AFFINE (EPA:IML) General shareholders’ meetings approve the merger/absorption of AffiParis by Affine
Transparency directive : regulatory news
07/12/2012 18:00
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Paris, 07 December 2012, 06:00 p.m.
GENERAL SHAREHOLDERS' MEETINGS APPROVE THE MERGER/ABSORPTION OF AFFIPARIS BY
AFFINE
The extraordinary general meetings of shareholders of the AffiParis and Affine
companies, meeting on 7 December, approved the merger/absorption of AffiParis by
Affine based on an exchange ratio of 0.46 Affine share for one AffiParis share,
i.e. 23 Affine shares for 50 AffiParis shares.
In accordance with the provisions of the merger treaty, the transaction and
likewise the dissolution without winding-up of AffiParis, take effect on this
date, on the understanding that from an accounting and taxation point of view,
the merger is backdated to 1 January 2012.
In consideration for the AffiParis merger contribution, Affine performed a
capital increase of EUR 1,855,577.39 via the creation of 314,576 new Affine
shares allocated to AffiParis shareholders (with the exception of Affine).
This press release, drafted in accordance with Article 12 of the Financial
Markets Authority instruction no. 2005-11 dated 13 December 2005 as amended, was
published on 2 October 2012.
About Affine Group
Affine is a property company specializing in commercial property. At 30 June
2012, Affine and its subsidiary AffiParis owned and managed 65 properties with a
total value of EUR702m inclusive of taxes, spread over a total surface area of
524,000 sqm. The company owns office property (60%), commercial property (11%)
and warehouses (28%). Its business activity is evenly divided between the Ile de
France (Paris region) and other French regions.
Affine is the largest shareholder of Banimmo (49.5%), the Belgian repositioning
property company present in Belgium, France and Luxembourg, and of Concerto
European Developer, a subsidiary specializing in organizing development
operations in logistic property.
In 2003, Affine adopted the special tax treatment applicable to French real
estate investment trusts (SIIC). Affine shares are listed on NYSE Euronext Paris
(Ticker: IML FP / BTTP.PA; ISIN code: FR0000036105) and admitted to the deferred
settlement service (long only). Affine shares are included in the CAC Mid&Small,
SIIC IEIF and EPRA indices. AffiParis and Banimmo are also listed on NYSE
Euronext. www.affine.fr
Contact
INVESTOR RELATIONS PRESS RELATIONS
Frank Lutz Watchowah - Cyril Levy-Pey
+33 (0)1 44 90 43 53 - +33 (0)6 08 46 41 41 -
frank.lutz@affine.fr levy-pey@watchowah.com
FRENCH SOCIÉTÉ ANONYME WITH CAPITAL OF 53 288 268 EUROS - REGISTERED OFFICE:
5 RUE SAINT-GEORGES, 75009 PARIS
TÉL:+33 1 44 90 43 00 - FAx: +33 1 44 90 01 48 - EMAIL: INFO@AFFINE.FR
PARIS TRADE REGISTER 712 048 735 - INTRA-COMMUNITY VAT NO. FR92712048735