Vesta Announces Closing of the Over-Allotment Option Granted in the Follow-On Offering
Corporación Inmobiliaria Vesta, S.A.B. de C.V. (“Vesta”) (NYSE: VTMX; BMV: VESTA), a fully-integrated, internally managed real estate company that owns, manages, develops and leases industrial properties in Mexico, today announced that, in connection with its previously completed global offering, the international underwriters have exercised their option to purchase an additional 7,749,200 common shares represented by American Depositary Shares, or ADS, at a price of US$34.62 per ADS in the United States. Each ADS represents 10 common shares of Vesta. 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”).
The additional common shares represented by ADSs sold under the option were sold on the same terms and conditions as the initial common shares represented by ADSs.
The gross proceeds from the additional common shares were approximately US$26.8 million. Vesta intends to use the net proceeds to fund its growth strategy, as described in its prospectus supplement.
