2014-12-31 13:30:00 CET

2014-12-31 13:30:01 CET


REGULATED INFORMATION

Finnish English
Orava Asuinkiinteistörahasto Oyj - Company Announcement

ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE


Orava Residential Real Estate Investment Trust plc

STOCK EXCHANGE RELEASE 31 DECEMBER 2014 AT 4:30 P.M.



ORAVA RESIDENTIAL REIT ACQUIRES APARTMENTS BY A DIRECTED SHARE ISSUE



Orava Residential Real Estate Investment Trust plc (Orava Residential REIT) has
today signed a binding agreement to acquire Asunto Oy Rovaniemen Rekiretki
16-18 and Rovaniemen Rekiretki 29. The investment properties consist in total
of 80 apartments. Orava Residential REIT will fund the transaction price EUR 4
million by a directed share issue allocated to Royal House Oy. The subscription
price of the new shares is the weighted average price over the five trading
days at NASDAQ Helsinki preceding the signing date of the binding agreement. 



The binding agreement is estimated to have a positive approximately EUR 1
million impact on the company's result for the fourth quarter. 





Pekka Peiponen

CEO



Pekka Peiponen, CEO, telephone +358 (0)10 420 3104



http://www.oravaasuntorahasto.fi/