VITURA (EPA:VTR) Objective achieved: compliance with SIIC regime
Transparency directive : regulatory news
07/12/2009 18:49
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Press ReleaseParis, December 7th , 2009
Financial Information
Objective achieved: compliance with SIIC regime
Today, the main shareholder of CeGeREAL, Commerz Real, has sold through an
off-market block transaction, to a foreign private investor a block of shares
representing 7% of the share capital and voting rights of the company. This
transaction thus allows Commerz Real to reduce its stake below 60% and CeGeREAL
to keep its SIIC status.
Commerz Real declares that it is not acting in concert with the above-mentioned
investor.
As a reminder, the SIIC regime imposes on each shareholder or shareholder group,
acting alone or in concert, to own less than 60% in a SIIC company by the end of
this year. In case of non compliance as of January 1st , 2010, the company would
have incurred either the temporary loss of its fiscal transparency (in case of
regularisation during the fiscal year 2010), or the permanent exit from the
regime.
Based on the success of this compliance process in a demanding financial
context, CeGeREAL intends to address its growth projects as of 2010 and reminds
that the stake held by Commerz Real of less than 60%, maximum stake imposed by
the law, should naturally protect minority shareholders from being diluted.
About CeGeREAL
CeGeREAL, which opted for the French SIIC tax regime (Sociétés
d'Investissements Immobiliers Cotées) is a real estate company that specialises
in the management of prime office buildings.
The Company's assets consist of three significant properties located in the
inner suburbs of Paris. As of June 30 2009, their estimated total value, as
determined by the independent appraiser CB Richard Ellis Valuation, is
approximately EUR848 million (excluding duties).
Euronext Paris- FR0010309096 - CGR
SBF 250 - Indice IEIF "SIIC France"
www.cegereal.com
Press Contact
Publicis Consultants
Stéphanie Binet / +33 (0)1 57 32 85 50 /
stephanie.binet@consultants.publicis.fr
Financial communications
Publicis Consultants
Antoine Denry / +33 (0)1 57 32 85 87 /
antoine.denry@consultants.publicis.fr
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