Gazit-Globe Completes a Common Stock Offering Raising NIS 604 Million (US$ 155 Million)
(Thomson Reuters ONE) -
The Offering Saw High Demand of Approximately NIS 1 Billion in Orders
TEL-AVIV, Israel, Dec. 31, 2015 (GLOBE NEWSWIRE) -- Gazit-Globe (NYSE:GZT)
(TSX:GZT) (TASE:GZT), one of the world's leading multi-national real estate
companies focused on the management, acquisition, development and redevelopment
of supermarket-anchored shopping centers in major urban markets, announced today
the closing of its public offering of 17.0 million shares in Israel on the Tel
Aviv Stock Exchange at a price of NIS 35.5 per share (approximately US$ 9.1 per
share). The gross proceeds to the company were approximately NIS 604 million
(approximately US$ 155 million).
Gazit-Globe's controlling shareholder (50.2%), Norstar Holdings Inc., purchased
8.5 million shares for a total consideration of approximately NIS 300 million
(US$ 77 million).
The Company intends to use the proceeds from the offering to refinance existing
debt and for general corporate purposes.
The underwriters syndicate was led by Leader Capital Markets and Clal Finance
Underwriting and included Barak Capital Underwriting, Leumi Partners, Poalim
IBI, Excellence Underwriting, Inbar Underwriting, Value Base and Epsilon
Underwriting.
Rachel Lavine, CEO of Gazit-Globe said: "We are pleased with the results of the
offering and we thank our investors for their confidence in the company. The
offering will allow the company to maintain a strong balance sheet and high
liquidity for the benefit of the company's operating activities while
strengthening its ability to identify and execute new investment opportunities
in its core activity. We remain committed to further strengthen the company's
position as a leader in the global real estate market and to create value for
our shareholders."
About Gazit-Globe
Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock Exchange
(TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in Israel. As
of September 30, 2015 Gazit-Globe owns and operates 458 properties in more than
20 countries, with a gross leasable area of approximately 6.6 million square
meters and a total value of approximately US$ 21 billion.
FORWARD LOOKING STATEMENTS
This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control, that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such forward-
looking statements. Important factors that could cause or contribute to such
differences include risks detailed in our public filings with the SEC and the
Canadian Securities Administrators. Except as required by applicable law, we
undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise.
FOR ADDITIONAL INFORMATION
Investors Contact: IR(at)gazitgroup.com, Media Contact: press(at)gazitgroup.com
Gazit-Globe Headquarters, Tel-Aviv, Israel, Tel: +972 3 6948000
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire 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: Gazit-Globe via GlobeNewswire
[HUG#1976237]
Unternehmensinformation / Kurzprofil:
Datum: 31.12.2015 - 07:47 Uhr
Sprache: Deutsch
News-ID 441974
Anzahl Zeichen: 4507
contact information:
Town:
TEL AVIV-YAFO
Kategorie:
Business News
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