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Orco Property Group : Exercise of Stock-Options
LUXEMBOURG, June 25 /PRNewswire/ --
- Pursuant to the Exercise of 209,000 Stock-Options, 209,000 New Shares
Have Been Created (ISIN code LU0122624777).
- The Corporate Capital is Fixed at EUR 42,691,278.7.- Representing
10,412,507 Shares.
- In Case of Divergences Between the English and Translated Versions, the
English Version Will be Prevailing.
Orco Property Group is a leading investor, developer and asset manager in
the Central European real estate and hospitality market, currently managing
assets of 1.31 billion EUR, as valued at 31/12/2006. Operating in Central
Europe since 1991, Orco Property Group is a public company, based in
Luxembourg, and listed on both the Euronext and Prague Stock Exchange. Orco
Property Group's portfolio includes, IPB Real, MaMaison Hotels & Apartments,
Viterra Development, Orco Real Estate, and other retail properties. Orco
Property Group operates in a number of countries including, mainly, the Czech
Republic, Hungary, Poland, Russia, Croatia, Germany and Slovakia. Orco
Property Group is continually analyzing investment into new territories.
Orco Property Group is also sponsor and manager of the
Endurance Real Estate Fund for Central Europe, a Luxembourg-regulated,
closed-end and umbrella fund with four sub-funds focused on real estate
acquisitions on office and retail, office class A, residential and
hospitality markets. The total subscribed capital of the first sub-fund
Office & Retail represents EUR 150 million and it currently manages assets of
approx. EUR 190 million. Estimated total value of the Fund's portfolio after
investment of full subscribed capital is ca. EUR 500 million. The Endurance
Fund is dedicated to institutional investors and focuses on acquisitions in
Central European real estate markets. The second Residential sub-fund started
its activities in October 2006. Its current subscribed capital amounts to EUR
58 million, the target being EUR 150 million. The A class office and
Hospitality sub-funds are currently starting the subscriptions. For further
information, please visit www.orcogroup.com
For additional information please visit: www.orcogroup.com or
contact:
Luxembourg
Luc Leroi
Tel : +352-26-47-67-47
lleroi@orcogroup.com
Paris
Severine Farjon
Tel :+33-1-40-67-67-00
sfarjon@orcogroup.com
Prague
Ales Vobruba
Tel : +42-02-21-416-311
avobruba@orcogroup.com
