News Column

DGAP-News: GSG GROUP - Completion of Capital Increases. GSG GROUP holds 100% of Czech Property Investments, a.s.

June 17, 2014

DGAP-News: GSG GROUP / Key word(s): Capital Increase GSG GROUP - Completion of Capital Increases. GSG GROUP holds 100% of Czech Property Investments, a.s. 17.06.2014 / 20:08 --------------------------------------------------------------------- GSG GROUP - Completion of Capital Increases. GSG GROUP holds 100% of Czech Property Investments, a.s. Luxembourg, 17 June 2014.Further to its press releases of 12 June 2014 "Implementation of the transaction with Czech Property Investments, a.s." and of 16 June 2014 "Capital Increase" GSG GROUP (the "Company") announces that it completed the remaining three capital increases and issued three tranches of new ordinary shares (the "New Shares") to Mr. Radovan Vitek against the contribution of ordinary shares of Czech Property Investments, a.s. ("CPI"). The New Shares were issued today at the subscription price of EUR 0.47 per share and were paid in kind, as follows: - 701,297,979 New Shares were issued against the contribution of 2,198,571 CPI shares by Mr. Vitek, valued at EUR 329,610,719.42; - 550,694,915 New Shares were issued against the contribution of 1,726,430 CPI shares by Mr. Vitek, valued at EUR 258,827,135.59; - 638,236,468 New Shares were issued against the contribution of 2,000,873 CPI shares by Mr. Vitek, valued at EUR 299,971,749.38. As such, the Company holds 100% of the shares and voting rights in CPI as of today. The New Shares are not listed upon their issue, but the Company will seek to list them on the Frankfurt Stock Exchange as soon as reasonably practicable, subject to legal and regulatory requirements. Following these capital increases, the share capital of the Company has been today subsequently increased in aggregate from EUR 103,059,454.20 represented by 1,030,594,542 shares to EUR 292,082,390.40 represented by 2,920,823,904 shares. As such, the total number of shares of the Company comprising the total number of voting rights attached thereto is 2,920,823,904 as of 17 June 2014. About us GSG GROUP (formerly ORCO Germany S.A.) is a real estate group founded in 2004 that operates in Germany and headquartered in Luxembourg. It is listed on the Regulated Market of the Frankfurt Stock Exchange, General Standard segment. GSG GROUP specializes in commercial real estate, project development and asset management, and is mainly active in the Berlin market. Through its subsidiary, Gewerbesiedlungs-Gesellschaft (GSG), it remains one of the leading providers of commercial real estate in Berlin. Press-Contact: Kirchhoff Consult AG Sebastian Bucher Herrengraben 1 20459 Hamburg T +49 40 60 91 86 18 F +49 40 60 91 86 60 E sebastian.bucher@kirchhoff.de End of Corporate News --------------------------------------------------------------------- 17.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: GSG GROUP 40, rue de la VallÉe L-2661 Luxembourg Grand Duchy of Luxembourg Phone: +49 (0)30 390 93 116 Fax: +49 (0)30 390 93 199 E-mail: patricia.jaenisch@orco-gsg.de Internet: www.orcogermany.de ISIN: LU0251710041 WKN: A0JL4D Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in DÜsseldorf, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 274127 17.06.2014


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DGAP Corporate News


Story Tools






HispanicBusiness.com Facebook Linkedin Twitter RSS Feed Email Alerts & Newsletters