Investor Relations » Ad Hoc Notices » YOUNIQ AG approves capital increase
2011/05/04: YOUNIQ AG approves capital increase
With consent of the Supervisory Board, the Management Board of YOUNIQ AG has today approved a capital increase against cash contribution from authorised capital. The company's share capital is to be increased by up to 50 %, from currently EUR 7,050,000 to up to EUR 10,575,000. A total of up to 3,525,000 new ordinary bearer shares, each with a notional amount in relation to the share capital of EUR 1.00, are to be issued for this purpose.
The new shares are to be offered for subscription to shareholders by way of indirect subscription rights on the basis of a 2:1 subscription ratio in the period between May 19, 2011 inclusive and June 3, 2011 inclusive. This means that one new share can be subscribed in exchange for two of the company's ordinary bearer shares currently held. Subscription rights trading will not be organised. Both major shareholders, Goethe Investments S.à r.l., Luxembourg, and Rabano Properties S.à r.l., Luxembourg, which currently hold a total of around 98 % of the existing shares, will assign and transfer their pre-emptive rights to Close Brothers Seydler Bank AG. Said assignment will be provided by an underwriting agreement still to be concluded. Such underwriting agreement will also provide that up to 500,000 YOUNIQ shares that are currently held by the aforementioned two major shareholders are to be offered for purchase to institutional investors as part of a pre-placement. According to the underwriting agreement, Close Brothers Seydler Bank AG, which is advising the transaction as Sole Global Coordinator and Sole Bookrunner, will be obliged to offer the new shares and the existing shares by way of a pre-placement to institutional investors in Germany and in selected other European countries. The pre-placement will be structured as a bookbuilding procedure. The offer period for the pre-placement will run presumably from May 11 until May 13, 2011. The pre-placement is subject to the condition that the requisite number of new shares will be available following the conclusion of the subscription offer as far as free float shareholders exercise their subscription rights.
The subscription offer with respect to the shares issued in the context of the capital increase will be published in the electronic Federal Gazette presumably on May 18, 2011 following approval of the securities prospectus by the Federal Financial Supervisory Authority (BaFin) which is currently still outstanding. The subscription price and the final issue volume will be determined based on the result of the bookbuilding procedure for the pre-placement. The subscription price will correspond to the offering price.
YOUNIQ AG intends to use approximately 70 to 80 % of the net issue proceeds to strengthen the company's capital and liquidity with respect to the financing of the potential project pipeline in the "YOUNIQ - Student Living" business segment and to strengthen YOUNIQ's market positioning. The remaining issue proceeds will serve to finance refurbishment and maintenance measures for the existing real estate portfolio and to increase financial flexibility.
Issuer: YOUNIQ AG
Neue Mainzer Strasse 28, 60311 Frankfurt am Main, Germany
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Stock exchanges: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin,
Munich, Düsseldorf, Stuttgart
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2011/05/04: YOUNIQ AG approves capital increase
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Contact:
cometis AG | Investor Relations
Mr Ulrich Wiehle
Unter den Eichen 7, D 65195 Wiesbaden
Phone: +49 (611) 20585511, Fax: +49 (611) 20585566
E-Mail: investor-relations [@] youniq.de
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Disclaimer Investor Relations
The information on this website of the YOUNIQ AG has been compiled with the greatest care. However, its publication is provided without any warranty for its accuracy, completeness or actuality. This website contains links to third-party websites which provide information over which we have no influence and for which we can, therefore, not assume any liability. [show all/hide all] »Information published on this website with regard to the future development of the YOUNIQ AG and its subsidiaries consists purely of forecasts and assessments and not of definitive historical facts. Its purpose is exclusively informational identified by the use of such cautionary terms as "believe", "expect", "forecast", "intend", "project", "plan", "estimate" or "intend". These forward-looking statements are based on all discernible information, facts and expectations available at the time. They can, therefore, only claim validity up to the date of their publication. Since forward-looking statements are by their nature subject to uncertainties and imponderable risk factors - such as changes in underlying economic conditions - and rest on assumptions that may not or divergently occur, it is possible that the Group's actual results and development may differ materially from those implied by the forecasts. YOUNIQ AG makes a point of checking and updating the information it publishes. It cannot, however, assume any obligation to adapt forward-looking statements to accommodate events or developments that may occur at some later date. Accordingly, it neither expressly nor conclusively accepts liability, nor gives any guarantee, for the actuality, accuracy and completeness of this data and information. Information published on this website neither constitutes an offer of purchase or incitement to purchase YOUNIQ shares or to otherwise trade in shares - directly or indirectly. This also applies to the websites of third parties that can be accessed via hyperlinks.
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Amendment Date: 2011/05/04