Fibra Inn Announces Increase in the Number of CBFIs Outstanding

MONTERREY, Mexico--(BUSINESS WIRE)-- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV:FINN13, ADR OTC: DFBRY) (“Fibra Inn” or “the Company”), the Mexican real estate investment trust specializing in the hotel industry serving the business traveler with global brands, announced that today 3 million shares outstanding were put into circulation. This represents the shares that were granted to the current Chief Executive Officer, as part of the compensation package for his role in the Initial Public Offering that took place in March 2013. As a result, the number of CBFIs outstanding is now 440,019,542, with a total of 50 million CBFIs in treasury. This operation resulted in a 0.69% dilution to holders of the CBFI.

Upon being placed in circulation, 1,050,000 CBFIs were offered for sale, at a price of Ps. 13.26 each, in order to make the income tax retention charged to the Chief Executive Officer, corresponding to 35% of the operation. The remaining 1,950,000 CBFIs were transferred to the Control Trust; 80% of these CBFIs are in a lock-up.

The compensation agreement between Fibra Inn and the Chief Executive Officer was approved by the Technical Committee on March 1, 2013, at the same meeting that approved Fibra Inn’s Initial Public Offering. For more information regarding this compensation package, please refer to the Company’s IPO Prospectus, under the authorization 153/6487/2013, dated March 11, 2013.

As a result, with regards to the higher-than-normal stock movements for ticker: FINN13 that took place today, the Company would like to mention the following:

a. The operated volume today represents over 1.0% of the total number of CBFI’s outstanding.

b. The market maker operations that took place today were not significant.

c. With the exception of the abovementioned fluctuations, caused by the activities of the Company’s Chief Executive Officer, Oscar Eduardo Calvillo Amaya, any additional CBFI operations correspond to normal market conditions. The Company has no further information to reveal.

About the Company

Fibra Inn is a Mexican trust formed primarily to acquire, develop, operate and rent a broad range of hotel properties in Mexico aimed at the business traveler. The Company has signed franchise, license and brand usage agreements with international hotel brands for the operation of global brands as well as the operation of national brands. Additionally, the Company has development agreements. These hotels enjoy some of the industry’s top loyalty programs. Fibra Inn trades its Real Estate Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange under the ticker symbol “FINN13”; its ADR trades on the OTC market in the U.S. under the ticker symbol “DFBRY”.

For more information, please visit: www.fibrainn.mx

Note on Forward-Looking Statements

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160318005960/en/

In Monterrey, Mexico:
Fibra Inn
Lizette Chang, IRO, 52 1 (81)1778-5926
[email protected]
Twitter: @fibrainn
or
In New York:
i-advize Corporate Communications, Inc.
Maria Barona, 212-406-3691
[email protected]

Source: Fibra Inn

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