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Deutsche Wohnen AG: Capital increase: Subscription price for one new share of Deutsche Wohnen share amounts to EUR 4.50

Deutsche Wohnen AG / Capital Increase


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

Ad hoc disclosure of Deutsche Wohnen AG

Capital increase: Subscription price for one new share of Deutsche Wohnen share amounts to EUR 4.50

Frankfurt am Main, 22 September 2009. The management board of Deutsche Wohnen AG, with consent of the supervisory board, resolved on the subscription price of EUR 4.50 per share for the new ordinary bearer shares with no par value (Stückaktien) representing a pro rata amount of the share capital of EUR 1.00 per share, based on the resolution of the extraordinary general meeting of 7 August 2009 on a capital increase against cash contributions with subscription rights. The new shares carry full dividend rights as of 1 January 2009. In the course of the capital increase a total of 55,440,000 new shares are to be issued and the share capital of Deutsche Wohnen AG is to be increased by EUR 55,440,000 from EUR 26,400,000 to EUR 81,840,000.

The shareholders of Deutsche Wohnen AG receive subscription rights and are entitled to acquire 21 shares for each 10 shares held. Subject to the approval of the prospectus by the German Federal Financial Services Authority (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) and the publication of the approved prospectus, the subscription period will commence on 24 September and end on 7 October 2009. Unsubscribed shares will be placed privately immediately after the end of the subscription period.

OCM Luxembourg Real Estate Investments S.à r.l. and OCM Luxembourg Opportunities Investments S.à r.l. have made a binding commitment to the Joint Global Coordinators and the company, to subscribe for new shares in a total amount of EUR 51,500,000 corresponding to 20.6% of the total offering volume. The corresponding payments are in particular subject to the non-termination of the underwriting agreement by the Joint Global Coordinators and will be made upon final settlement of the new shares of the offering.

The company expects the aggregate gross proceeds from the capital increase to be approx. EUR 249.5 m. It is envisaged that about half of the expected aggregate net proceeds of approx. EUR 236.5 m will be used to reduce liabilities of the Deutsche Wohnen Group.

Subject to the approval and publication of the prospectus, the subscription rights (ISIN DE000A0Z2ZQ4 / WKN A0Z2ZQ) for the new shares will be traded on the regulated market of the Frankfurt Stock Exchange (floor trading) presumably from 24 September until and including 5 October 2009.
Subject to the approval and publication of the prospectus, all shares already issued by the company will be listed 'ex subscription right' on the regulated market of the Frankfurt Stock Exchange presumably starting 24 September 2009. Subject to the approval and publication of the prospectus, the new shares are to be included in the current listing on the segment of the regulated market with further post admission obligations (Prime Standard) of the Frankfurt Stock Exchange presumably on 9 October 2009.
BofA Merrill Lynch and UBS Investment Bank will fully underwrite the capital increase as Joint Global Coordinators and Joint Bookrunners.
Deutsche Wohnen AG

Pfaffenwiese 300

65929 Frankfurt am Main


International Securities Identification Numbers (ISINs): DE000A0HN5C6 / DE0006283302 / DE000A0XFUU5


Ulrike Buss


phone: +49 (0)30 897 86-501 

This information neither constitutes a prospectus, nor an offer or an invitation to purchase shares or other securities of Deutsche Wohnen AG nor does it replace the prospectus. Subject to the approval of the Federal Agency for Financial Services Supervision (Bundesanstalt für Finanzdienstleistungsaufsicht; BaFin), a prospectus will be published before the commencement of the subscription period, which will be available free of charge from Deutsche Wohnen AG and the underwriting banks. This information does not constitute an offer to sell or buy securities in the USA, Canada, Australia and Japan. The shares of Deutsche Wohnen AG are allowed to be offered or sold in the USA only after prior registration in accordance with the provisions of the U.S. Securities Act 1993, as amended, or on the basis of a registration exemption. There will be no public offering of shares in the USA.

This information contains forward-looking statements that are based upon current views and assumptions of the Deutsche Wohnen AG management, which were made to its best knowledge. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors which could cause the earnings position, profitability, performance or the results of Deutsche Wohnen AG or the success of the housing industry to differ materially from the earnings position, profitability, performance or the results expressly or implicitly assumed or described in these forward-looking statements. In consideration of these risks, uncertainties and other factors, persons receiving these documents are advised not to unreasonably rely on these forward-looking statements. Deutsche Wohnen AG does not assume any obligation to update such forward-looking statements and to adjust them to any future results and developments.

Dr. Christina Erfurth
General Counsel
Mecklenburgische Straße 57
D - 14197 Berlin

Tel.: +49-30-897 86-545
Fax: +49-30-897 86-539
Mob: +49-172-39 40 584

22.09.2009Financial News transmitted by DGAP

Language: English

Deutsche Wohnen AG
Pfaffenwiese 300
65929 Frankfurt

Phone:+49 (0)30 89786-0
Fax:+49 (0)30 89786-509
ISIN: DE000A0HN5C6, DE0006283302
WKN:A0HN5C, 628330
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Hamburg, Stuttgart  
End of News DGAP News-Service  


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