Shares issued: Class A - 17,048,189 Class B - 3,112,838
HALIFAX, Jan. 28 /CNW/ - (TSX: HII.A & HII.B and NYSE Euronext
Amsterdam: HII)—Richard Homburg, Chairman and Chief Executive Officer
of Homburg Invest Inc. ("Homburg Invest" or the "Company"), announced
today that Homburg Invest has applied for admission for trading of
Homburg Capital Securities A on NYSE Euronext Amsterdam ("Euronext").
No certainty can be given that the application for admission for the
listing and trading of the Homburg Capital Security A will be granted.
In relation to the application, Homburg Invest is in the process of
preparing a prospectus that is being reviewed by the Netherlands
Authority for the Financial Markets ("AFM" - stichting Autoriteit Financiële Markten). Homburg Invest Inc. expects the trading to begin by the end of April
2011 at the latest, from which time the Homburg Capital Securities A
will, in principle, be traded daily.
The Homburg Capital Securities A were issued pursuant to a prospectus
dated February 25, 2009, which was subsequently complemented with a
supplemental prospectus dated May 5 2009, both as approved by the AFM.
The issue was for 26,766 Homburg Capital Securities A with a
denomination of €1,000 each, for a subscription amount of €26,766,000.
Holders of the Homburg Capital Securities A will be informed
individually about the book-entry procedure for their securities.
About Homburg Invest
Homburg Invest Inc. owns and develops a diversified portfolio of quality
commercial real estate including office, retail, industrial and
development properties throughout Europe and the United States, as well
as 33.7% of the units of Homburg Canada Real Estate Investment Trust.
The head office of the Company is located in Halifax, Nova Scotia.
This news release may contain statements which by their nature are
forward-looking and express the Company's beliefs, expectations or
intentions regarding future performance, future events or trends.
Forward looking statements are made by the Company in good faith, given
management's expectations or intentions, which are subject to market
conditions, acquisitions, occupancy rates, capital requirements,
sources of funds, expense levels, operating performance and other
matters. Therefore, forward-looking statements contain assumptions
which are subject to various factors including: unknown risks and
uncertainties; general economic conditions; local market factors;
performance of other third parties; environmental concerns; and
interest rates, any of which may cause actual results to differ from
the Company's good faith beliefs, expectations or intentions which have
been expressed in or may be implied from this news release.
Forward-looking statements are not guarantees of future performance and
are subject to known and unknown risks. Information and statements in
this document, other than historical information, should be considered
forward-looking and reflect management's current views of future events
and financial performance that involve a number of risks and
uncertainties. Factors that could cause actual results to differ
materially include, but are not limited to, the following: general
economic conditions and developments within the real estate industry,
competition and the management of growth. The Toronto Stock Exchange
has neither approved nor disapproved the information contained herein.
SOURCE HOMBURG INVEST INC.
For further information:
Mr. Richard Homburg
Chairman and CEO
Homburg Invest Inc.
J. Richard Stolle
President and COO
Homburg Invest Inc.