Vesta Announces Pricing of Follow-On Offering of US$ 148.8 Million (Gross Proceeds) of ADSs
07 Dezembro 2023 - 10:48PM
Business Wire
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE:
VTMX), a fully-integrated, internally managed real estate company
that owns, manages, develops and leases industrial properties in
Mexico, announced today that it has priced its underwritten public
offering of 4,250,000 American Depositary Shares, or ADSs,
representing 42,500,000 of its common shares, at a price of US$
35.00 per ADS. The underlying common shares are registered in the
Mexican National Securities Registry (Registro Nacional de Valores;
the “RNV”), which is maintained by the Mexican National Banking and
Securities Commission (Comision Nacional Bancaria y de Valores; the
“CNBV”).
Vesta intends to use the net proceeds from the offering to fund
its growth strategy, as described in its registration statement on
Form F-1.
Barclays, BofA Securities and Morgan Stanley are acting as
global coordinators of this offering.
A registration statement on Form F-1 relating to these
securities has been filed with, and declared effective by, the U.S.
Securities and Exchange Commission (“SEC”). Copies of the
registration statement can be accessed through the SEC’s website at
www.sec.gov. This press release does not constitute an offer to
sell or a solicitation of an offer to buy the securities described
herein, nor will there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation, or sale would
be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
The offering will be made only by means of a prospectus. Copies
of the prospectus, when available, may be obtained by contacting:
Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155
Long Island Avenue, Edgewood, NY 11717 (or by email at
barclaysprospectus@broadridge.com or telephone at 1-888-603-5847);
BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte,
NC 28255-0001, Attn: Prospectus Department, or by e-mail to
dg.prospectus_requests@bofa.com; or Morgan Stanley & Co. LLC,
Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New
York, NY 10014, or by email to: prospectus@morganstanley.com.
The ADSs have not been and will not be registered with the
RNV maintained by the CNBV and may not be, and are not being,
offered or sold publicly in Mexico; the common shares underlying
the ADSs are not being offered in Mexico.
About Vesta
Vesta is a real estate owner, developer and asset manager of
industrial buildings and distribution centers in Mexico. As of
September 30, 2023, Vesta’s portfolio was comprised of 213
buildings in modern industrial parks in 16 states of Mexico,
totaling a gross leasable area of 36.9 million square feet (3.4
million square meters). Vesta has several world-class clients
participating in a variety of industries such as automotive,
aerospace, high-tech, pharmaceuticals, electronics, food and
beverage and packaging.
Note on Forward-Looking Statements
This press release may contain certain forward-looking
statements and information relating to Vesta and its expected
future performance that reflects the current views and/or
expectations of Vesta and its management with respect to its
performance, business and future events. Forward looking statements
include, without limitation, any statement that may predict,
forecast, indicate or imply future results, performance or
achievements, and may contain words like “believe,” “anticipate,”
“expect,” “envisages,” “will likely result,” or any other words or
phrases of similar meaning. Such statements are subject to a number
of risks, uncertainties and assumptions. Some of the factors that
may affect outcomes and results include, but are not limited to:
(i) national, regional and local economic and political climates;
(ii) changes in global financial markets, interest rates and
foreign currency exchange rates; (iii) increased or unanticipated
competition for properties; (iv) risks associated with
acquisitions, dispositions and development of properties; (v) tax
structuring and changes in income tax laws and rates; (vi)
availability of financing and capital, the levels of debt that
Vesta maintains; (vii) environmental uncertainties, including risks
of natural disasters; (viii) risks related to any potential health
crisis and the measures that governments, agencies, law enforcement
and/or health authorities implement to address such crisis; and
(ix) those additional factors discussed in reports filed with the
Bolsa Mexicana de Valores and in the U.S. Securities and Exchange
Commission. These important factors could cause actual results to
differ materially from the plans, objectives, expectations,
estimates and intentions expressed in this presentation and in oral
statements made by authorized officers of the Vesta. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of their dates. Vesta undertakes no
obligation to update or revise any forward-looking statements,
including any financial guidance, whether as a result of new
information, future events or otherwise except as may be required
by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20231207995725/en/
Investor Relations in Mexico: Juan Sottil, CFO
Fernanda Bettinger, IRO investor.relations@vesta.com.mx +52 55
5950-0070 ext.163
In New York: Barbara Cano barbara@inspirgroup.com +1 646
452 2334
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