Archive for the ‘Word Press’ Category

PRESS RELEASE: Capital Increase of DIC Asset AG Successfully Completed

DGAP-News: DIC Asset AG / Key word(s): Capital Increase Capital Increase of DIC Asset AG Successfully Completed

28.11.2013 / 11:58

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Press Release This information is not intended for publication in the United States of America, Canada, Japan or Australia.

Frankfurt am Main, 28 November 2013.

Capital Increase of DIC Asset AG Successfully Completed

- Gross issuance proceeds of approx. EUR 100 million

- Subscription rate of 98.95 percent

- Hller: 'Investors are showing their faith in the corporate strategy.'

DIC Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) successfully completed its capital increase. 98.95 percent of the subscription rights were exercised by the holders of such rights, who subscribed for 16,450,729 new shares at a subscription price of EUR 6.00 per new share. The 202,203 remaining new shares not subscribed on the basis of the subscription offer were sold.

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PRESS RELEASE: Capital Increase of DIC Asset AG Successfully Completed

PRESS RELEASE: GSW Immobilien AG: Convertible Bond – Notice of a change of control

PRESS RELEASE: GSW Immobilien AG: Convertible Bond - Notice of a change of control

DGAP-News: GSW Immobilien AG / Key word(s): Miscellaneous GSW Immobilien AG: Convertible Bond - Notice of a change of control

27.11.2013 / 15:33

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GSW Immobilien AG - Notice of a change of control in the sense of the Terms and Conditions of the Convertible Bonds of GSW Immobilien AG (ISIN DE000GSW1CB6), of a right limited in time to opt for early redemption of the convertible bonds, and of a temporary adjustment of the conversion price

Berlin, 27 November 2013 - With regard to the convertible bonds of GSW Immobilien AG in the amount of EUR 182.9 million, which will be due for repayment on 20 November 2019 (ISIN DE000GSW1CB6) (the 'Convertible Bonds'), GSW Immobilien AG hereby notifies a change of control in the sense of 12(1)(e) of the terms and conditions of the Convertible Bonds (the 'Terms and Conditions'):

GSW Immobilien AG on 27 November 2013 obtained knowledge of the fact that the public takeover offer (the 'Takeover Offer') of Deutsche Wohnen AG to acquire all no-par value bearer shares of GSW Immobilien AG by an exchange of shares, which was published on 2 October 2013 and according to a notice of Deutsche Wohnen AG has been accepted for approximately 91.05% of the share capital and the voting rights of GSW Immobilien AG, has become unconditional on 27 November 2013 as a result of all closing conditions for the Takeover Offer having been satisfied. Consequently Deutsche Wohnen AG has had control of GSW Immobilien AG in the sense of the Terms and Conditions since that day.

GSW Immobilien AG has determined 24 January 2014 as the effective date in the sense of 12(1)(a)(ii) of the Terms and Conditions (the 'Effective Date').

Pursuant to 12(1)(b) of the Terms and Conditions, each bondholder is entitled upon today's notification of the change of control, at its option, to request GSW Immobilien AG, by submitting a redemption notice which must be received by the paying agent no less than ten calendar days prior to the Effective Date, to redeem as of the Effective Date any or all of its bonds for which the conversion right was not exercised and which were not declared due for early redemption, at their principal amount plus interest accrued thereon until (but excluding) the Effective Date.

The conversion price temporarily adjusted pursuant to 12(1)(d) of the Terms and Conditions, in the event that the conversion right is exercised by submitting a conversion notice on or prior to the Effective Date, is EUR 29.4278.

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PRESS RELEASE: GSW Immobilien AG: Convertible Bond - Notice of a change of control

PRESS RELEASE: alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg

DGAP-News: alstria office REIT-AG / Key word(s): Miscellaneous alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg

26.11.2013 / 17:34

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Press release

alstria leases 2,000 sqm in Hamburg

- Global advertising agency leases around 2,000 sqm in alstria's Holstenhof (Kaiser-Wilhelm-Strasse 79-87)

- Historical building in the inner city of Hamburg is undergoing a full refurbishment

Hamburg, November 26, 2013 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1), the leading German office REIT, announces the signing of a lease for one of its development assets located in the inner city of Hamburg.

With the new leasing success in its Holstenhof asset (Kaiser-Wilhelm-Strasse 79-87, Hamburg) alstria continues its progress in the development segment. The new tenant, a leading advertising agency, signed a 5-year lease for approximately one third of the available space. The lease will start on July 1, 2014. After the entire lease-up, the building will generate an annual rental income of EUR 1.1 m.

alstria acquired the 5,500 sqm asset in 2006 from the City of Hamburg with an annual rental income of EUR 500 k. After the relocation of the former tenant into another building of alstria's portfolio the Company initiated a complete refurbishment, which substantially improves the quality and attractiveness of the asset, while safeguarding its historical nature. The building will be certified by the 'BREEAM International Green Building Standard'.

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PRESS RELEASE: alstria office REIT-AG: alstria leases 2,000 sqm in Hamburg

PRESS RELEASE: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue

PRESS RELEASE: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue

DGAP-News: DVB Bank SE / Key word(s): Bond/Issue of Debt DVB Bank SE placed second EUR500 million senior unsecured benchmark issue

27.11.2013 / 14:00

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Frankfurt/Main, 27 November 2013 - DVB Bank SE (ISIN: DE0008045501) today announced the issuance of a benchmark bond: On Monday, 25 November 2013, DVB Bank successfully launched and priced its second EUR500 million senior unsecured benchmark transaction in 2013. Since May 2012, DVB has been establishing its benchmark curve, starting with a three-year maturity followed by two issues with five-year maturity. By means of this transaction, DVB extended its own benchmark curve out to seven years.

Wolfgang F. Driese, CEO and Chairman of the DVB's Board of Managing Directors, commented on this issue as follows:

'Achieved through constant investor work, the success of this transaction proves DVB's strong recognition in the capital markets and its attractiveness to a wide range of investors in particular outside Germany. The issue further broadens and diversifies our investor base and we accomplished our objective to build a euro-denominated senior unsecured benchmark curve.'

Following a deal-related roadshow, DVB decided to issue a EUR500 million no-grow benchmark transaction making use of the overall constructive market environment. Books were opened on Monday, 25 November 2013, at 10:00 a.m. CET. There was strong demand from various investors leading to an oversubscribed, highly granular order book which was closed at 10:30 a.m. CET with a total volume of above EUR1.3 billion. The final spread was fixed at mid-swaps +95 basis points and pays an annual fixed coupon of 2.375%.

The final order book saw a significant degree of diversification and granularity with 177 accounts participating:

By investor type, fund managers and banks were the most important investor groups, participating with 48% and 34% respectively, followed by corporates with 9%. Insurance companies as well as pension funds were both allocated 2% of the transaction. Geographically, non-German investors took 51%: investors from Nordic countries were allocated 19%, Austrian/Swiss investors 12%, and investors from the UK 7% and Benelux 5%, respectively.

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PRESS RELEASE: DVB Bank SE placed second EUR500 million senior unsecured benchmark issue

PRESS RELEASE: Weng Fine Art AG buys 5.33% stake in Online Pioneer Artnet

DGAP-News: Weng Fine Art AG / Key word(s): Miscellaneous Weng Fine Art AG buys 5.33% stake in Online Pioneer Artnet

25.11.2013 / 09:30

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PRESS RELEASE | 25 NOVEMBER 2013

Weng Fine Art AG buys 5.33% stake in Online Pioneer Artnet

As part of its e-commerce strategy, Weng Fine Art AG (WFA) has built up a 5.33% stake in New York and Berlin based Artnet AG. The majority of the shares were acquired on November 14 from the remaining stock of former Artnet shareholder Artis in California, which WFA could buy at a price of EUR1.65 per share. WFA acquired additional shares on the Frankfurt stock exchange and currently holds 300.000 Artnet shares. Through this acquisition, WFA becomes the largest art market related shareholder in Artnet aside from its founder Hans Neuendorf.

Artnet is currently representing the best value of all art online companies. 'Despite its poor capital base and its past problems, Artnet still holds the largest revenue and the most far-reaching brand in the online art market,' said WFA CEO, Rdiger K. Weng, of the strategic importance of this transaction: 'Our investment in Artnet represents the perfect start of our strategic portfolio in the art e-commerce industry. These participations and partnerships will provide support to our own e-commerce activities, which will become an important part of the WFA business in the coming years.'

Provided favorable opportunities arise again, WFA will increase its shareholding in Artnet. A control or takeover of Artnet is currently not part of the plan of Weng Fine Art - but rather to strengthen the collaboration with Artnet in certain segments of its business.

ABOUT WENG FINE ART AG

Weng Fine Art AG (www.wengfineart.com) is one of the most dynamic and financially strongest art dealerships on the European continent. The company focuses on works of internationally renowned artists from the 20th century and, in its core business, exclusively supplies commercial addresses (B2B) - among them the leading auction houses, dealerships and galleries. The expertise and market positioning gained over nearly 20 years serves as a basis for new business segments such as auctions, e-commerce and art consulting. Weng Fine Art AG shares are traded on the Frankfurt Stock Exchange since 2 January 2012.

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PRESS RELEASE: Weng Fine Art AG buys 5.33% stake in Online Pioneer Artnet