COVIVIO HOTELS (EPA:COVH) - Foncière des Murs announces its intention to launch an approximately € 125 million share capital increase supported by its main shareholders and aimed at financing its future growth projects

Transparency directive : regulatory news

23/02/2012 07:30

This press release may not be published, forwarded or distributed, directly
or indirectly, in the United States, Canada, Australia or Japan.

                                                         February 23rd , 2012

      Foncière des Murs announces its intention to launch an approximately
EUR 125 million share capital increase supported by its main shareholders and
                aimed at financing its future growth projects

                        Share capital increase project

Foncière des Murs intends to launch, in the near future, a share capital
increase, which will preserve the interests of the existing shareholders, for
an amount of approximately EUR125 million, subject to market conditions and to
the approval from the French Autorité des marchés financiers on the prospectus
which will be prepared for this purpose.

The main shareholders of Foncière des Murs, members of the supervisory board,
which hold collectively 73.96% of the share capital, have indicated their
intention to participate in the issue proportionally to their interest in the
share capital.

Foncière des Régions has also indicated its intention to subscribe for the new
shares which would not have been subscribed at the end of the subscription
period.

This share capital increase aims at strengthening the shareholders' equity of
the Company and financing its future growth projects.

About Foncière des Murs
Foncière des Murs SCA, a subsidiary of Foncière des Régions, is specialised
in business premises, especially in the hotel, healthcare and retail premises
sectors. At December 31, 2011, the company's assets were valued at EUR2.9
billion. The average length of leases is 8 years and the occupancy rate is 100%
with top-tier tenants. Partner of leading companies of the business premises
sector, Foncière des Murs is headed by Dominique Ozanne, General Manager and
Member of the Board of Directors of Foncière des Régions.

Contact:
Foncière des Murs

Cécile Boyer . General Secretary
Tel.: +33 (0)1 58 97 54 47
cecile.boyer@fdr.fr

See this press release at www.foncieredesmurs.fr

Important Information

This press release does not constitute an offer to sell or subscribe or a
solicitation of an order to buy or subscribe for securities in any country. In
France, securities may not be offered absent a prospectus approved by the
Autorité des marchés financiers.

The distribution of this press release may be restricted in certain countries
by applicable laws and regulations. Persons who are physically located in those
jurisdictions and in which this press release is circulated, published or
distributed must inform themselves about and observe such restrictions.

The securities that may be issued as part of this share capital increase have
not been and will not be registered under the United States Securities Act of
1933, as amended (the " Securities Act ") and may not be offered or sold in the
United States absent such registration or an applicable exemption from the
registration requirements of the Securities Act. Foncière des Murs does not
intend to register any portion of the planned offering in the United States or
to conduct a public offering of securities in the United States.

This press release does not constitute a public offering of securities in the
United Kingdom.. This press release is directed only at persons who (i) are
located outside the United Kingdom, (ii) have professional experience in
matters relating to investments and fall within Article 19(5) (" investment
professionals ") of the Financial Services and Markets Act 2000 (Financial
Promotions) Order 2005, as amended (the " FSMA "), (iii) are persons falling
within Article 49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the FSMA or (iv) are persons to whom this press release
may otherwise lawfully be communicated (all such persons together being
referred to as " Relevant Persons "). Any person other than a Relevant Person
may not act or rely on this document or any provision thereof. Any investment
or investment activity to which this presentation relates is available only to
Relevant Persons and will be engaged in only with Relevant Persons. This press
release may not be published, forwarded or distributed, directly or indirectly,
in the United States, Canada, Australia or Japan.

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COVIVIO HOTELS (EPA:COVH) - Foncière des Murs announces its intention to launch an approximately € 125 million share capital increase supported by its main shareholders and aimed at financing its future growth projects

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