DGAP-News: Opera One AG: Capital increase - BaFin approves OperaOne AG's securities prospectus
(firmenpresse) - DGAP-News: Opera One AG / Key word(s): Capital Increase/Corporate
Action
Opera One AG: Capital increase - BaFin approves OperaOne AG's
securities prospectus
30.06.2011 / 21:54
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NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN OR
AUSTRALIA.
- Public offering of 15,400,000 ordinary bearer shares
- Subscription period prospectively from July 11 to July 19, 2011
- Planned uplisting to Prime Standard
Frankfurt am Main, June 30, 2011 - The Federal Financial Supervisory
Authority (BaFin) has today approved the securities prospectus of OperaOne
AG for its planned capital increase. The Management Board passed a
resolution on June 17, 2011 to offer a total of 14,000,000 new shares from
the capital increase that formed a subject of a resolution by the Annual
General Meeting of OperaOne AG of March 8, 2011. The Management Board
passed a further resolution to submit an application for admission to the
Regulated Market, and, at the same time, to the subsegment with additional
admission requirements (Prime Standard) of the Frankfurt Stock Exchange. As
part of the capital measure, the company's share capital is to be increased
from currently EUR 20,000,000 to up to EUR 34,000,615. A total of up to
14,000,000 new ordinary bearer shares, each with a notional amount in the
share capital of EUR 1.00, are to be issued for this purpose. The offer is
divided into 14,000,000 new shares and up to 1,400,000 shares from the
selling Greenshoe shareholder Franconofurt AG as part of a potential
over-allotment. Subscription rights are also to be granted to existing
shareholders. There will be no subscription rights trading.
The new shares will be offered in the Federal Republic of Germany as part
of a public offering, as well as within certain jurisdictions outside the
Federal Republic of Germany as part of a private placing. The offering
period for the public selling offer will start prospectively on July 11,
2011, and will end on July 19, 2011 (11:00 hours Central European Time for
private investors, and 12:00 hours Central European Time for institutional
investors). The placing price for the offered shares will be determined at
the end of the offering period on the basis of the bookbuilding procedure
that will start on July 11, 2011. The offering period for the subscription
offer is scheduled to start on July 6, 2011, and to end prospectively on
July 19, 2011. The shares are to commence quotation in the Prime Standard
of the Frankfurt Stock Exchange on July 26, 2011.
The lead manager and sole bookrunner is biw Bank für Investments und
Wertpapiere AG, supported by its contractually bound agent (pursuant to
Section 2 Paragraph 10 of the German Banking Act [KWG]), Silvia Quandt&Cie. AG.
OperaOne AG intends to deploy the issue proceeds to purchase and revitalise
further residential and commercial properties with potential for
development. Thus, parts of the current pipeline, which amounts to a total
volume of approximately EUR 420 million, are to be realised.The
strengthening of the company's equity-base resulting from the capital
increase will allow the company to act with greater flexibility in terms of
both timing and financing when acquiring further real estate.
Company profile
OperaOne AG is a project development company that specialises in the
acquisition, development and sale of high-quality residential real estate.
The company focuses its investments on the inner city area of Frankfurt am
Main, particularly within the sought-after area within a radius of
approximately 3 km around the 'Alte Oper' ('Old Opera House'). This
includes the popular city districts of Westend, Nordend, Holzhausenviertel,
Sachsenhausen and Europaviertel, among others. The company primarily
purchases existing residential and commercial properties that offer the
potential for expansion and alternative utilisation. The targeted, average
project-related investment volume amounts to around EUR 15 million. The
acquired properties are realised on the basis of modern, high-quality
residential concepts with a focus on the sustainability aspects of
residential quality, and economic and energy efficiency, before being sold.
A further focus is on the development of exclusive high-quality residential
properties for so-called business living.
The company is currently developing the 'Westend Suites' residential
project in Frankfurt's West End. This residential building, which is being
renovated to high-quality standards, contains 43 apartments and five
penthouses entailing a total living area of around 4,250 m². It is located
between the Mendelssohnstrasse and Arndstrasse in parallel with the
Bockenheimer Landstrasse. The company aims to complete the project by the
first quarter of 2012, before selling the Westend Suites as part of a
global sale.
OperaOne AG has set itself the long-term objective of becoming a leading
project developer of high-quality residential real estate in Frankfurt am
Main. The company also aims to realise this objective in the form of joint
ventures in other development companies' projects. Over the past 20 years,
OperaOne AG's management has developed and realised many comparable
properties in top Frankfurt locations. Based on an extensive and
established network that includes real estate agents, city planners,
investors and project developers, the company has created a project
pipeline with a volume in the mid-triple-digit range in millions of euros.
Projects in this pipeline are to be acquired by pure equity financing on
the part of OperaOne AG.
Contact:
cometis AG
Ulrich Wiehle / Dirk Ulmer
Tel.: +49 (0)611 - 205855-24
Fax: +49 (0)611 - 205855-66
E-mail: ulmer(at)cometis.de
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in OperaOne AG (the 'Shares') may not be offered
or sold in the United States or to or for the account or benefit of 'U.S.
persons' (as such term is defined in Regulation S under the Securities Act
of 1933, as amended (the 'Securities Act')) absent registration or an
exemption from registration under the Securities Act. The Shares have not
been and will not be registered under the Securities Act. No offer or sale
of securities is being made to the public outside Germany. The offer in
Germany will be made exclusively by means of and on the basis of a
prospectus published and available free of charge at www.operaone.de. 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 (as amended) (the 'Order') or (iii) high
net worth companies, and other per-sons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons in (i), (ii) and (iii) above together being referred to as
'relevant persons'). The securities are only available to, and any
invitation, offer or agreement to subscribe for, 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 ist contents.
End of Corporate News
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30.06.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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130473 30.06.2011
Datum: 30.06.2011 - 21:54 Uhr
Sprache: Deutsch
News-ID 34514
Anzahl Zeichen: 0
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Kategorie:
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