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PREOS Global Office Real Estate & Technology
Share Issue/Capital Change • Jan 14, 2019
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Share Issue/Capital Change
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News Details
Ad-hoc | 14 January 2019 16:31
PREOS Real Estate AG plans capital increase / Price per share at least EUR 10.00
PREOS Real Estate AG / Key word(s): Capital Increase
PREOS Real Estate AG plans capital increase / Price per share at least EUR 10.00
14-Jan-2019 / 16:31 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Publication of an insider information according to Article 17 MAR
THE INFORMATION CONTAINED IN THIS DOCUMENT IS NOT FOR PUBLICATION OR DISTRIBUTION, NEITHER IN WHOLE OR IN PART, TO, FROM OR WITHIN THE UNITED STATES OF AMERICA OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISTRIBUTION WOULD BE IN VIOLATION OF THE RELEVANT LAWS OF THE RESPECTIVE COUNTRY.
PREOS Real Estate AG plans capital increase / Price per share at least EUR 10.00
Leipzig, 14 January 2019 – The Management Board of PREOS Real Estate AG (“ PREOS” , ISIN DE000A2LQ850) announces that TO-Holding GmbH and TO Holding 2 GmbH exercise today their contractual right to offer PREOS the contribution of shareholder loans granted by them in the amount of EUR 11 million each in return for the issue of new shares of PREOS. The Executive Board of PREOS intends to accept the offers in accordance with the contractual agreements and subject to the approval of the Supervisory Board and to initiate the necessary steps for the implementation of a capital increase through non-cash contributions under authorised capital to the exclusion of the subscription right of the shareholders.
TO-Holding GmbH and TO Holding 2 GmbH are to be authorised exclusively to subscribe and will be able to extend their share in the capital stock of PREOS in this way. Their sole shareholder is the indirect majority shareholder of PREOS, Thomas Olek.
The number of new shares to be issued for TO-Holding GmbH and TO Holding 2 GmbH is to result in accordance with the contractual agreements from the value of the respective non-cash contribution divided by the share price of the PREOS shares (to be calculated in accordance with specific terms and conditions), whereby this share price is to amount at least to EUR 10.00. Against this backdrop the Management Board expects that the capital increase in the amount of EUR 2.2 million will be carried out by issuing 2.2 million new shares of PREOS.
With the capital increase PREOS wants to strengthen its equity base in view of the further growth of the company and, moreover, reduce its annual interest expenses.
Information and Explanation of the Issuer to this News:
PREOS Real Estate AG
Landsteinerstraße 6
04103 Leipzig
Phone: +49 (0)341 261787-790
Email: [email protected]
Investor & Public Relations
edicto GmbH
Axel Mühlhaus / Hubert Bonn
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone: +49 (0)69 905505-52
Email: [email protected]
Disclaimer
This publication can include forward-looking statements. Forward-looking statements are all statements which do not relate to historical facts or events. This applies in particular to information concerning the company’s intentions, convictions or current expectations with regard to its future financial earning capacity, plans, liquidity, perspectives, growth, strategy and profitability as well as the underlying economic conditions to which the company is exposed. The forward-looking statements are based on the company’s current forecasts and estimates made according to its best judgement. Any such forward-looking statements are, however, subject to risks and uncertainties, as they are based on future events and assumptions which may not occur in the future. The company does not undertake to update or amend the forward-looking statements included in this publication, nor to reflect circumstances which occur after the date of this publication to the extent that these do not constitute insider information with a publication requirement.
14-Jan-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| Language: | English |
| Company: | PREOS Real Estate AG |
| Landsteinerstraße 6 | |
| 04103 Leipzig | |
| Germany | |
| Phone: | 0341 261787790 |
| E-mail: | [email protected] |
| Internet: | www.preos.de |
| ISIN: | DE000A2LQ850 |
| WKN: | A2LQ85 |
| Listed: | Regulated Unofficial Market in Frankfurt, Munich |
| End of Announcement | DGAP News Service |