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Befimmo SCA Signs Contribution Agreement with Axa SA's Axa Belgium SA for AMCA Building in Exchange for Its 2,037,037 New Shares


Tuesday, 18 Jun 2013 11:40am EDT 

Befimmo SCA announced that it signed with Axa SA's Axa Belgium a contribution agreement for the AMCA building in Antwerp including approximately 58,000 square meters of office space, 1,500 square meters of archives and 500 parking spaces. The building's conventional value has been set at EUR 110 million. The full ownership contribution of the AMCA building will result in an increase in Befimmo SCA's shareholders' equity by an amount of EUR 110 million and will be paid for by the granting Axa Belgium SA 2,037,037 new shares of Befimmo SCA, to be issued upon a capital increase completed within the authorized capital, which will take place at the contribution deed. The issue price of these new shares was set at EUR 54.00 per share. The new shares will have the same rights and benefits as existing shares, including participation in the full dividend for the current fiscal year. They will be listed in NYSE Euronext Brussels in July 2013.