Grand City Properties S.A.

EANS-News: Grand City Properties S.A.
Announcement of capital Increase

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  Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Capital measures

Luxembourg (euro adhoc) - Grand City Properties S.A. 

1st announcement of capital Increase 

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL

Grand City Properties S.A. announces capital Increase 

The Board of Directors of Grand City Properties S.A. resolved today to increase
company's total share capital from EUR 5,550,000 by up to EUR 800,000 to up to
EUR 6,350,000 through an issue of up to 8,000,000 new ordinary shares with a par
value of EUR 0,10 each, against cash contributions, by exercising the authorized
capital of the Company. The new shares carry dividend rights from 16 December
2011. The issue price for the new shares was fixed at EUR 4.46. Subscription
rights of existing shareholders were excluded. An investment bank will offer the
new shares to institutional investors in Germany and elsewhere in Europe by
means of a private placement. The Board of Directors will specify the number of
shares to be placed by separate resolution. The Company intends to use the net
proceeds from the capital increase for the funding of new acquisitions of real
estate property portfolios as part of its growth strategy. 

THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY IN
OR INTO THE UNITED STATES (AS DEFINED IN REGULATION S UNDER THE US SECURITIES
ACT OF 1933, AS AMENDED (THE "SECURITIES ACT")). THIS ANNOUNCEMENT IS NOT AN
OFFER TO SELL SECURITIES OR THE SOLICITATION OF ANY OFFER TO BUY SECURITIES, NOR
SHALL THERE BE ANY OFFER OF SECURITIES IN ANY JURISDICTION IN WHICH SUCH OFFER
OR SALE WOULD BE UNLAWFUL. THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE
NOT BEEN AND WILL NOT BE REGISTERED IN THE UNITED STATES UNDER THE SECURITIES
ACT AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC
OFFER OF THE SECURITIES IN THE UNITED STATES. 

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN
OFFER TO BUY OR THE SOLICITATION OF AN OFFER TO BUY ANY SHARES. 

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED
KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO
INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS
ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE "ORDER"), (II) HIGH NET WORTH
ENTITIES, AND OTHER PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED
FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY
OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO
AS "RELEVANT PERSONS"). THIS COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED
ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT
ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT
PERSONS AND WILL BE ENGAGED IN ONLY WITH RELEVANT PERSONS. BY READING THIS
ANNOUNCEMENT, THE READER ACKNOWLEDGES THAT IT IS A PERSON EITHER (I) OUTSIDE THE
UNITED KINGDOM OR (II) FALLING WITHIN ONE OF THE FOREGOING CATEGORIES. IN MEMBER
STATES OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT AND ANY OFFER IF
MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE "QUALIFIED INVESTORS"
WITHIN THE MEANING OF ARTICLE 2(1)(E) OF THE DIRECTIVE 2003/71/EC (THE
"PROSPECTUS DIRECTIVE") ("QUALIFIED INVESTORS"). ANY PERSON IN THE EEA WHO
ACQUIRES THE SECURITIES IN ANY OFFER (AN "INVESTOR") OR TO WHOM ANY OFFER OF THE
SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A
QUALIFIED INVESTOR. ANY INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND
AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON
BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE
SECURITIES BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO
PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY
OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE.


Further inquiry note:
Herr David Netzer
Tel.: 004930887088168/004930887088192
E-Mail: david.netzer@grandcity.lu

end of announcement                               euro adhoc 
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company:     Grand City Properties S.A.
             boulevard Pierre Dupong 6
             D-L-1430 Luxembourg
phone:       0035226187379
FAX:         0035226187779
WWW:      http://www.grandcityproperties.com
sector:      Financial & Business Services
ISIN:        LU0775917882
indexes:     Entry Standard Index
stockmarkets: Open Market: Frankfurt 
language:   English
 



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