Foncière des Régions (FdR) said on Monday that it has strengthened its capital by nearly EUR 200 mln after seeing nearly 100% of its outstanding equity warrants exercised. The warrants, with a subscription period covering the entire year 2010, were awarded to FdR shareholders at end-2009 on a ratio of one equity warrant for each FdR share.
Foncière des Régions (FdR) said on Monday that it has strengthened its capital by nearly EUR 200 mln after seeing nearly 100% of its outstanding equity warrants exercised. The warrants, with a subscription period covering the entire year 2010, were awarded to FdR shareholders at end-2009 on a ratio of one equity warrant for each FdR share.
The allocation was part of FdR's all-share acquisition in October 2009 of a portfolio of five office buildings from insurance groups Groupama and Predica for EUR 267 mln. Over 3 million new shares were issued through the operation, bringing the total number of FdR shares to 55 million.
FdR is a French office-focused real estate group with around EUR 8.6 bn of property assets.