VESTA ANNOUNCES PRICING OF FOLLOW ON OFFER ON BMV
Mexico City, Mexico, June 26, 2013.—Corporacion Inmobiliaria Vesta, S.A. B. de C. V. (“Vesta”) (BMV: Vesta), one of Mexico’s leading industrial real estate owner, developer and asset administrators, announced today that it successfully completed a primary and secondary follow-on offering for the amount of Ps.2,866.0 million, including an overallotment option of Ps. 373.8 million at a price of Ps. 22.50 per share. Vesta trades on the Mexican Stock Exchange (BMV) under the symbol “Vesta”.
The global public offering of shares was 88.4% primary and 11.6% secondary, allowing a long time investor the opportunity to orderly exit its seed investment. The primary proceeds will be used to fund the development and acquisition of various industrial real estate properties and to further consolidate its expansion. The offering took place on Tuesday in Mexico via the BMV, in the United States via Reg. 144A, and in other countries via Reg S.
Vesta offered 97,959,184 shares during its global primary offering at Ps. 22.50 each. Net proceeds from the offering, not including the potential exercise of the greenshoe, amounted to approximately Ps. 2,204.1 million (approximately US$ 166.4 million). The Company has granted the underwriters a 30-day option to purchase additional shares at the public offering price to cover over-allotments, bringing the total outstanding shares at the company to 507,452,012 if it is exercised. The deal was allocated 48.8% in Mexico and 51.2% in the international markets.
Credit Suisse, Casa de Bolsa Credit Suisse (Mexico) S.A. de C.V., Grupo Financiero Credit Suisse (Mexico) and Santander, Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander, acted as joint bookrunners for the offering.
About VESTA
Vesta is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of March 31, 2013, Vesta owned 87 properties located in modern industrial parks in 11 states of Mexico totaling a GLA of 12 million square feet (1.12 million square meters). The Company has 83 multinational clients, which are focused in industries such as aerospace, automotive, food and beverage, logistics, medical devices, and plastics, among others. For additional information visit: www.vesta.com.mx.
Investor Contact:
Juan Sottil
Tel: 52-55 5950-0070
Email: investor.relations@vesta.com.mx
In New York:
Lucia Domville, Grayling
Tel: +1 646-284-9416
Email: vesta@grayling.com
Released June 26, 2013