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Abonner Meinl European Land Limited

Meinl European Land Limited

euro adhoc: Meinl European Land Limited
Restructuring & Recapitalisations
Corrected version of the ADHOC release announced on 25th February 2005
8:00 : Meinl European Land Limited issues 42 million new shares Third largest Capital increase in the

Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
25.02.2005
Unfortunaltely the ADHOC release, which we have published earlier
this morning, was not the correct version. Please find below the new
corrected version:
Meinl European Land, the Vienna Stock Exchange listed real estate
investment company with a focus on the retail property markets in
Central and Eastern Europe, announces a further capital increase by
issuing 42 million new shares with 210 million Euro nominal value.
Proceeds shall strengthen the company’s market position in the
countries, that Meinl European Land has entered in 2004.
Issued share capital now EUR 480 Mio. nominal value
The subscription period will start on 3rd March 2005 leading to an
increase of the issued share capital from 270 million Euro to 480
million Euro nominal value. Between 3rd and 18th March 2005 the
company will offer in total 42 million new shares at a subscription
price of 13.65 Euro. Trading of the subscription rights will be on
10th, 11th and 14th March 2005. Following the capital increase, 96
million shares will be listed on the Vienna Stock Exchange. At the
current market price the market capitalisation will exceed 1.3
billion Euro.
Proceeds shall be used for financing additional projects in the
markets entered in 2004
With the 560 million Euro of new funds from the capital increase
Meinl European Land will intensify its dynamic growth and proceeds
will continue to be invested in long-term leased retail real estates.
The main focus will be the expansion of the activities in the new
markets Poland, Russia, Romania and Slovakia, which where entered in
2004, where currently projects with a total value of 400 million Euro
are under due diligence, such as a 70 million Euro shopping centre in
Russia with a total area of more than 50,000sqm. 
A further pipeline of 200 million Euro of special situations exists
in the mature markets Hungary and the Czech Republic.
end of announcement                    euro adhoc 25.02.2005 11:58:50 

Further inquiry note:

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

Branche: Real Estate
ISIN: AT0000660659
WKN: 066065
Index: Standard Market Auction
Börsen: Wiener Börse AG / official dealing

Plus de actualités: Meinl European Land Limited
Plus de actualités: Meinl European Land Limited