Offer for Foncière de Paris filed with the French financial markets authority, with an additional component added based on an exchange for Gecina OSRA

PARIS--()--Regulatory News:

Gecina (Paris:GFC) is announcing that it has today filed with the French financial markets authority (AMF) its offer for all the securities of Foncière de Paris, as supplemented and described in its press release dated June 14, 2016 (the “Offer”).

This Offer, approved by Gecina’s Board of Directors on June 13, 2016, gives Foncière de Paris’ shareholders, in addition to the pre-existing conditions, the additional option to tender their securities for a public exchange offer based on Gecina subordinate bonds redeemable in shares “OSRA” (mandatory convertibles). The other terms and conditions of the Gecina Offer filed on May 19, 2016 are unchanged.

For reference, this new OSRA component is structured based on the following terms:

  • 23 new Gecina OSRA for 20 Foncière de Paris shares.
  • The Gecina OSRA will be issued at a unit price of 117.66 euros.
  • They will be redeemed into new Gecina shares and will offer a return of 5.5% for seven years.

Considering this new OSRA bond component, the Extraordinary General Meeting initially scheduled for June 29, 2016 will take place on July 27, 2016. The Offer filed on this day also includes the updated indicative offer schedule, which should open on July 22, 2016.

Gecina, a leading real estate group

Gecina owns, manages and develops property holdings worth 12.9 billion euros at December 31, 2015, with 90% located in the Paris Region. The Group is building its business around France’s leading office portfolio and a diversification division with residential assets, student residences and healthcare facilities. Gecina has put sustainable innovation at the heart of its strategy to create value, anticipate its customers' expectations and invest while respecting the environment, thanks to the dedication and expertise of its staff.

Gecina is a French real estate investment trust (SIIC) listed on Euronext Paris, and is part of the SBF 120, Euronext 100, FTSE4Good, DJSI Europe and World, Stoxx Global ESG Leaders and Vigeo indices. In line with its commitments to the community, Gecina has created a company foundation, which is focused on protecting the environment and supporting all forms of disability.

www.gecina.fr

Disclaimer

This press release has been prepared for information purposes only. It does not constitute an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Foncière de Paris, or an offer to purchase or exchange or the solicitation of an offer to sell or exchange any securities of Gecina.

The release, publication or distribution of this press release in certain countries may be restricted by applicable laws and regulations in those countries and, therefore, any person in such countries who obtains this press release must enquire about applicable legal restrictions and comply with them.

Pursuant to French laws and regulations, the public tender offer and the draft offer document of Gecina, which sets out the terms and conditions of the public tender offer, remain subject to review by the Autorité des Marchés Financiers. Investors and shareholders in France are strongly advised to read the draft offer document referenced in this press release and any amendments and supplements to such document as it contains important information regarding the contemplated transaction and related matters.

The draft offer document is available on the websites of Gecina (www.gecina.fr) and the Autorité des Marchés Financiers (www.amf-france.org) and a copy can be obtained free of charge from Gecina (14-16, rue des Capucines - 75002 Paris) and Goldman Sachs (5, avenue Kleber - 75116 Paris).

Neither Gecina, its shareholders or their respective advisers or representatives accept any liability for the use of this press release by any person or its content, or more generally in relation to this press release.

Contacts

GECINA CONTACTS
Financial communications
Samuel Henry-Diesbach, +33 (0)1 40 40 52 22
samuelhenry-diesbach@gecina.fr
or
Virginie Sterling, +33 (0)1 40 40 62 48
virginiesterling@gecina.fr
or
Press relations
Brigitte Cachon, +33 (0)1 40 40 62 45
brigittecachon@gecina.fr
or
Armelle Miclo, +33 (0)1 40 40 51 98
armellemiclo@gecina.fr

Contacts

GECINA CONTACTS
Financial communications
Samuel Henry-Diesbach, +33 (0)1 40 40 52 22
samuelhenry-diesbach@gecina.fr
or
Virginie Sterling, +33 (0)1 40 40 62 48
virginiesterling@gecina.fr
or
Press relations
Brigitte Cachon, +33 (0)1 40 40 62 45
brigittecachon@gecina.fr
or
Armelle Miclo, +33 (0)1 40 40 51 98
armellemiclo@gecina.fr