24/12/2009
This press release is being issued pursuant to Rule 135c
under the US Securities Act of 1933, as amended, and is not an
offer of securities for sale, or the solicitation of an offer to
buy securities, in the United States or elsewhere. The securities
mentioned in this press release have not been and will not be
registered pursuant to the US Securities Act of 1933, as amended.
They cannot be offered or sold in the United States absent
registration or an exemption from registration. No public offer of
the securities has been or will be made in the United States or
elsewhere.
This press release may contain certain forward-looking statements.
These forward-looking statements involve certain risks and
uncertainties that could cause actual results to differ materially
from those indicated in such forward-looking statements. The
company assumes no obligation to update any forward-looking
statement contained in this press release.
Luxembourg – 24 December 2009 –
ProLogis European Properties (Euronext: PEPR), one of
Europe’s largest owners of modern distribution facilities,
announced today that it has completed the €61.1 million
preferred equity raise, launched on 16 November 2009. PEPR intends
to use net proceeds from the offering to reduce outstanding debt
and for general corporate purposes.
10,298,510 perpetual convertible preferred units (‘Preferred
Units”) were issued at €5.93 per unit, a price which is
equal to the revised net asset value per ordinary unit as at 30
September 2009. The Preferred Units will commence trading fully
paid-up on the regulated market of the Luxembourg Stock Exchange
and on Euronext Amsterdam from today.