Warimpex Finanz- und Beteiligungs AG

EANS-Adhoc: Warimpex Finanz- und Beteiligungs AG
Warimpex resolves a capital increase

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23.10.2009

Not intended for distribution in the USA, Canada, Australia and
Japan.                  This is neither an offer nor a solicitation to buy
shares.

Warimpex resolves a capital increase

. Up to 9.99% of the current share capital with the exclusion  of   subscription    rights

. For financing future land acquisitions and optimising the financing structure

Vienna, 23 October 2009 - On 22 October 2009, the management board   of  Warimpex Finanz-  und    Beteiligungs    Aktiengesellschaft     ("Warimpex"),    Floridsdorfer Hauptstraße 1, 1210 Vienna, (ISIN: AT0000827209), a real  estate  developer  and investment company, whose main business is the establishment and  the  operation of hotels in CEE, determined with the approval of the supervisory board of  the same day, to increase the share capital by up to EUR 3,599,999.00 by issuing  up to 3,599,999 ordinary bearer shares with the exclusion  of  subscription  rights and therefore, exercising partly the authorised capital.

The placement of the new shares is accomplished by Raiffeisen Centrobank  AG  as book runner and  lead manager and by Wood&Company Financial  Services,  a.s.  as co-lead manager. The net proceeds from the offering shall  be  used  to  finance land  acquisitions  for   the  roll  out  of  budget  hotels  under  the    brands "Campanile" and "Premiere Class" and for the four-star brand  "angelo"  and  the selective investment in distressed assets in CEE. Furthermore, the net  proceeds from the offering shall be used to optimise  the   existing  financing  structure and to strengthen the equity base.

Details of the capital increase

On 22 October 2009, the management  board  of  Warimpex,  with  the   supervisory board's approval of the same day, has exercised the   authorization  to  increase the share capital from EUR 36,000,000 by up to EUR 3,599,999.00  to  up  to  EUR 39,599,999.00 by issuing of up to 3,599,999 new  no-par  value  ordinary  bearer shares with the exclusion of subscription rights against payment  in  cash.  The new shares will be offered exclusively either to qualified or to less   than  100 selected investors per EEA member state in the course of   an  accelerated  book- building-procedure. There is neither a rights offer  to  existing  shareholders nor a public offer of new shares.

Warimpex reserves the right to cancel the envisaged capital   increase.  The  new shares will be entitled to full dividends for the 2009  business  year  and  the following years and it is envisaged that the new shares will be included  on  or around 29 October 2009 in the official market  (prime  market  segment)  of  the Vienna Stock Exchange. The new shares are also envisaged to be included  in the official market to Warsaw Stock Exchange following registration   of  new  shares with the National Depository for Securities and its admission to  trade  by  the Warsaw Stock Exchange. It is expected that the new shares will  be  admitted  to trading in the forthcoming weeks on the Warsaw Stock Exchange.

Since the offer is exclusively directed to either qualified or to less than  100 selected investors per EEA member state and no public offer takes place  and  in addition, less than 10% of the shares of the same type  as  previously  approved for trading on the same regulated market will be issued, the  preparation  of  a prospectus pursuant to the Capital Markets Act or the Stock Exchange Act is  not required. It is envisaged that the final offer price will be determined  by  the management board of Warimpex with the approval of the  supervisory  board  after the end of the accelerated book-building-procedure on 23  October  2009  and  in consideration of the  six-month-average  trading  price  of  the  Warimpex-share (Vienna Stock Exchange, 22 October 2009) and it  is  envisaged  that the  final offer price will be published via electronic media on 23 October 2009.

As announced by the company on  7  October  2009,  the  subscription rights  of shareholders were excluded for the execution of  an   accelerated  book-building- procedure. The report of the management board regarding  the  exclusion  of  the subscription rights pursuant to section 171 para 2 in  connection  with  section 153 para 4 of the Austrian Stock Corporation Act is available on  the  company's website. By excluding  the  subscription  rights,  the  investor   base  will  be broadened and the freefloat will be increased.

Basic data of the transaction

Issuer: Warimpex Finanz- und Beteiligungs Aktiengesellschaft.

Offer: The new shares will exclusively be offered to either qualified investors with the  exclusion  of  subscription  rights  or  to  less than  100  selected investors per EEA member state in the course of a private placement.

Subscription ratio: None (subscription rights are excluded)

Offer period: It is envisaged that the offer period starts on  23   October  2009 and ends on 23 October 2009. The lead manager reserves the right  to  close  the book ahead of schedule or to cancel the offer ahead of schedule.

Offer price: It is envisaged to announce the offer price  on  23   October  2009; the offer price will be  determined  in  the  course   of  an  accelerated  book- building-procedure.

First listing of the new shares: it is envisaged to include the  new shares  on 29 October 2009 in the official market (prime  market   segment)  at  the  Vienna Stock Exchange; it is expected that the new shares will be admitted  to  trading in the forthcoming weeks on the Warsaw Stock Exchange..

Rights to dividends of the new shares: Full entitlement for the  2009 financial year and following years

Value Date: Presumably 29 October 2009 (Vienna)

ISIN: AT0000827209

Bookrunner & Lead Manager: Raiffeisen Centrobank AG

Co-Lead Manager: Wood&Company Financial Services, a.s.

Selling Agent: UniCredit CAIB Poland

Legal disclaimer

This ad-hoc announcement is intended for information  purposes  in   Austria  and constitutes neither an offer to  sell  nor  a   solicitation  to  buy  shares  of Warimpex Finanz- und Beteiligungs Aktiengesellschaft. No public offering of  the shares will take place. This ad-hoc announcement  is  not  for  distribution  or publication in or into the United States  of  America  (USA)  and   must  not  be distributed to "U.S. persons"  (as  defined  in   regulation  S  under  the  U.S. Securities Act of 1933, in the respective amended version) or publications  with a general circulation in the United States.  This  ad-hoc  announcement   neither constitutes an offer to sell nor a solicitation to buy shares in the USA.

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ots Originaltext: Warimpex Finanz- und Beteiligungs AG
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Warimpex Finanz- und Beteiligungs AG
Phone: +43 1 310 55 00
Christoph Salzer
mailto:presse@warimpex.com
Daniel Folian, mailto:investor.relations@warimpex.com
www.warimpex.com

Branche: Real Estate
ISIN:      AT0000827209
WKN:        
Index:    ATX Prime
Börsen:  Wien / official market



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