Orava Asuntorahasto Oyj
ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE
Orava Asuntorahasto Oyj 30.06.2015 20:02 Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Orava Residential REIT plc STOCK EXCHANGE RELEASE 30 JUNE 2015 AT 8:40 P.M. ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE Orava Residential REIT has today signed a deal to acquire a total of 44 apartments in Asunto Oy Lahden Jukolan Aapo and Asunto Oy Lahden Jukolan Tuomas for a purchase price of EUR 1.5 million. Orava Residential REIT financed half of the transaction by a directed share issue allocated to Suomen Vuokrakodit Oy, in which Suomen Vuokrakodit Oy subscribed for 68.446 new shares, of which 35.758 shares do not entitle to dividends to be paid in 2015. The subscription price of the new shares is the weighted average price over the five trading days at NASDAQ Helsinki preceding 29 June 2015. Changes in the fair value of apartments in April-May and the result impact of aqcuisitions in June is estimated to be over EUR 2 million positive. Veli Matti Salmenkylä CFO Information Veli Matti Salmenkylä, CFO, telephone +358 (0)10 420 3102 http://www.oravaasuntorahasto.fi/ News Source: NASDAQ OMX 30.06.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Orava Asuntorahasto Oyj Finland Phone: Fax: E-mail: Internet: ISIN: FI4000068614 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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