Underwriters’ Option relating to the Initial Public Offering of ProLogis European Properties (PEPR) is fully exercised
04/10/2006
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION INTO OR IN THE UNITED STATES NEITHER THIS ANNOUNCEMENT NOR ANY ACCOMPANYING ANNOUNCEMENT IS AN OFFER OF SECURITIES FOR SALE IN THE UNITED STATES. SECURITIES MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION. THE SECURITIES WHICH WOULD BE ISSUED IN AN INITIAL PUBLIC OFFERING HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE SECURITIES ACT), OR THE SECURITIES ACT OF ANY STATE OR OTHER JURISDICTION OF THE UNITED STATES AND ANY SECURITIES ISSUED AS PART OF AN INITIAL PUBLIC OFFERING MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (WITHIN THE MEANING OF REGULATION S UNDER THE SECURITIES ACT) WITHOUT REGISTRATION OR AN EXEMPTION THEREFROM (SUBJECT TO CERTAIN CONDITIONS).
4 October 2006 – Luxembourg – ProLogis European Properties (PEPR) today announces that Deutsche Bank and Morgan Stanley, joint global coordinators and joint book-runners for the Initial Public Offering (IPO) of ordinary units in ProLogis European Properties on Euronext Amsterdam N.V., have exercised in full the over-allotment option granted to them (in their capacity as representatives of the underwriters) by the selling unitholders to purchase 4,529,617 additional ordinary units at the offer price of €14.35 per ordinary unit. The closing of the sale of the additional ordinary units will occur on 5 October 2006 and will raise additional proceeds for the selling unitholders of approximately €65 million.
As a result, the total number of ordinary units sold in the IPO, including the 45,296,167 ordinary units sold prior to the exercise of the over-allotment option, will therefore be 49,825,784, resulting in a total offer size, after the closing of the sale of the additional ordinary units, of approximately €715 million.
Contacts
M:Communications
Sarah Hamilton +44 20 7153 1538 / +44 7836 295 291
hamilton@mcomgroup.com
Ed Orlebar +44 20 7153 1523 / +44 7738 724 630
orlebar@mcomgroup.com
About ProLogis European Properties (PEPR)
ProLogis European Properties, or PEPR, was established in 1999 and is an externally managed real estate investment fund organised as a Luxembourg closed-ended fonds commun de placement and regulated in Luxembourg by the Commission du Surveillance du Secteur Financier. PEPR owns a portfolio of high quality distribution facilities located in 25 submarkets within 11 European countries. It is managed by a subsidiary of ProLogis, a U.S. based real estate investment trust that operates a global network of industrial distribution properties and is a leading provider of distribution facilities and distribution services in North America, Europe and Asia.
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