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Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Restructuring & Recapitalisations
Meinl European Land - Capital increase (E)

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Vienna, 24th March 2004
Meinl European Land, who has already placed two successful capital
increases in Fall 2003 effects now an additional capital increase.
The Equity will be increased from 65 Mio. Euro to 85 Mio. Euro
nominal value.  The subscription period for the 4 Mio. new shares
will run from 25th March to 8th April 2004, subscription price
accounts 11,98 Euro and the deal with rights issues will be from 31st
March to 2nd April 2004.
The 48 Mio. Euro new capital from the capital increase will push
Meinl European Land’s expansion and proceeds will - as until now -be
re-invested in long-term leased retail real estates in Hungary and
the Czech Republic.
With today Meinl European Land owns in total 136 real estate
properties in prominent location in Hungary and the Czech Republic.
In the current year 2004 Meinl European Land has already acquired
five properties in Hungary and one in the Czech Republic, which
generates total rental incomes of 1.230.000 Euro and a yield of more
than 9%. With 371.000 sqm, the total area has been more than doubled
within one year, the portfolio value and the rental income has been
increased even more. 
Simultaneously additional bonds with a total nominal value of 50 Mio.
Euro have been listed in the Amtlicher Handel of the Vienna Stock
Exchange. These bonds have been issued in January 2004 as an increase
of the bonds issued in July 2003. With today bonds with a total
nominal value of 100 Mio Euro are listed at the Stock Exchange.
end of announcement        euro adhoc 24.03.2004

Further inquiry note:

ECC Publico Public Relations & Lobbying
Mag. Claudia Müller-Stralz
Tel.: ++43 (0) 1/717 86 107
mailto:claudia.mueller@ecc-publico.com

Branche: Real Estate
ISIN: AT0000660659
WKN:
Index: Standard Market Auction
Börsen: Wiener Börse AG / official dealing

Weitere Storys: Meinl European Land Limited
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