PREOS Global Office Real Estate & Technology AG
PREOS Real Estate AG: Launch of subscription for 7.5% convertible bond to finance growth
DGAP-News: PREOS Real Estate AG
/ Key word(s): Issue of Debt
THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT INTENDED FOR PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, TO, WITHIN OR FROM THE UNITED STATES OF AMERICA OR ANY OTHER COUNTRY WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE CONTRARY TO THE LAWS OF THAT COUNTRY. – Public offering in Germany presumably until 4.12.2019 – Total issue volume of up to EUR 300 million – Five-year term, repayment at 105.0 % at the end of term – Initial conversion ratio at EUR 9.90 – Issue proceeds to be used for further expansion of real estate portfolio Leipzig, 19 November 2019 – The 7.5% convertible bond 2019/2024 (ISIN DE000A254NA6) of PREOS Real Estate AG (“PREOS”) can be subscribed as of today. The total issue volume of the convertible bond (including the pre-placement) totals up to EUR 300 million. Investors are expected to be able to place subscription orders with a nominal value of EUR 1,000 or more via the “DirectPlace” subscription functionality of Deutsche Börse AG until December 4, 2019, thereby securing fixed interest rates of 7.50 percent per annum for five years. In addition, if they do not exercise their conversion right in PREOS shares, they will receive 105.0 percent of the nominal amount per bond as repayment at maturity. The inclusion of the convertible bond in exchange trading on the Open Market of the Frankfurt Stock Exchange is planned from 9 December 2019. An example of this: For an investment of EUR 1,000, the investor receives EUR 75 interest over five years and a repayment of EUR 1,050 at the end of 2024. However, the investor also has the option of converting his bond into PREOS shares during the conversion periods. For each bond with a nominal value of EUR 1,000, the investor would receive – based on the initial conversion price of EUR 9.90 – 101 PREOS Shares. The PREOS share is currently quoted at EUR 9.05 (closing price Xetra on 18.11.2019). High-yield office real estate portfolio in top German locations German office real estate market with strong performance Further expansion of real estate portfolio planned Subscription Offer for PREOS Shareholders publity has already subscribed bonds worth EUR 107.80 million The relevant securities prospectus for the general public offering and the subscription offer, which has been approved by the German Federal Financial Supervisory Authority (BaFin), can be downloaded from the PREOS website (www.preos.de) under “Investor Relations”. The following notices must also be observed. Disclaimer This publication does not constitute an offer. In particular, it does not constitute a public offer to sell or an offer or a solicitation of an offer to purchase, purchase or subscribe for any bonds, shares or other securities. The offer is governed exclusively by the securities prospectus approved by the Federal Financial Supervisory Authority (BaFin) on 15 November 2019 and published on the website of PREOS Real Estate AG (www.preos.de) in the “Investor Relations” section and the subscription offer published in the Federal Gazette on 18 November 2019. Only the securities prospectus and the subscription offering contain the information for investors required by law. Investors are advised to read the securities prospectus, which has been audited for completeness, coherence and comprehensibility by the German Federal Financial Supervisory Authority (BaFin), as published on the website of PREOS Real Estate AG (www.preos.de) in the “Investor Relations” section before deciding to acquire or dispose of bonds or shares of PREOS Real Estate AG in order to fully understand the potential risks and opportunities of the investment decision, and to make an investment decision only using all available information about the Company after consulting with its own lawyers, tax advisors and/or financial advisers. It should be noted that approval of the Prospectus by BaFin is not to be construed as an endorsement of the relevant securities. The securities mentioned in this publication are a product that is not simple and may be difficult to understand. A public offering of the securities mentioned in this publication will be made exclusively on the basis of and in accordance with the securities prospectus and only in the Federal Republic of Germany. In particular, neither a public offering nor a solicitation of an offer to purchase securities in the United States of America, Japan, Canada, New Zealand or Australia will be made. The securities mentioned in this publication have not been and will not be registered under the United States Securities Act of 1933 (the “Securities Act”) or the securities laws of any state of the United States of America and may not be admitted to trading in or into the United States of America or into or on behalf of or for the account or benefit of a U.S. person or entity.The securities may not be offered, offered, sold, pledged, transferred or delivered (directly or indirectly) to, or for the account or benefit of, any person (as such term is defined in Regulation S under the Securities Act) absent registration or an exemption from, or pursuant to an exemption from, the registration requirements of the Securities Act or a transaction not subject to the registration requirements of the Securities Act and in any event in accordance with the securities laws of any state of the United States. This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements. About PREOS Real Estate AG Investor & Public Relations
19.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | PREOS Real Estate AG |
Landsteinerstraße 6 | |
04103 Leipzig | |
Germany | |
Phone: | 0341 261787790 |
E-mail: | info@preos.de |
Internet: | www.preos.de |
ISIN: | DE000A2LQ850 |
WKN: | A2LQ85 |
Listed: | Regulated Unofficial Market in Frankfurt, Munich |
EQS News ID: | 915879 |
End of News | DGAP News Service |