DGAP-Adhoc: CPI PROPERTY GROUP raises EUR 100 million and issues 1 billion new shares

2017. november 28., kedd, 18:17





DGAP-Ad-hoc: CPI PROPERTY GROUP / Key word(s): Capital Increase


CPI PROPERTY GROUP raises EUR 100 million and issues 1 billion new shares


28-Nov-2017 / 18:17 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




CPI PROPERTY GROUP

(société anonyme)

40, rue de la Vallée

L-2661 Luxembourg

R.C.S. Luxembourg: B 102 254



Ad-Hoc Announcement

PRESS RELEASE

Luxembourg, 28 November 2017



CPI PROPERTY GROUP raises EUR 100 million and issues 1 billion new shares


CPI PROPERTY GROUP (the "Company") announces the issue of 1,000,000,000 new ordinary shares for a global subscription price of EUR 100 million. The new shares were all subscribed by one of the current shareholders of the Company, RAVENTO S.à r.l., an entity closely associated with Mr. Radovan Vítek (the "Subscriber").



The new shares, having a par value and a subscription price of EUR 0.10 each, were issued today in a reserved capital increase under the Company"s authorized share capital for cash contribution. Each new share was partially paid up to 50% of its par value by the Subscriber, thus resulting in a global payment in cash by the Subscriber of EUR 50 million. The remaining portion of the par value of the new shares issued, representing a global amount of EUR 50 million, has to be paid by the Subscriber by 31 March 2018.



The corporate share capital of the Company has thus been increased today from EUR 831,061,784.60 represented by 8,310,617,846 shares to EUR 931,061,784.60 represented by 9,310,617,846 shares.



The total number of shares comprising the share capital of the Company is 9,310,617,846 as of 28 November, 2017.



For further information please contact:



Kirchhoff Consult AG

Andrew Stammler

Borselstraße 20

20765 Hamburg

T +49 40 60 91 86 34

F +49 40 60 91 86 60

E andrew.stammler@kirchhoff.de











28-Nov-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

























Language: English
Company: CPI PROPERTY GROUP

40, rue de la Vallée

L-2661 Luxembourg

Luxemburg
Phone: +352 264 767 1
Fax: +352 264 767 67
E-mail: contact@cpipg.com
Internet: www.cpipg.com
ISIN: LU0251710041
WKN: A0JL4D
Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart





 
End of Announcement DGAP News Service




633579  28-Nov-2017 CET/CEST







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