Today, Corporación Inmobiliaria Vesta, S.A.B. de C.V., with ticker code “VESTA”, completed a successful Global Primary Public Share Subscription Offer, which represents 19.7% of its capital stock and includes an over-allocation.
35.5% of Corporación Inmobiliaria Vesta, S.A.B. de C.V., Global Primary Public Share Subscription Offer was placed on the Mexican Stock Market ("BMV"); and 64.5% on the international markets in accordance with Rule 144A and Regulation S.
44,124,111 shares were offered in Mexico, considering the option of over-allocation, in an amount of $1,191’350,997.00 pesos; whereas 80,150,000 shares were issued on the international markets equivalent to an amount of $2,164’050,000.00 pesos. In total Corporación Inmobiliaria Vesta, S.A.B. de C.V.’s Global Offer amounted to 124,274,111 shares.
The placement price per share was $27.00 pesos giving a total amount placed of $3,355’400,997.00 pesos.
“VESTA´s” offer was distributed among 881 investors.
The lead brokers were Casa de Bolsa Credit Suisse (México), S.A. de C.V., Grupo Financiero Credit Suisse (México) and Casa de Bolsa Santander, S.A. de C.V., Grupo Financiero Santander México.
Corporación Inmobiliaria Vesta, S.A.B. de C.V., plans to use de funds obtained from the Global Offer to develop Visión Vesta 20/20 plan, which consists in 9 projects integrated by the following developments: Toluca Vesta Park II, Tlaxcala Vesta Park I, Lear BTS, BRP Ciudad Juárez, Vesta Park Guanajuato Puerto Interior, Vesta Park San Miguel de Allende, Stant Corporation Guanajuato, Tijuana Vesta Park III, Nissan DSP Fase II; which in turn comprise 42 new buildings.