Contact Information: For further information, please contact: Wereldhave N.V. Charles F. Bloema Tel. + 31 70 346 93 25
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
| Source: Wereldhave NV
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