PATRIZIA Immobilien AG: The voluntary public offer is binding
On 15 April 2015, PATRIZIA Immobilien AG (ISIN DE000PAT1AG3) submitted a voluntary public offer, using an appropriate acquisition vehicle, to the owners of each of a Norwegian and a Swedish company (Boligutleie Holding III AS and Hyresfastigheter III Gul AB) to acquire their shares in each of the companies.
Augsburg, 18 May 2015. In relation to the offer made to the shareholders of Boligutleie Holding III AS, PATRIZIA Immobilien AG will act together with a co-investor. Boligutleie Holding III AS and Hyresfastigheter III Gul AB hold all shares in the real estate fund Hyresbostäder i Sverige III Gul AB, which holds residential property portfolios.
The offer provided for a cash amount of NOK 10.85 as consideration for 1 tendered share in Boligutleie Holding III AS, and for a cash consideration of SEK 15.85 for 1 ordinary share in Hyresfastigheter III Gul AB. The cash consideration for 1 B share tendered in Hyresfastigheter III Gul AB is SEK 10.00.
The voluntary public offer was subject to certain conditions, including, inter alia, that a minimum acceptance threshold of more than 50% (in the case of the offer to the shareholders of Hyresfastigheter III Gul AB) and more than 57.57% (in the case of the offer to the shareholders of Boligutleie Holding III AS) will be reached. Since the minimum acceptance thresholds have been reached the voluntary public offer is binding.
For further information regarding the voluntary public offer, PATRIZIA refers to its publication dated 15 April 2015, 6 May 2015 as well as 12 May 2015.
This announcement is neither an offer to purchase nor a solicitation of an offer to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB. Moreover, this announcement is neither an offer nor a solicitation to purchase PATRIZIA Immobilien AG shares.
To the extent permissible under applicable law or regulation, PATRIZIA Immobilien AG and/or its acquisition vehicle or any brokers acting on their behalf may purchase or conclude agreements to purchase shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB, directly or indirectly, outside the voluntary public offer, before, during or after the expiry of the offer acceptance period. This also applies to any other securities which are directly convertible into, exchangeable for, or exercisable for shares in Boligutleie Holding III AS or Hyresfastigheter III Gul AB.
To the extent that this document contains forward-looking statements, such statements do not represent facts and are characterised by the words "will", "expect", "believe", "estimate", "intend", "aim", "assume" or similar expressions. Such statements express the intentions, opinions or current expectations and assumptions of PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG. Such forward-looking statements are based on current plans, estimates and forecasts, which PATRIZIA Immobilien AG and the persons acting together with PATRIZIA Immobilien AG have made to the best of their knowledge, but which they do not claim to be correct in the future. Forward-looking statements are subject to risks and uncertainties that are difficult to predict and usually cannot be influenced by PATRIZIA Immobilien AG or the persons acting together with PATRIZIA Immobilien AG. It should be kept in mind that the actual events or consequences may materially differ from those contained in or expressed by such forward-looking statements.
The Managing Board
Augsburg, 18 May 2015