VIB Vermoegen AG

Share Issue/Capital Change • May 12, 2011

News Details

Corporate | 12 May 2011 07:31

VIB Vermögen AG plans capital increase to finance further growth

VIB Vermögen AG / Key word(s): Capital Increase/Corporate Action

12.05.2011 / 07:31

• Capital increase from authorised capital equivalent to 20% of share
  capital
• Issue of 3,554,374 new shares at a price of EUR 8.00
• Gross issue proceeds of approximately EUR 28.4 million to extend real
  estate portfolio

Neuburg/Danube, May 12, 2011 - VIB Vermögen AG, a company specialising in
commercial real estate portfolio management, is planning a capital increase
equivalent to 20% of its current share capital. The Management and
Supervisory boards have passed a resolution to utilise the resolution of
the Shareholders' General Meetings of July 26, 2007 and July 6, 2010, to
issue a total of 3,554,374 new ordinary bearer shares against cash. The
price for the new shares was fixed at EUR 8.00, which would generate gross
issue proceeds of around EUR 28.4 million for the company given a complete
placing. The new shares (ISIN DE000A1KRQN8, German Securities
Identification Number (WKN) A1KRQN), each with a notional share in the
share capital of EUR 1.00, are fully dividend-entitled for the current 2011
financial year. Existing shareholders will be granted indirect subscription
rights in a 5:1 ratio as part of the non-public offering. There are no
plans to organise subscription rights trading.

The two-week subscription period for the new shares will commence
prospectively on May 17, 2011. Shares that have not been subscribed for
will subsequently be offered to institutional and strategic investors for
subscription as part of the capital increase. Once the capital increase has
been successfully concluded, the share capital of VIB Vermögen AG will
increase by a total of 20%, from EUR 17,771,870 to EUR 21,326,244.

The additional equity is to be deployed exclusively for the extension of
the real estate portfolio. Along with new constructions on existing land
areas in Grossmehring (EUR 2.8 million) and Baunatal (EUR 2.7 million),
additional logistics and retail properties with a volume of at least EUR 50
million are to be acquired at several other locations in Bavaria. The new
investments offer an average rental yield of around 8%, based on
acquisition values, which will further enhance the profitability of VIB
Vermögen AG, and additionally diversify its tenant structure.

The transaction was organized by Baader Bank AG as the Global Coordinator
and Sole Bookunner and M.M. Warburg & CO as the Co-Lead Manager.

Ludwig Schlosser, CEO of VIB Vermögen AG, explains the objectives behind
the capital increase: 'We want to continue our growth course, and expand
our leading position as a commercial real estate portfolio manager in
Southern Germany. Having optimised and consolidated our existing portfolio
last year, we now aim to take the next growth step and exploit market
opportunities.' Management Board colleague Peter Schropp underscores the
strategic significance of the capital measure accordingly: 'In its current
phase the commercial real estate market offers attractive properties with
above-average earnings potentials. The implementation of the planned
investment projects allows us to improve our profitability. At the same
time, the capital increase enables us to strengthen our financing
structure.'

Contact Us

Investor relations:

VIB Vermögen AG
Petra Riechert Phone: + 49 (0)8431 504-952
Luitpoldstr. C70 Fax: + 49 (0)8431 504-973
86633 Neuburg/Danube E-mail: petra.riechert@vib-ag.de
Germany

cometis AG
Stefan Kemmerer Phone: +49 (0)611 205855-21
Unter den Eichen 7 Fax: +49 (0)611 205855-66
65195 Wiesbaden E-mail: kemmerer@cometis.de

Profile of VIB Vermögen AG

VIB Vermögen AG (WKN 245751 / ISIN DE0002457512) is a medium-sized real
estate holding company, whose investments focus on commercial properties in
Southern Germany. Formed as a partnership in 1993, VIB Vermögen AG was
transformed to become an Aktiengesellschaft (German public limited company)
in 2000. Since then, the company has developed core competences in the
acquisition and management of its own properties and participating
interests in companies with real estate portfolios.
The VIB Group pursues a buy-and-hold strategy. It both develops properties
for its own portfolio and also acquires existing properties. The VIB
Group's real estate portfolio includes various logistics properties and
industrial facilities, shopping and specialist retail centers as well as
commercial and service centers. The VIB Group generates sustainable rental
returns with a total rental area of approx. 661.500m².

End of Corporate News

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Language: English
Company: VIB Vermögen AG
Luitpoldstraße C 70
86633 Neuburg/Donau
Deutschland
Phone: +49 (0)8431 / 504-952
Fax: +49 (0)8431 / 504-973
E-mail: petra.riechert@vib-ag.de
Internet: www.vib-ag.de
ISIN: DE0002457512
WKN: 245751
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market in Frankfurt

End of News DGAP News-Service

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