation regarding the securities of the
Company. Investors should not subscribe for or purchase shares referred to in
this announcement except on the basis of information in the Prospectus. No
public offer is being made in respect of the Offer Shares. In any member state
that has implemented the Prospectus Directive, the Offer will only be made to,
and will only be directed at, qualified investors in that member state within
the meaning of the Prospectus Directive or otherwise so that there is no offer
to the public in that member state.
Application will be made for all of the Offer Shares to be admitted to listing
on NYSE Euronext in Amsterdam. The Company, NYSE Euronext in Amsterdam and the
Listing Agent do not accept any responsibility or liability with respect to any
person as a result of the withdrawal of the listing or the (related) annulment
of any transaction in Shares on NYSE Euronext in Amsterdam.
Credit Suisse Securities (Europe) Limited ("Credit Suisse"), which is authorised
and regulated in the United Kingdom by the Financial Conduct Authority, is
acting as Sole Bookrunner to the Company in connection with the Offer. Credit
Suisse are acting exclusively for the Company and for no one else in connection
with the Offer and will not be responsible to anyone other than the Company for
providing the protections afforded to clients of Credit Suisse nor for giving
advice in relation to the Offer, the contents of the Prospectus or any other
matter related thereto.
Prospective investors are required to make their own independent investigation
and appraisal of the business and financial condition of the Company and neither
the Company, Credit Suisse or any other person has authorised an third party to
make such a recommendation. This document does not constitute a recommendation
to participate in the Offer. Each investor should consult with his or her own
advisers as to the legal, tax, business, financial and related aspects of a
purchase of the Offer Shares.
Neither this announcement nor the Prospectus constitute an offer to sell, or the
solicitation of an offer to subscribe for or acquire Shares in the United States
or in any other jurisdiction or in which such offer or solicitation is unlawful
or would impose any unfulfilled registration, qualification, publication or
approval requirements on the Company or the Advisers, and, in particular, are
not for release, publication or distribution in the United States, Australia,
Canada or Japan or to U.S., Australian, Canadian or Japanese persons. The Offer
Shares may not be offered or sold in the United States absent an exemption from
registration under the Securities Act of 1933, as amended (the "Securities
Act"). The Offer Shares have not been and will not be registered under the
Securities Act or any other applicable law of the United States, or under the
applicable securities laws of Australia, Canada or Japan. The Company will not
be registered under the U.S. Investment Company Act of 1940, as amended, and
investors will not be entitled to the benefits of such act.
There will be no public offer of the Offer Shares in the United States.
Subject to certain exceptions, the Offer Shares may not be offered or sold in
the United States, Australia, Canada or Japan or to, or for the account or
benefit of, any U.S. person, or any national, resident or citizen of Australia,
Canada or Japan.
Neither the content of Eurocastle's website (or any other website) nor the
content of any website accessible from hyperlinks on Eurocastle's website (or
any other website) is incorporated into this announcement.
Forward looking statements
Some of the statements contained in this announcement may include forward-
looking statements which reflect Eurocastle's or, as appropriate, the Directors'
current views with respect to future events and financial performance.
Statements which include the words "targets", "expects", "assumes", "believe",
"intend", "plan", "project", "anticipate", "would" and similar statements of a
future or forward-looking nature identify forward-looking statements for the
purposes of the US federal securities laws or otherwise.
All forward-looking statements address matters that involve risks and
uncertainties. Accordingly, there are or will be important factors that could
cause Eurocastle's actual results to differ materially from those indicated in
these statements. These forward-looking statements speak only as at the date of
this announcement. Undue reliance should not be placed on the forward-looking
statements in this press release, which are based on information available to
Eurocastle as of the date hereof. The financial information included in this
press release reflects Eurocastle's current preliminary estimates, is subject to
the completion of the Company's year end financial review process and is subject
to change. Subject to any continuing obligations under the Listing Rules and the
Disclosure and Transparency Rules, Eurocastle undertakes no obligation publicly
to update or review any forward-looking statement contained in this
announcement, whether as a result of new information, future developments or
otherwise.
Credit Suisse and its respective affiliates expressly disclaims any obligation
or undertaking to update, review or revise any forward-looking statement
contained in this announcement whether as a result of new information, future
developments or otherwise.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Eurocastle Investment Limited via Thomson Reuters ONE
[HUG#1702277]
Unternehmensinformation / Kurzprofil:
Datum: 15.05.2013 - 17:12 Uhr
Sprache: Deutsch
News-ID 260503
Anzahl Zeichen: 9721
contact information:
Town:
St Peter Port
Kategorie:
Business News
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