Gecina Acknowledges the Preliminary Results of Its Public Offering for Foncière de Paris

Dienstag, 20.09.2016 18:25



PARIS --(BUSINESS WIRE)--

Regulatory News:

Gecina (Paris:GFC) has today acknowledged the preliminary results of its public offering for Foncière de Paris’ securities. Following the offer period, 1.4 million of Foncière de Paris shares have been tendered for Gecina's offer, representing around 14% of the company's capital.

Gecina would like to thank the Foncière de Paris shareholders who expressed their preference for Gecina's more attractive offer, which was integrated within its industrial project driving growth and profitability.

The success of Gecina's offer was dependent on obtaining more than 50% of Foncière de Paris' share capital and voting rights. This threshold has not been reached following the decision by Foncière de Paris' principal shareholders to not put their securities forward for Gecina's offer. As a result, the securities submitted to Gecina will be returned to their owners.

Gecina plans to continue moving forward with its strategy, built around a highly selective policy for acquisitions, alongside sales of non-strategic assets that will generate capital gains. In addition, the gradual deployment of a 3.6 billion euro pipeline, including 1.1 billion euros of projects already underway that will generate nearly 75 million euros of additional annual rent by 2018, offers solid perspectives in terms of results and dividends. This project, aiming to further strengthen Gecina's leading position on the Paris office market, is focused on operational, financial and environmental performance, backed by a solid balance sheet.

Gecina, a leading real estate group

Gecina owns, manages and develops property holdings worth 11.7 billion euros at July 1, 2016, with 97% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets and student residences. These data exclude the healthcare portfolio, which was sold for 1.35 billion euros on July 1, 2016. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its commitments to the community, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.

www.gecina.fr

Disclaimer

This press release has been prepared exclusively for information. It does not constitute a purchase or exchange offer, or a request for an offer for the sale or exchange of Foncière de Paris securities, nor a purchase or exchange offer, or a request for an offer for the sale or exchange of Gecina securities. The release, publication or distribution of this press release may be restricted by the laws applicable in certain jurisdictions and, as a result, any person in possession of it in such jurisdictions must seek advice concerning the legal restrictions in force and ensure compliance with them. It is strongly recommended that investors and shareholders located in France should review the offer document and the information relating to the legal, financial and accounting characteristics in particular published on Gecina's website (www.gecina.fr) and the website of the French financial markets authority (www.amf-france.org), as well as any amendments or supplements to these documents, since they contain important information concerning the proposed transaction and other related topics.

Neither Gecina, nor its shareholders and respective representatives or advisors accept any liability concerning any use by any person of this press release or its content, or more generally in connection with this press release.

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