Vivacon AG

euro adhoc: Vivacon AG
Financing, Stock Offerings (IPO)
VIVACON AG announces details on planned IPO of Vivacon German Properties PLC

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Cologne, 16th May 2006. VIVACON AG (ISIN DE0006048911) discloses further details of the proposed flotation of the Isle of Man-based Vivacon German Properties PLC on the AIM segment of the London Stock Exchange. The consortium will consist of Credit Suisse and Lehman Brothers. VIVACON AG is acting as sponsor to Vivacon German Properties PLC, which is an independent, newly founded company. The international roadshow and bookbuilding are planned shortly.

Vivacon German Properties PLC plans to raise up to EUR 500 million in equity by way of the flotation. The transaction is an independent flotation of a new company and not a capital increase of German-listed VIVACON AG. VIVACON AG itself intends to acquire a 10% shareholding in the new company and plans to enter into a voluntary lock-up period of 18 months in respect of its holding.

VIVACON AG intends to earn recurring asset management fees through its subsidiary, Vivacon Real Estate Management GmbH, as well as receiving potential future dividends as a shareholder, both of which will contribute to greater earnings visibility in the future. Via this subsidiary, VIVACON AG will also have a success-related participation in potential profits generated from future sales of properties by Vivacon German Properties PLC.

Using a combination of equity and a bank debt, Vivacon German Properties PLC plans to invest up to cf. EUR 1.25 billion in profitable residential real estate assets in Germany within the next approximately 18 to 24 months. VIVACON AG will offer suitable residential real-estate portfolios to Vivcon German Properties PLC on a preferencial basis. In line with VIVACON AG’s business model, these will be in the form of leaseholds.

Not for distribution in the United States, Canada, Australia and Japan

This document does not constitute an offer for sale of shares, neither in the United States, nor any other jurisdiction. The shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended or under the securities laws of the individual states of the United States and must not be offered or sold in or be delivered to the United States. It is not intended to register the offering or any part thereof in the United States or to conduct a public offering in the United States.

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ots Originaltext: Vivacon AG
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Further inquiry note:
Sven Annutsch
Head of Corporate Finance
Tel: + 49 221 130 5621 630

Lars Schriewer
Director Communication
Tel: + 49 221 130 5621 631

Vivacon AG
Bayenthalgürtel 4
50968 Köln
Fax: + 49 221 / 130 5621 950

Branche: Real Estate
ISIN:      DE0006048911
WKN:        604891
Index:    CDAX, SDAX, Prime All Share, Classic All Share
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Bayerische Börse / official dealing

Weitere Meldungen: Vivacon AG

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