Baader Bank AG - Share Issue/Capital Change 2017

News Details

Corporate | 28 February 2017 16:59

Baader Bank successfully manages the capital increase of Corestate Capital Holding S.A. as joint bookrunner

DGAP-News: Baader Bank AG / Key word(s): Incoming Orders/Miscellaneous

28.02.2017 / 16:59

The issuer is solely responsible for the content of this announcement.

Baader Bank successfully manages the capital increase of Corestate Capital Holding S.A. as joint bookrunner

Acting as joint bookrunner, Baader Bank successfully executed the capital increase of Corestate Capital Holding S.A. last Thursday.

Within the framework of an accelerated bookbuilding process, 996,318 new shares (representing about 7.9% of the previous capital stock) were placed with institutional investors within a few hours for a price of EUR 22.80 per share. The subscription right of previous shareholders was excluded. In the multiply oversubscribed transaction with an overall volume of EUR 22.7 million, Baader Bank encountered strong interest particularly among investors from Germany, Austria, and Switzerland, as well as the United Kingdom and Scandinavia.

The Luxembourg real estate investment manager and co-investor Corestate Capital Holding S.A. intends to use the issue proceeds for “warehousing”, meaning the temporary acquisition of real estate for the purpose of converting it into investment products for clients.

Contact

Florian E. Schopf

T+49 89 5150 1013

Susanne Stickler

T +49 89 5150 1879

[email protected]

28.02.2017 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.

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Language:	English
Company:	Baader Bank AG
	Weihenstephaner Str. 4
	85716 Unterschleissheim
	Germany
Phone:	+49 89 5150 1013
Fax:	+49 89 5150 29 1880
E-mail:	[email protected]
Internet:	www.baaderbank.de
ISIN:	DE0005088108
WKN:	508810
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange; Open Market in Frankfurt