Grand City Properties S.A., / Key word(s): Capital Increase
GRAND CITY PROPERTIES S.A.
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Grand City Properties S.A. - Board of Directors resolves on Size-Up of Capital increase - Update to previous announcement
Due to the strong demand from investors following today's announcement, the Board of Directors of Grand City Properties S.A. ('Company') resolved, to increase the number of shares to be placed in its ongoing capital increase by further up to 5,000,000 new shares. Instead of the originally announced up to 22,000,000 new shares, the Company therefore intends to increase its share capital from EUR 8,842,500 by up to EUR 2,700,000 to up to EUR 11,542,500 by issuing up to 27,000,000 new ordinary shares ('New Shares'). The final volume of the capital increase and the issue price will be fixed by the Board of Directors in agreement with Berenberg, acting as Sole Global Coordinator and, together with J.P. Morgan, as Joint Bookrunner after the end of the accelerated bookbuilding process, presumably on 3 December 2013. The transaction will increase the Company's free float from currently 50.3 % to up to 61.98 %. This announcement updates the announcement of 2 December 2013.
About Grand City
This announcement is directed at and/or for distribution in the United Kingdom only 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') or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as 'relevant persons'). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. 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.
This announcement may contain projections or estimates relating to plans and objectives relating to our future operations, products, or services, future financial results, or assumptions underlying or relating to any such statements, each of which constitutes a forward-looking statement subject to risks and uncertainties, many of which are beyond our control. Actual results could differ materially, depending on a number of factors.
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02.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG.
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