VIB Vermoegen AG

Share Issue/Capital Change • Jul 24, 2006

News Details

Corporate | 24 July 2006 10:01

VIB Vermögen AG: Capital increase successfully placed

Corporate news transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Neuburg a. d. Donau, 24th July 2006 – The VIB Vermögen AG has successfully placed its capital increase. A total of 2,396,000 new bearer shares with a notional par value of 1.00 EUR were issued. As such, the authorised capital of the VIB Vermögen AG has increased from 9,792,000 EUR to 12,188,000 EUR. At an issue price of 7.20 EUR per share, the company has accrued pre-cost proceeds from the issue of around 17.2 million EUR. The predominant part of the capital increase was placed within the scope of the subscription and a scaling down to existing shareholders. The capital increase was heavily oversubscribed. ‘We are very pleased that there has been such a positive response to our business model’, said CEO Ludwig Schlosser, who went on to explain that the additional equity would be used to aquire further attractive commercial real estate in Southern Germany. Taking the 60 – 70% share of loan capital into account, the VIB Vermögen AG now has over 50 million EUR available for new investments. After the capital increase has been registered in the commercial register and the new shares have been booked at the Clearstream Banking AG, the new shares are expected to be included for trading on the Open Market (M:access) of the Munich stock exchange under the securities identification code VIHJ (WKN A0H52R, ISIN DE000A0H52R0) at the end of July 2006. Because of dividend entitlements from 1st January 2007, the new shares will trade under the securities identification code referred to above until the end of the Annual General Meeting, at which a resolution on the Annual Statement of Accounts 2006 will be passed. Subsequently, all the shares will again be listed under the securities identification code VIH (WKN 245751, ISIN DE0002457512). Profile of the VIB Vermögen AG: The VIB Vermögen AG is a medium-sized real estate holding company that focuses its investments on commercial real estate in the South Bavarian region. Founded in 1993 as a business partnership, the VIB was converted into a public company in the year 2000. Since then the company has developed its core competency in the fields of acquisition and administration of its own real estate and of investing in companies with real estate assets. The real estate portfolio of the VIB Group comprises over 40 different properties including both an industrial plant and an industrial estate in Neuburg/Donau, a commercial park in Günzburg and the DonauCityCenter in Ingolstadt. A Burger King Restaurant near Pfaffenhofen on the A9 and a retail and services centre in the commercial area of Memmingen-Nord are also part of the company’s holdings. With a total rentable area of over 198,000 m², the company achieves sustainable rental yields of over 8%. Investor Relations: cometis AG Ulrich Wiehle Unter den Eichen 7 65195 Wiesbaden Tel: +49 (0)611 / 205855-11 Fax: +49 (0)611 / 205855-66 E-mail: ulrich.wiehle@vib-ag.de (c)DGAP 24.07.2006 ————————————————————————— Language: English Issuer: VIB Vermögen AG Luitpoldstraße C 70 86633 Neuburg/Donau Deutschland Phone: 08431 / 504-955 Fax: 08431 / 504-747 E-mail: rainer.hettmer@vib-ag.de WWW: www.vib-ag.de ISIN: DE0002457512 WKN: 245751 Indices: End of News DGAP News-Service —————————————————————————