• 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.

The placement will be handled by COMMERZBANK, Morgan Stanley and Société Générale Corporate & Investment Banking as Joint Global Coordinators and Joint Bookrunners and with Kempen & Co and UniCredit Bank as Co-Bookrunners. 

Investor Relations contact:

LEG Immobilien AG
Burkhard Sawazki
Head of Investor Relations
Phone: +49 211 45 68-204
burkhard.sawazki[at]­leg.ag

Press contact:

LEG Immobilien AG
Jürgen Homeyer
Spokesperson
Phone: +49 211 45 68-325
Mobile: +49 152 53 08 54 66
juergen.homeyer[at]­leg-wohnen.de

About LEG

With around 110,000 rental properties and approximately 300,000 tenants, LEG is one of Germany’s leading housing companies. It has a comprehensive presence in North Rhine-Westphalia with ten branches, 23 customer centres and approximately 100 tenant offices providing personal local services. LEG generated rental and letting income of around EUR 577 million in the 2014 financial year.

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.