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Deutsche Konsum REIT-AG
Delisting Announcement • Feb 22, 2021
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Delisting Announcement
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Corporate | 22 February 2021 15:45
Deutsche Konsum REIT: Secondary listing of DKR shares on the Johannesburg Stock Exchange expected on 8 March 2021
DGAP-News: Deutsche Konsum REIT-AG / Key word(s): Regulatory Approval
22.02.2021 / 15:45
The issuer is solely responsible for the content of this announcement.
Press release
Deutsche Konsum REIT: Secondary listing of DKR shares on the Johannesburg Stock Exchange expected on 8 March 2021
Broderstorf, 22 February 2021 – Today Deutsche Konsum REIT-AG (“DKR”) (ISIN DE000A14KRD3) has received the listing approval for a secondary listing of its shares on the Johannesburg Stock Exchange (“JSE”). DKR is thus implementing the secondary listing in South Africa that was announced a year ago.
Attracting further professional investors
With the secondary listing in South Africa, DKR intends to attract additional institutional investors. At the same time, the secondary listing gives South African investors unlimited access to direct investments in a foreign company on the JSE. This is otherwise not possible without limitation due to existing restrictions on South African investments in foreign companies.
Previous roadshows in South Africa have already shown a high level of interest in DKR’s business model from institutional and professional investors. Prior to the expected commencement of trading on 8 March 2021, DKR will conduct a three-day virtual roadshow with local institutional investors.
Furthermore, DKR considers the JSE to be a well-established investment platform for potential future capital raisings to fund the Company’s continued strong growth. Furthermore, DKR expects the liquidity of the share to improve in the foreseeable future due to the secondary listing on the JSE.
DKR German stock exchange pioneer in South Africa
DKR will thus become the first German listed company whose shares are traded on the JSE. To make this possible and to set up the previously non-existent but necessary business processes, DKR worked on the secondary listing for about a year.
The Pre-Listing Statement approved by the JSE is now available on the Company’s website at https://www.deutsche-konsum.de/en/investor-relations/secondary-listing/ .
Rolf Elgeti, CEO of Deutsche Konsum REIT-AG: “We are very pleased that the DKR shares are now the first German company to be traded in South Africa. We are convinced that this opens up a special opportunity for South African investors to invest in a German REIT with a focus on robust and non-cyclical local shopping properties with everyday tenants. At the same time, we believe that we can generate additional financial support in South Africa to continue to grow strongly and profitably in the future.”
About the Company
Deutsche Konsum REIT-AG, headquartered in Broderstorf, is a listed real estate company focusing on retail properties in Germany for goods required for daily use in well-established micro-locations. The focus of the Company’s activities is on the acquisition, management and development of convenience retail properties with the aim of achieving a steady increase in value and the realisation of hidden reserves. DKR’s total portfolio currently comprises 172 retail properties with an annualised rent of approximately EUR 70 million.
Due to its REIT status (‘Real Estate Investment Trust’), the Company is exempt from corporation and trade tax. The shares of the Company are listed on the Prime Standard of the Deutsche Boerse (ISIN: DE 000A14KRD3). Furthermore, the shares are expected to be traded on the JSE (South Africa) by way of a secondary listing from 8 March 2021. Further information on the Company can be found at https://www.deutsche-konsum.de/en/ .
Contact:
Deutsche Konsum REIT-AG
Stefanie Frey
Investor Relations
E-Mail: [email protected]
Phone: +49 (0) 331 74 00 76 – 533
22.02.2021 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Deutsche Konsum REIT-AG |
| August-Bebel-Str. 68 | |
| 14482 Potsdam | |
| Germany | |
| Phone: | +49 (0)331 740076517 |
| Fax: | +49 (0)331 740076520 |
| E-mail: | [email protected] |
| Internet: | www.deutsche-konsum.de |
| ISIN: | DE000A14KRD3 |
| WKN: | A14KRD |
| Listed: | Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1169622 |
| End of News | DGAP News Service |