GP Investments announces completion of public tender offer for common shares issued by BR Properties 11 May, 2016
11 May

GP Investments announces completion of public tender offer for common shares issued by BR Properties 11 May, 2016

GP INVESTMENTS, LTD., a company headquartered at 129, Front Street, Penthouse, Hamilton HM 12, Bermuda, which Class A shares are traded on BM&FBOVESPA S.A. – Bolsa de Valores, Mercadorias e Futuros as Brazilian Depositary Receipts (“Company”), in fulfilment of the provisions in CVM Instruction No. 358/02 and in connection with the Public Tender Offer for Common Shares Issued by BR Properties S.A. (“BR Properties”), which tender offer notice was published on March 28, 2016 and amended on April 4, 2016 and on April 26, 2016, with GP Real Properties II C, LLC as offeror (“Offeror” and “Tender Offer”, respectively), hereby informs the public that:

  1. the Offer was successfully completed and the Offeror acquired, in the auction of the Offer held on this date, 172,407,104 (one hundred seventy two million, four hundred and seven thousand, one hundred and four) common shares issued by BR Properties, representing 57.81% of its share capital. Such shares were acquired at the price of R$11.00 (eleven reais), for a total price of R$1,896,478,144.00 (one billion, eight hundred ninety six million, four hundred seventy eight thousand, one hundred forty four reais);
  2. the Offeror holds a total of 208,759,904 (two hundred and eight million, seven hundred fifty nine thousand, nine hundred and four) common shares issued by BR Properties, representing 70% of its share capital.
    the Offer will be settled on May 16, 2016.
  3. BR Properties is one of the main commercial real estate investment companies in Brazil, with a shareholders’ equity of, approximately, R$4,811 million on March 31, 2016. BR Properties is focused on acquiring, leasing, managing, developing and selling commercial properties, including office space, industrial warehouses and retail locations, located in the main metropolitan areas of Brazil.