Colonia Real Estate AG / Corporate Action
03.06.2009
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Colonia Real Estate AG: Conversion of over 96 percent of stock options
* Increase of equity of 13 million Euros
* Strong demand of institutional investors led to high exercise rate
Cologne, June 3, 2009 - The stock options (WKN A0CVEU) issued in 2004 of
Colonia Real Estate AG (ISIN DE0006338007) were converted into new shares
of the company today, with an exercise rate of 96.4 percent. From a total
of 6.75 million stock options about 6.5 million stock options were
exercised during the period from May 15 until June 1, 2009. For three stock
options two new shares could be received at a price of three Euros
totalling to 4.34 million new shares. About three million stock options not
registered for conversion were successfully placed with institutional
investors at the end of the exercise period.
As of today, all new shares are approved for trading in the market and
entitled to vote at the shareholders meeting on July 8, 2009. All in all
Colonia Real Estate AG raised new equity of 13 million Euros. The equity of
the company went up to about 244 million Euros resulting in an equity ratio
of over 26 percent.
Paying agent for the options and responsible for the registration of the
new shares was VEM Aktienbank in Munich.
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Information and Explaination of the Issuer to this News:
'The high exercise rate shows the great trust shareholders and
institutional investors have in our company'. The achievements of the cost
reduction program, the increase in transparency and the continuous
improvement of the rental income were rewarded. With a cash inflow of about
13 million Euros we are well prepared for the challenging market
environment', states Stephan Rind, CEO of Colonia Real Estate AG the
capital measure.
With around 20,000 residential units and total assets of approximately 900
million Euros, Colonia Real Estate is Germany's third largest listed
residential property company. The asset management of the CRE Group has
more than 2.1 billion Euros real estate assets under management.
Contact:
Thomas Busch
Head of Investor Relations, Communication and Marketing
Colonia Real Estate AG
Zeppelinstr. 4-8
50667 Cologne, Germany
Phone +49 (0)221 71 60 71 0
Fax +49 (0) 221 71 60 71 99
E-Mail: ir@cre.ag
edicto GmbH
Axel Mühlhaus
Phone +49 (0)69 90 55 05 52
E-Mail: amuehlhaus@edicto.de
DGAP 03.06.2009
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Language: English
Issuer: Colonia Real Estate AG
Zeppelinstr. 4 - 8
50667 Köln
Deutschland
Phone: +49 221-716071-0
Fax: +49 221-716071-99
E-mail: info@cre.ag
Internet: www.cre.ag
ISIN: DE0006338007
WKN: 633800
Indices: SDAX, GPR 250, MSCI Germany Small Cap Index, FTSE EPRA/
NAREIT, E&G DIMAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, München, Hamburg, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Colonia Real Estate AG: Conversion of over 96 percent of stock options
| Source: EQS Group AG