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Berlin IV takeover offer at DKK 4.99

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Berlin IV announced this morning that Immeo Danish Holding Ltd., an indirect subsidiary of Foncière des Régions SA, has filed a voluntary public offer to the shareholders in Berlin IV. The notification is made in accordance with Section 4 of Executive Order no. 562 of June 2, 2014 on takeover bids, after which Immeo Danish Holding ApS is expected to publish an official offer document at the latest within four weeks.

Immeo Danish Holding ApS will offer shareholders in Berlin IV DKK 4.99 per share in cash (both A and B shares). The Board in Berlin IV A notes that this, based on the latest published annual report, corresponds to a valuation of the properties of almost EUR 1,800 per square meter.

The offer represents a premium of 43% (adjusted for dividends for the financial year 2014/2015) compared to the closing price of B shares on NASDAQ Copenhagen on Oct. 7, 2015, when Berlin IV stated that it has received an unsolicited approach with a non-binding interest in acquiring a controlling stake in Berlin IV.

Shareholders in Berlin IV, including chairman Erik Stannow (Stannow Invest ApS), Board Member Ole E. Mortensen (IEI Portfolio A / S) and CEO Søren Krarup (SK Berlin Invest ApS, Astheo Holding ApS), who together represent 42.1% of the share capital and 44.4% of the vote, have given a binding undertaking to accept the offer from Immeo Danish Holding ApS.

Foncière des Régions SA announced 28 September 2015 an indirect total shareholding in Berlin IV of 5.18% of the share capital and 25.27% of the votes.

The Board in Berlin IV A / S will issue a statement on the offer as soon as possible and no later than two weeks after the publication of the official offer document. Until the Board’s statement on the offer exists, the Board has no further comments regarding. this announcement.

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