News releases: last year

Shares issued: Class A - 16,790,022 Class B - 3,150,238

 

Halifax, Nova Scotia, January 12, 2009 (TSX: HII.A & HII.B and NYSE Euronext Amsterdam: HII) - Mr. Richard Homburg, Chairman and CEO of Homburg Invest Inc. ("HII" or "Homburg Invest") is pleased to announce that Homburg Invest has entered into a so-called exchange agreement with Equity One Inc. ("Equity One"). Concurrently with the exchange agreement Equity One and Homburg Invest entered into a so-called voting rights transfer agreement.

 

Under the exchange agreement, Homburg Invest will dispose of approximately 2 million ordinary shares of DIM Vastgoed N.V. ("DIM") to Equity One in exchange for shares of common stock of Equity One ("Common Stock"). At initial closing, Homburg Invest will acquire 866,373 shares of Common Stock in exchange for a total of 1,151,276 DIM shares and 86,400 rights to DIM Shares, expected to occur no later than January 14, 2009.  In addition, under the voting rights transfer agreement, Homburg Invest has granted an irrevocable proxy to Equity One with respect to another 766,573 DIM shares that Homburg has the right to acquire on October 1, 2010.  The exchange agreement also provides, subject to certain conditions, that Equity One will acquire these DIM shares from Homburg once Homburg has obtained the DIM shares at the same exchange ratio, being  an aggregate of 536,601 shares of Common Stock.

 

 

Homburg, with its head office in Halifax, Nova Scotia, is an international real estate investment and development company that owns a diversified portfolio of quality real estate, including office, retail, industrial and residential apartment and townhouse properties in Canada, Europe and the United States. The Company also owns land assets for development in Calgary and Edmonton, Alberta; Montreal, Quebec; and Charlottetown, Prince Edward Island. In 2007, Homburg completed significant acquisitions totaling over approximately CAD$ 1.1 billion and as of December 31, 2007 has assets of over CAD$ 3.8 billion with an approximate aggregate of 18.2 million square feet of gross leasable area.

 

 

 

Mr. Richard Homburg,

Chairman and CEO

Homburg Invest Inc.

902-468-3395

 

or

 

Richard Stolle

President and COO

Homburg Invest Inc.

011 31 20 573 3855