COVIVIO HOTELS (EPA:COVH) - Foncière des Murs announces the successful completion of its share capital increase of approximately €125 million

Transparency directive : regulatory news

10/04/2012 18:00

This press release may not be published, forwarded or distributed, directly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

                                                       Paris, April 10th, 2012

Foncière des Murs announces the successful completion of its share capital
                   increase of approximately EUR125 million

Foncière des Murs announces today the final result of its share capital
increase launched on March 14th, 2012 for a gross amount of EUR124,551,936
through a free allotment of equity warrants (the "Warrants") to its existing
shareholders.

Foncière des Régions has irrevocably undertaken to acquire all the Warrants
which would not have been exercised by the end of the exercise and listing
period of the Warrants and to exercise them.

Upon exercise of the totality of the 56,437,605 Warrants (corresponding to the
total number of Warrants issued, after deduction of the 1,334 Warrants
attributable to treasury shares which have been cancelled), 7,784,496 new shares
will be issued for a total gross amount of EUR124,551,936, of which:

- 7,747,512 new shares resulting from the exercise of Warrants by their
   assignees and the transferees, and

- 36,984 new shares resulting from the exercise by Foncière des Régions of
   the 268,143 Warrants (before taking into account the fraction of BSA)
   repurchased from their holders and which have not been exercised by the
   end of the exercise and listing period of the Warrants.

In the context of this share capital increase, Foncière des Régions subscribed
3 528 672 new shares.

Following this transaction, the share capital of Foncière des Murs comprises
64,223,435 shares and is composed as follows:

                   Number of    % of the share   Number of voting   % of voting

                    shares         capital            rights           rights

Foncière des
Régions           18,174,926        28.30%         18,174,926          28.30%
Générali Vie      13,206,601        20.56%         13,206,601          20.56%
ACM Vie            9,192,039        14.31%          9,192,039          14.31%
Predica            9,644,151        15.02%          9,644,151          15.02%
Cardif Assurance
Vie                6,551,838        10.20%          6,551,838          10.20%
Pacifica           1,433,631         2.23%          1,433,631           2.23%
Free-Float         6,018,915         9.37%          6,018,915           9.37%
Treasury shares        1,334          ns                1,334            ns
Total             64,223,435       100.00%         64,223,435         100.00%

The settlement and delivery and the admission to listing of the new shares on
the regulated market of NYSE Euronext in Paris is scheduled on April 13th, 2012.
The new shares will immediately be fungible with existing shares and will be
listed on the same listing line under ISIN code FR0000060303.

Crédit Agricole Corporate and Investment Bank and Natixis are acting as Joint
Lead-Managers of this share capital increase.

This share capital increase will provide the company with the necessary
financial means to seize investment opportunities and finance its future growth
projects and at enhancing its financial flexibility by strengthening its
shareholders' equity.

Information available to the public

The prospectus (the "Prospectus") consists of (i) the reference document of
Foncière des Murs filed with the Autorité des marchés financiers (the "AMF")
on March 5th, 2012 under No D.12-0126 (the "2011 Reference Document"), (ii) a
securities note which received visa No 12-116 from the AMF, dated March 13th,
2012 (the "Securities Note"), (iii) a supplementary securities note, which
received visa No 12-128 from the AMF, dated March 22nd, 2012, and (iv) the
summary of the Prospectus.

Copies of the Prospectus approved by the AMF is available, free of charge, from
Foncière des Murs' head office, 30 avenue Kléber, 75116 Paris, on the
company's website (www.foncieredesmurs.fr) and on the website of the AMF
(www.amf-france.org), as well as from the Joint Lead-Managers.

Foncière des Murs draws the attention of investors to the risk factors,
described on page 37 and seq. of the 2011 Reference Document and under Chapter 2
of the Securities Note.

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 and listed on
Compartment B of the regulated market of NYSE Euronext in Paris under ISIN code
FR0000060303-FMU

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 physicaly 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, (i) 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 "), (ii) are persons faling
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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