YOUNIQ AG approves capital increase (ad hoc announcement)

A total of up to 3,525,000 new ordinary bearer shares, each with a notional amount in relation to the share capital of EUR 1.00, are to be issued for this purpose.

The new shares are to be offered for subscription to shareholders by way of indirect subscription rights on the basis of a 2:1 subscription ratio in the period between May 19, 2011 inclusive and June 3, 2011 inclusive. This means that one new share can be subscribed in exchange for two of the company's ordinary bearer shares currently held. Subscription rights trading will not be organised. Both major shareholders, GOETHE INVESTMENTS S.à r.l., Luxembourg, and Rabano PROPERTIES S.à r.l., Luxembourg, which currently hold a total of around 98% of the existing shares, will assign and transfer their pre-emptive rights to Close Brothers Seydler Bank AG. Said assignment will be provided by an underwriting agreement still to be concluded. Such underwriting agreement will also provide that up to 500,000 YOUNIQ shares that are currently held by the aforementioned two major shareholders are to be offered for purchase to institutional investors as part of a pre-placement. According to the underwriting agreement, Close Brothers Seydler Bank AG, which is advising the transaction as Sole Global Coordinator and Sole Bookrunner, will be obliged to offer the new shares and the existing shares by way of a pre-placement to institutional investors in Germany and in selected other European countries. The pre-placement will be structured as a bookbuilding procedure. The offer period for the pre-placement will run presumably from May 11 until May 13, 2011. The pre-placement is subject to the condition that the requisite number of new shares will be available following the conclusion of the subscription offer as far as free float shareholders exercise their subscription rights.

The subscription offer with respect to the shares issued in the context of the capital increase will be published in the electronic Federal Gazette presumably on May 18, 2011 following approval of the securities prospectus by the Federal Financial Supervisory Authority (BaFin) which is currently still outstanding. The subscription price and the final issue volume will be determined based on the result of the bookbuilding procedure for the pre-placement. The subscription price will correspond to the offering price.

YOUNIQ AG intends to use approximately 70 to 80% of the net issue proceeds to strengthen the company's capital and liquidity with respect to the financing of the potential project pipeline in the "YOUNIQ - Student Living" business segment and to strengthen YOUNIQ's market positioning. The remaining issue proceeds will serve to finance refurbishment and maintenance measures for the existing real estate portfolio and to increase financial flexibility.


Issuer: YOUNIQ AG
Neue Mainzer Strasse 28
60311 Frankfurt am Main, Germany
ISIN: DE000A0B7EZ7
WKN: A0B7EZ
Stock exchanges: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Düsseldorf, Stuttgart

< End of the ad hoc announcement >