Exhibit 99.1
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 | | News Release |
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Contact: | | Lauralee Martin | | |
Title: | | Chief Operating and Financial Officer | | |
Phone: | | +1 312 228 2073 | | |
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Contact: | | Gayle Kantro | | |
Title: | | Director of Corporate Communications | | |
Phone: | | +1 312 228 2795 | | |
Jones Lang LaSalle Announces Pricing of Common Stock Offering
CHICAGO, JUNE 10, 2009—Jones Lang LaSalle Incorporated (NYSE: JLL) today announced the pricing of a public offering of 6,500,000 shares of its common stock at a price of $35.00 per share. In connection with the offering, the Company has granted the underwriters a 30-day option to purchase up to 975,000 additional shares of common stock to cover overallotments. Subject to customary conditions, the offering is expected to close on or about June 16, 2009. Merrill Lynch & Co. is serving as book-running manager and BMO Capital Markets, ABN AMRO Incorporated and Barclays Capital are acting as lead managers for the offering.
The Company intends to use the net proceeds from the offering to repay outstanding indebtedness under its unsecured revolving credit facility and for general corporate purposes.
The offering is being conducted as a public offering under the Company’s shelf registration statement filed with the Securities and Exchange Commission. Any offer of securities will be made by means of a prospectus supplement and accompanying prospectus. When available, copies of the final prospectus supplement and accompanying prospectus can be obtained by contacting: Merrill Lynch & Co., Attention: Prospectus Department, 4 World Financial Center, New York, NY 10080.
This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Jones Lang LaSalle
Jones Lang LaSalle (NYSE: JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated real estate and investment management services on a local, regional and global level to owner, occupier and investor clients. Jones Lang LaSalle serves clients in 60 countries from 750 locations worldwide, including 180 corporate offices.
Safe Harbor Statement
Statements in this press release regarding, among other things, the common stock offering may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance, achievements, plans and objectives of Jones Lang LaSalle to be materially different from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include those discussed under “Risk Factors,” “Business,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” “Quantitative and Qualitative Disclosures about Market Risk,” and elsewhere in Jones Lang LaSalle’s Annual Report on Form 10-K for the year ended December 31, 2008 and in other reports filed with the Securities and Exchange Commission. There can be no assurance that future dividends will be declared since the actual declaration of future dividends, and the establishment of record and payment dates, remains subject to final determination by the Company’s Board of Directors. Statements speak only as of the date of this release. Jones Lang LaSalle expressly disclaims any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in Jones Lang LaSalle’s expectations or results, or any change in events.
