Adler Group

M&A Activity • Dec 1, 2021

Nachricht vom 01.12.2021 | 03:35

Subsidiary sells a c.7% stake in Brack Capital Properties N.V and grants tender commitment for all its remaining shares in BCP until 30 September 2022

Adler Group S.A. / Key word(s): Disposal/Miscellaneous Subsidiary sells a c.7% stake in Brack Capital Properties N.V and grants tender commitment for all its remaining shares in BCP until 30 September 2022

01-Dec-2021 / 03:35 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 a notice pursuant to Article 17 (1) of the Market Abuse Regulation (Regulation (EU) No. 596/2014)

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Subsidiary of ADLER Group, ADLER Real Estate sells a c.7% stake in Brack Capital Properties N.V and grants tender commitment for all its remaining shares in BCP until 30 September 2022

Berlin, 1 December 2021:

Today a subsidiary of ADLER Group S.A. ("ADLER Group"), Adler Real Estate AG ("Adler Real Estate") has sold an approx. 7% stake in Brack Capital Properties N.V. ("BCP") to a subsidiary of LEG IMMOBILIEN SE ("LEG") for a purchase price of EUR 75 million. The purchase price corresponds to the EPRA NAV per share as of September 30, 2021.

In addition, ADLER Real Estate has irrevocably undertaken vis-à-vis LEG to tender its remaining shares as part of a public tender offer by LEG for shares in BCP, provided that the price per share offered is not less than EUR 157.00 (EUR 765 million for the remaining ADLER stake) and that the (first) acceptance period ends no later than 30 September 2022. As consideration, LEG will immediately pay - in addition to the purchase price - a premium of EUR 7.5 million.

01-Dec-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

EUR 7.5 million.
Notifying Person: +49 30 403 907 543	Colleen Yorke, Legal Counsel c.yorke@adler-group.com
	Berlin, 1 December 2021
ADLER Real Estate Aktiengesellschaft Management Board
Archive at www.dgap.de	Financial/Corporate News and Press Releases.
Language: Company:	English Adler Group S.A. 1B Heienhaff 1736 Senningerberg
Phone: Fax: E-mail: Internet: ISIN: WKN:	Luxemburg +352 278 456 710 +352 203 015 00 investorrelations@adler-group.com www.adler-group.com LU1250154413 A14U78

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