12.11.2015

LEG launches cash capital increase through accelerated bookbuilding

LEG Immobilien AG  / Key word(s): Capital Increase

12.11.2015 17:43

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement according to § 15 WpHG

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA, JAPAN, SOUTH AFRICA OR ANY OTHER
JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER
RESTRICTIONS ARE APPLICABLE.

Dusseldorf, 12 November 2015

LEG launches cash capital increase through accelerated bookbuilding

  - Up to 4,510,000 new shares to be issued 

  - Proceeds to be used to finance announced acquisition of 13,800
    residential units

The Management Board of LEG Immobilien AG adopted a resolution today, with
the consent of the Supervisory Board, to carry out a capital increase for
cash, under exclusion of shareholders' pre-emption rights. Utilising the
authorised capital as passed by the Annual General Meeting on 24 June 2015,
the company will increase its share capital by up to EUR 4,510,000.00, from
EUR 58,259,788.00 at present to as much as EUR 62,769,788.00. For that
purpose, LEG will issue 4,510,000 new, no-par value registered shares, each
representing EUR 1.00 of the share capital. The new shares will be entitled
to full dividend payouts as of 1 January 2015.

As announced on 2 November 2015, LEG has signed an agreement in principle
to purchase a portfolio with approximately 13,800 residential units in
North Rhine-Westphalia for approximately EUR 600 million. The proceeds from
the announced cash capital increase will serve to finance this transaction.
LEG stated that an equity measure would be considered when it first
announced the agreement in principle.

The new shares will be offered exclusively to institutional investors by
way of an accelerated bookbuilding. They will be admitted to public
trading, with no obligation to publish a prospectus, and included in the
current listing in the prime standard segment of the regulated market on
the Frankfurt Stock Exchange, where post-admission requirements will apply.
Inclusion in the current listing and the delivery of the new shares to
investors is expected on 18 November 2015.

Disclaimer 
These materials may not be published, distributed or transmitted in the
United States, Canada, Australia, Japan or South Africa. These materials do
not constitute an offer of securities for sale or a solicitation of an
offer to purchase securities (the "Shares") of LEG Immobilien AG (the
"Company") in the United States or any other jurisdiction. The Shares of
the Company may not be offered or sold in the United States absent
registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended (the "Securities Act"). The Shares of the Company
have not been, and will not be, registered under the Securities Act. There
will be no public offering of the Shares in the United States.

In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). This document is directed only at
Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
document relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.


12.11.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      LEG Immobilien AG
              Hans-Böckler-Straße 38  
              40476 Düsseldorf
              Germany
Phone:        +49 (0) 211 / 4568 - 0
Fax:          +49 (0) 211 / 4568 - 261
E-mail:       
Internet:     www.leg.ag
ISIN:         DE000LEG1110
WKN:          LEG111
Indices:      MDAX
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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