DGAP-News: Madison Property AG sets issue price for IPO at EUR 26
(firmenpresse) - DGAP-News: Madison Property AG / Key word(s): IPO
Madison Property AG sets issue price for IPO at EUR 26
02.12.2010 / 18:43
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Berlin/Frankfurt, 2 December 2010 - In coordination with the lead manager
VEM Aktienbank AG, the Management Board of Madison Property AG has set the
issue price for the shares deriving from the capital increase with a public
offering at EUR 26.00. The issue price was set at the lower end of the
bookbuilding range. In total, 189,500 new shares have been placed. The
offering volume amounts to approx. EUR 5 million. The total number of
shares outstanding now amounts to 3.69 million. The listing in the Entry
Standard of Frankfurt Stock Exchange will take place on 6 December 2010.
Due to the current capital market environment, the issue volume was reduced
compared to the former plans. This will have no effect on the current
projects under construction. The current real estate projects, especially
the phase 1 of the Chongqing Project (industrial park) will be realised as
planned with an adjustment of the financing mix and, if needed, of the
design of the construction phases.
The shares from the capital increase had been offered publically to
interested investors in Germany and Luxembourg with a price range of EUR
26.00 to EUR 29.00. The offering period lasted from 22 November 2010 to 2
December 2010. About 7% of the shares had been placed with retail investors
and about 93% with institutional investors in Germany and abroad. The
shares were allocated to private investors on the basis of consistent
criteria, with each investor being allocated 67% of his order.
About Madison Property AG
Madison Property AG is a German stock corporation under the laws of Germany
with its legal seat in Berlin. It is the holding company of Madison
Property Group Limited which operates as a large scale property developer
with its local subsidiaries in China, mainly in the Shandong Province and
the municipality of Chongqing. Founded in 1998, Madison already completed
and successfully sold 14 projects/project phases. It is focused mainly on
residential properties with high quality and travel as well as leisure
properties. Madison is recognised as a Class I property developer by the
People's Republic of China Ministry of Housing and Urban-Rural Development
and can therefore undertake projects nationwide without limitation on the
construction scale.
For further information please contact:
Kirchhoff Consult AG
Dr. Kay Baden
T: +49 40 60 91 86 34
F: +49 40 60 91 86 60
E-Mail: baden(at)kirchhoff.de
or visit www.madisonproperty.de
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Madison Property AG. The offer is being made solely by
means of, and on the basis of, the published securities prospectus
(including any supplements thereto). An investment decision regarding the
publicly offered securities of Madison Property AG should only be made on
the basis of the securities prospectus. The securities prospectus is
available free of charge from the Company, the syndicate bank or on the
Company's website (www.madisonproperty.de).
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of Madison
Property AG (the 'Shares') have not been registered under the U.S.
Securities Act of 1933, as amended (the 'Securities Act') and may not be
offered or sold in the United States unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
02.12.2010 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
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105389 02.12.2010
Datum: 02.12.2010 - 18:43 Uhr
Sprache: Deutsch
News-ID 32786
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Kategorie:
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