Tous Actualités
Suivre
Abonner Grand City Properties S.A.

Grand City Properties S.A.

EANS-News: Grand City Properties S.A.
Successful Convertible Bond Placement

--------------------------------------------------------------------------------
  Corporate news transmitted by euro adhoc. The issuer/originator is solely
  responsible for the content of this announcement.
--------------------------------------------------------------------------------
Capital measures/Convertible Bonds


Luxembourg (euro adhoc) - 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.: Successful Convertible Bond Placement

Luxembourg, 8 October 2012: Grand City Properties S.A. (the "Company") has
successfully completed the placement of convertible bonds convertible into
ordinary shares of the Company  (the "Bonds") in an aggregate principal amount
of EUR 100 million. 

The Bonds will have a maturity of five years. The initial conversion price of
the Bonds will be EUR 4.00. The coupon of the Bonds has been set at 8% per
annum, payable semi-annually in arrears. 

The Bonds were offered to institutional investors in a private placement in
Europe. The closing and settlement is expected to occur on or around 15 October
2012. 

Credit Suisse acted as Sole Bookrunner of the offering.

The Company intends to use the net proceeds from the issue of the Bonds for the
funding of new acquisitions of real estate property portfolios as part of its
growth strategy.



About GRAND CITY PROPERTIES S.A.
Grand City Properties S.A. is a residential property investment company based in
Luxembourg which concentrates on residential investments in Germany.

Forward-looking statements
This press release may include forward-looking statements. Forward-looking
statements include, but are not limited to, statements concerning estimates of
expected capital expenditures and associated costs, statements relating to
estimates of, and increases in, rental income, cash flows and property market
values and other statements which are not historical facts. When used in this
document, the words such as "could," "plan," "estimate", "expect", "intend",
 "may", "potential", "should" and similar expressions are forward-looking
statements. Although Grand City Properties believes that its expectations
reflected in these forward-looking statements are reasonable, such statements
involve risks and uncertainties and no assurance can be given that actual
results will be consistent with these forward-looking statements. Important
factors that could cause actual results to differ from these forward-looking
statements include the potential that the Company's projects will experience
problems due to change in market conditions, that changes in rental prices can
have a material impact and that Grand City Properties fails to raise sufficient
capital to adequately fund its expansion activities. 

Contact:
Grand City Properties S.A. 
6, boulevard Pierre Dupong 
L 1430 Luxemburg 

www.grandcityproperties.com

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 CONVERTIBLE BONDS.
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 Christian Hupfer
Tel.: 004930887088192
E-Mail:  christian.hupfer@grandcityhotels.com

end of announcement                               euro adhoc 
--------------------------------------------------------------------------------


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

Plus de actualités: Grand City Properties S.A.
Plus de actualités: Grand City Properties S.A.
  • 25.09.2012 – 18:20

    EANS-News: Grand City Properties S.A.: Intended Issuance of Convertible Bonds

    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 ...

  • 19.07.2012 – 20:20

    EANS-News: Grand City Properties S.A.

    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 ...