SOURCE: Wereldhave NV

August 13, 2009 11:56 ET

Wereldhave Announces the Successful Pricing of Its Convertible Bonds; Prices Euro 230 Million of 5-Year Senior Unsecured Convertible Bonds

This Announcement Is Not for Distribution, Directly or Indirectly, in or Into the United States, Canada, Australia, Italy or Japan or in Any Other Jurisdiction in Which Offers or Sales Would Be Prohibited by Applicable Law

THE HAGUE, NETHERLANDS--(Marketwire - August 13, 2009) - Wereldhave N.V. ("Wereldhave") announces that the offering (the "Offering") of senior unsecured convertible bonds due 2014 (the "Bonds") was successfully priced today at the best end of the indicative terms for Wereldhave.

The Bonds will be issued at 100 per cent. of their principal amount and will have a coupon of 4.375 per cent. per annum payable semi-annually in arrear. The conversion price is EUR 72.184, a premium of approximately 15 per cent. above the volume-weighted average price of the ordinary shares of Wereldhave (the "Shares") on Euronext Amsterdam during the course of today up to the time of pricing. The maturity of the Bonds is 5 years.

Barclays Capital and UBS Investment Bank have also notified Wereldhave that they intend to exercise today the EUR 30 million increase option granted to them by Wereldhave. Consequently the issue size has been increased to EUR 230 million. The Shares to be issued upon conversion of the Bonds will represent approximately 15% of Wereldhave's currently issued share capital.

The net proceeds of the Offering will be used by Wereldhave for general corporate purposes.

The Bonds will be offered to institutional investors only. Neither the Bonds nor the Shares have been or will be registered under the U.S. Securities Act 1933, as amended (the "Securities Act") and will be offered and sold only outside the United States in compliance with Regulation S under the Securities Act. Neither the Bonds nor the Shares will be offered to investors in the United States, Australia, Canada, Italy or Japan or any other jurisdiction in which offers or sales would be prohibited by applicable law.

Click on, or paste the following link into your web browser, to view the associated PDF document.

http://www.rns-pdf.londonstockexchange.com/rns/4193X_1-2009-8-13.pdf

The Hague, August 13, 2009

Wereldhave N.V.

Disclaimer: see website Wereldhave

Contact Information

  • For further information, please contact:
    Wereldhave N.V.
    Charles F. Bloema
    Tel. + 31 70 346 93 25