Accentro Real Estate AG

Share Issue/Capital Change • May 27, 2014

News Details

Ad-hoc | 27 May 2014 07:31

ESTAVIS AG: ESTAVIS AG Opts for Capital Increase from Authorised Capital

ESTAVIS AG / Key word(s): Capital Increase

27.05.2014 07:31

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Berlin, 26 May 2014 - With the consent of the supervisory board, the
management board of ESTAVIS AG resolved today to raise the company's share
capital by up to EUR 1,138,407 to a total of up to EUR 21,177,238 by way of
a capital increase against non-cash contributions from authorised capital
excluding the shareholders' subscription rights. Within the framework of
the capital increase, up to 1,138,407 new no-par-value bearer shares with a
pro-rata nominal value of EUR 1.00 per share will be issued.

The capital increase became necessary once the acceptance rate concerning
the takeover bid submitted by Adler Real Estate AG to the shareholders of
ESTAVIS AG exceeded 30 percent, thereby effecting a change of control that
entitles holders of convertible bonds issued by ESTAVIS AG to an early
conversion, because the contingent capital associated with the convertible
bonds would not have sufficed if a corresponding number of convertible bond
holders decided to exercise their early conversion option.

The Management Board

• End of communiqué for immediate release -

About ESTAVIS:
Estavis AG is a listed property company focusing on residential properties.
The company buys up selected housing portfolios for the purpose of managing
them long-term. Accentro, a subsidiary of Estavis and the company's second
mainstay, is Germany's market leader in housing privatisations as a
service. Estavis AG is headquartered in Berlin and is listed on the Prime
Standard of the Frankfurt Stock Exchange (German Securities Code Number
[WKN]: A0KFKB).

Contact:
ESTAVIS AG
Investor & Public Relations
Tel.: + 49 30 887 181 799
E-mail: ir@estavis.de

Contact:
ESTAVIS AG - Investor & Public Relations - Tel: + 49 30 887 181 799 -
E-Mail: ir@estavis.de

27.05.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: ESTAVIS AG
Uhlandstr. 165
10719 Berlin
Germany
Phone: +49 (0)30 - 887 181 - 0
Fax: +49 (0)30 - 887 181 - 11
E-mail: info@estavis.de
Internet: http://www.estavis.de
ISIN: DE000A0KFKB3
WKN: A0KFKB
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart

End of Announcement DGAP News-Service

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