Colonia Real Estate AG / Issue of Equity
The management board has made use of the authorisation provided for in section 4 of the articles of association in order to take advantage of current attractive business opportunities and substantially expand the business areas "residential properties" and "real estate asset management". The management board has resolved to increase the company's share capital by way of issuing 239.342 new bearer shares with notional par value of EUR 1 each. The supervisory board has approved thereof. The new shares are entitled to full participation in the company's profits for the business year of 2006.
The proceeds from the share capital increase of Colonia Real Estate will be gross EUR 30.994.789,00. After the capital increase the registered share capital of CRE will amount to EUR 3.908.542,00, divided into 3.908.542 shares without par value.
Information and Explanation of the Issuer to this News:
About Colonia Real Estate
Colonia Real Estate AG (ISIN DE0006338007) is one of the leading German Real Estate Investment Companies focusing on the acquisition and the asset management of undervalued or distressed Real Estate. The opportunistic investment approach targets high yield investments mainly in Germany.
Forward Looking Statements
This news release contains forward looking statements based on current assumptions and forecasts made by Colonia Real Estate Group management. Various know and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
For further informations:
Colonia Real Estate AG, Stephan Rind, Hohenstaufenring 48 - 54, 50674 Koln. phone: +49 221/ 716071-0 email: rind@cre.ag edicto GmbH Axel Muhlhaus/ Sonke Knop, Im Grundchen 18a, 61389 Schmitten -0- language: English emitter: Colonia Real Estate AG Hohenstaufenring 48-54 50674 Koln Deutschland phone: 0221-716071-0 fax: 0221-716071-99 email: info@cre.ag WWW: www.cre.ag ISIN: DE0006338007 WKN: 633800 indexes:
Listed stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Dusseldorf; Freiverkehr in Hamburg, Munchen, Stuttgart
The management board has made use of the authorisation provided for in section 4 of the articles of association in order to take advantage of current attractive business opportunities and substantially expand the business areas "residential properties" and "real estate asset management". The management board has resolved to increase the company's share capital by way of issuing 239.342 new bearer shares with notional par value of EUR 1 each. The supervisory board has approved thereof. The new shares are entitled to full participation in the company's profits for the business year of 2006.
The proceeds from the share capital increase of Colonia Real Estate will be gross EUR 30.994.789,00. After the capital increase the registered share capital of CRE will amount to EUR 3.908.542,00, divided into 3.908.542 shares without par value.
Information and Explanation of the Issuer to this News:
About Colonia Real Estate
Colonia Real Estate AG (ISIN DE0006338007) is one of the leading German Real Estate Investment Companies focusing on the acquisition and the asset management of undervalued or distressed Real Estate. The opportunistic investment approach targets high yield investments mainly in Germany.
Forward Looking Statements
This news release contains forward looking statements based on current assumptions and forecasts made by Colonia Real Estate Group management. Various know and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
For further informations:
Colonia Real Estate AG, Stephan Rind, Hohenstaufenring 48 - 54, 50674 Koln. phone: +49 221/ 716071-0 email: rind@cre.ag edicto GmbH Axel Muhlhaus/ Sonke Knop, Im Grundchen 18a, 61389 Schmitten -0- language: English emitter: Colonia Real Estate AG Hohenstaufenring 48-54 50674 Koln Deutschland phone: 0221-716071-0 fax: 0221-716071-99 email: info@cre.ag WWW: www.cre.ag ISIN: DE0006338007 WKN: 633800 indexes:
Listed stockmarkets: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard), Dusseldorf; Freiverkehr in Hamburg, Munchen, Stuttgart
© 2006 Business Wire
