Share Issue/Capital Change • Oct 25, 2017
Share Issue/Capital Change
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REGULATED INFORMATION – INSIDE INFORMATION 25 October 2017 16h30
Public limited liability company (société anonyme/naamloze vennootschap), Public Regulated Real Estate Company (Société Immobilière Réglementée (SIR) / Gereglementeerde Vastgoedvennootschap (GVV)) under Belgian Law Registered Office: 3 Horstebaan, 2900 Schoten Companies Registration No. 0456.378.070 (LPR Antwerp) (the "Company")
This announcement is not intended for distribution, directly or indirectly, in or into the United States of America, Canada, Switzerland, Australia and Japan or any other jurisdiction in which such distribution would be unlawful.
AFTER THE SUCCESSFUL PRIVATE PLACEMENT OF THE SCRIPS, EXISTING SHAREHOLDERS AND NEW INVESTORS HAVE SUBSCRIBED TO 100% OF THE NEW SHARES OFFERED
Care Property Invest announces that, after the public offering for subscription to the capital increase and the successful private placement of Scrips, existing shareholders and new investors have subscribed to 100% of the offered New Shares for an amount of EUR 72,138,612.00.
During the Subscription Period with Irrevocable Allocation Rights, which ended on 23 October 2017, 2,888,744 New Shares, or 67.27% of the total number of New Shares offered were subscribed to.
All Irrevocable Allocation Rights, represented by coupon no. 7, which were not exercised by the end of the Subscription Period and the exercised Irrevocable Allocation Rights connected to registered shares for which the full subscription price has not been paid in due time, have been sold on 25 October 2017 in the form of Scrips within the framework of an exempt accelerated private placement with the composition of an order book, as set out in point 6.1.3 of the Securities Note. The Scrips buyers have therefore subscribed to the 1,405,221 available New Shares, at the same price and at the same ratio as for the subscription following the exercise of the Irrevocable Allocation Rights, i.e. 2 New Shares at an Issue Price of EUR 16.80 per New Share, for 7 Irrevocable Allocation Rights in the form of Scrips.
Care Property Invest NV Horstebaan 3 2900 Schoten BE 0456 378 070 - LPR Antwerp Public RREC under Belgian law
T +32 3 222 94 94 F +32 3 222 94 95 E [email protected] www.carepropertyinvest.be
The gross proceeds of the offering amount to the targeted maximum of EUR 72,138,612.00 after the Subscription Period with Irrevocable Allocation Rights and the exempt accelerated private placement of Scrips. The net proceeds of the offering are estimated at EUR 69,848,396.70.
Based on the result of the private placement of the Scrips, the net proceeds (after deduction of certain costs), payable to holders of non-exercised Irrevocable Allocation Rights and to registered shareholders who did not pay the full subscription price for their exercised Irrevocable Allocation Rights in due time (the 'Excess Amount'), amounts to EUR 0.25 per scrip, for which the total amount per Scrip will be rounded down to two decimals. Care Property Invest expects that this amount will be available and paid, in principle, as from 28 October 2017.
Trading in the Company's Shares on the Euronext Brussels regulated market was suspended today, 25 October 2017, at the Company's request, as of market opening, in the lead-up to the announcement of the results of the subscription with Irrevocable Allocation Rights and the exempt accelerated private placement of the Scrips. Now that this phase has been successfully completed, the Company has requested the lifting of the suspension.
Peter Van Heukelom (CEO): First and foremost we'd like to thank our existing and new shareholders for this sign of trust in Care Property Invest's future. Thanks to you, we can use these resources to continue our planned growth strategy and lift our slogan 'Care building in complete confidence' to the next level.
The payment of the Issue Price, the acknowledgement of the capital increase and the delivery of the New Shares will occur on 27 October 2017. In principle, the New Shares will be admitted to trading on the Euronext Brussels regulated market as of the same date. After this transaction, the number of shares in circulation of Care Property Invest will increase from 15,028,880 to 19,322,845.
KBC Securities and Bank Degroof Petercam acted as Joint Global Coordinators and Joint Bookrunners. Belfius Bank NV/SA acted as Co-Lead Manager.
Peter Van Heukelom General Director/Managing Director [email protected] T +32 3 222 94 94 - F +32 3 222 94 95 - M +32 495 59 82 67 Horstebaan 3 2900 Schoten [email protected] www.carepropertyinvest.be
Chief Financial Officer [email protected] T +32 3 222 94 94 - F +32 3 222 94 95 - M +32 494 91 10 93 Horstebaan 3 2900 Schoten [email protected] www.carepropertyinvest.be
Chief Operating Officer [email protected] T +32 3 222 94 94 - F +32 3 222 94 95 - M +32 499 28 01 43 Horstebaan 3 2900 Schoten [email protected] www.carepropertyinvest.be
Care Property Invest NV is a Public Regulated Real Estate Company (Public SIR/GVV) under Belgian law. Based on a solid organisation, Care Property Invest helps healthcare entrepreneurs to undertake property projects by offering real estate tailored to the end user, that is both qualitative and socially responsible. For its shareholders, Care Property Invest strives for a stable long-term rate of return.
This year, Care Property Invest's share celebrated its 21st birthday on Euronext Brussels. The share is listed under the name of CPINV and has the following ISIN-Code: BE0974273055. As from December 2016, the share has also been included in the BEL Mid index and the Company has become a member of EPRA.
In September 2017, the Company received its first EPRA BPR Gold Award.
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