DLD Deutsche Land

 

TIDMDLD 
 
RNS Number : 2529X 
Deutsche Land Plc 
11 August 2009 
 
?Deutsche Land plc 
("Deutsche Land"/ the "Company") 
Placing and Subscription update 
 
 
On 12 June 2009 the Company announced a placing of and subscription for a total 
of 119,291,009 new ordinary shares of EUR0.01 each in the Company at 12 pence per 
share (the "Subscription Price") which raised, in aggregate, approximately 
GBP14.3 million before expenses. 
 
 
Pursuant to the subscription agreement entered into with Black Sea Global 
Properties Limited ("BSGP"), the Company issued 94,934,447 new ordinary shares 
to BSGP, representing 29.9 per cent. of the issued share capital of the Company. 
 
 
 
In addition, the Company agreed to issue a further 167,493,489 new ordinary 
shares to BSGP at the Subscription Price (the "Additional Subscription"), 
subject to the receipt of a waiver from the Takeover Panel of the obligations 
which would otherwise arise on BSGP to make a general offer pursuant to Rule 9 
of the Takeover Code and the approval of such waiver by the Company's 
independent shareholders ("Whitewash"). The Additional Subscription would have 
increased BSGP's holding in the Company to approximately 54.1 per cent. of the 
enlarged share capital of the Company. 
 
 
Following consultation with the Company's largest independent shareholders, the 
Company and BSGP have decided not to proceed with the Whitewash; as a 
consequence the Additional Subscription will not take place. 
 
 
In accordance with the terms of the subscription agreement, Mr Obie Moore will 
soon be joining the board as BSGP's representative. 
 
 
Stephen Dickinson, Chairman of Deutsche Land, commented: 
 
 
"We welcome the addition of BSGP to our shareholder base and look forward to Mr 
Moore's appointment to our Board." 
 
 
 
 
Contacts: 
+------------------------------------------+-----------------------------+ 
| Deutsche Land plc                        |                             | 
+------------------------------------------+-----------------------------+ 
| Stephen Dickinson (Chairman)             |        +44 (0) 20 7647 9670 | 
| David Maxwell (Chief Executive)          |                             | 
+------------------------------------------+-----------------------------+ 
|                                          |                             | 
+------------------------------------------+-----------------------------+ 
| SP Angel Corporate Finance LLP           |                             | 
+------------------------------------------+-----------------------------+ 
| John Mackay                              |        +44 (0) 20 7646 9650 | 
+------------------------------------------+-----------------------------+ 
| David Facey                              |                             | 
+------------------------------------------+-----------------------------+ 
|                                          |                             | 
+------------------------------------------+-----------------------------+ 
| Matrix Corporate Capital LLP             |                             | 
+------------------------------------------+-----------------------------+ 
| Stephen Mischler                         |        +44 (0) 20 3206 7203 | 
+------------------------------------------+-----------------------------+ 
|                                          |                             | 
+------------------------------------------+-----------------------------+ 
| Citigate Dewe Rogerson                   |                             | 
+------------------------------------------+-----------------------------+ 
| George Cazenove                          |        +44 (0) 20 7638 9571 | 
| Hannah Seward                            |                             | 
+------------------------------------------+-----------------------------+ 
 
 
Notices 
 
 
This announcement has been issued by Deutsche Land and is the sole 
responsibility of Deutsche Land. 
 
 
SP Angel Corporate Finance LLP is acting for Deutsche Land and no-one else in 
connection with the Additional Subscription and Whitewash. SP Angel Corporate 
Finance LLP will not be responsible to anyone other than Deutsche Land for 
providing the protections afforded to its clients, nor for providing advice in 
relation to the Additional Subscription and Whitewash or any other matter 
referred to in this announcement. 
 
 
This announcement is for information purposes only and does not constitute an 
offer or an invitation or inducement to acquire or dispose of any securities or 
investment advice in any jurisdiction. 
 
 
This announcement does not constitute an offer to sell or issue or the 
solicitation of an offer to buy or subscribe for securities in the United 
States, Canada, Australia, the Republic of Ireland, the Republic of South Africa 
or Japan or any other jurisdiction in which such offer or solicitation is 
unlawful and should not be relied upon in connection with any decision to 
acquire Shares or any other securities of Deutsche Land. 
 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 STRUAOARKKRWAAR 
 

Deutsche Land (LSE:DLD)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Deutsche Land (LSE:DLD)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024