Homburg Invest applies for admission for listing and trading of Homburg Capital Securities A
Shares issued: Class A - 17,048,189 Class B - 3,112,838
HALIFAX, Nova Scotia. January 28, 2011-(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.
For further information, please contact:
Mr. Richard Homburg
Chairman and CEO
Homburg Invest Inc.
J. Richard Stolle
President and COO
Homburg Invest Inc.