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Deutsche Konsum REIT-AG
Major Shareholding Notification • Dec 5, 2024
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Major Shareholding Notification
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News Details
Corporate | 5 December 2024 16:30
Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG
EQS-News: Deutsche Konsum REIT-AG / Key word(s): Corporate Action
Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG
05.12.2024 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.
Press release
Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG
Potsdam, 04 December 2024 – Through the conversion of a convertible bond, the Versorgungsanstalt des Bundes und der Länder (VBL) has become a major shareholder of Deutsche Konsum REIT-AG.
In 2015, Deutsche Konsum REIT-AG issued two unsecured convertible bonds totaling EUR 37 million maturing in January 2025. Through the partial conversion by VBL, a significant portion of these bonds was redeemed via the issuance of 5,572,704 new shares by Deutsche Konsum REIT-AG. This settlement has a positive impact on the company’s future liquidity and debt level.
The company welcomes the new shareholder and is looking forward to a long-term relationship.
On 26 November 2024, Deutsche Konsum REIT-AG published a range for its Loan-to-Value (LTV) ratio for the 2023/2024 fiscal year (see press release ). The current conversion of the convertible bond is expected to have an additional positive effect on the LTV in the first quarter of the new financial year 2024/2025.
Full year results will be published on 19 December 2024.
About Deutsche Konsum
Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for everyday goods at established micro-locations. The focus of the Company’s activities is on the acquisition, management and development of local supply properties with the aim of continuous performance and the leveraging of hidden reserves.
The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.
Contact:
Deutsche Konsum REIT-AG
Mrs. Mareike Kuliberda
Investor Relations
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel: 0331 / 74 00 76 – 533
Fax: 0331 / 74 00 76 – 599
E-Mail: [email protected]
05.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
| Language: | English |
| Company: | Deutsche Konsum REIT-AG |
| Marlene-Dietrich-Allee 12b | |
| 14482 Potsdam | |
| Germany | |
| Phone: | +49 (0)331 740076512 |
| Fax: | +49 (0)331 740076599 |
| 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, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange |
| EQS News ID: | 2045329 |
| End of News | EQS News Service |