Coreo AG - Share Issue/Capital Change 2018

News Details

Corporate | 17 December 2018 18:09

Coreo successfully places capital increase

DGAP-News: Coreo AG / Key word(s): Capital Increase/Corporate Action

17.12.2018 / 18:09

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

Coreo successfully places capital increase

Capital inflow of EUR 10.5 million
Further expansion of real estate portfolio

Frankfurt am Main – December 17th 2018 – Coreo AG (WKN: A0B9VV, ISIN: DE000A0B9VV6, ticker: CORE) has successfully carried out the cash capital increase approved at the Annual General Meeting held on 19 June 2018. A total of 6,585,880 shares were placed at EUR 1.60 per share. The company will therefore receive above EUR 10.5 million.

When the capital increase is entered in the commercial register, Coreo AG’s share capital will increase by EUR 6,585,880 from its current level of EUR 9,360,000 to EUR 15,945,880.

The company will use the issue proceeds, together with the additional debt capital that it proposes to raise, for further expansion of its real estate portfolio.

CEO Marin Marinov is delighted about the vote of confidence received from the existing shareholders and new investors: “The successful completion of the capital increase means that we will continue the dynamic development of Coreo as planned. I’m confident to make further investments as early as the first quarter of 2019.”

*About Coreo AG

Coreo AG, which has its registered office in Frankfurt am Main, is a dynamically growing real estate company with a focus on German commercial and residential properties. Investments are made in real estate with considerable potential for appreciation thru refurbishment and repositioning, preferred in A and B macro locations. The goal is to build up an efficiently managed, high-yielding real estate portfolio through prudent development and the sale of non-strategic properties.*

Contact:

Coreo AG

Felix Krekel, CIIA

Investor Relations

Grüneburgweg 18

D-60322 Frankfurt a. M.

[email protected]

T: +49 69 219396-0

17.12.2018 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:	Coreo AG
	Grüneburgweg 18
	60322 Frankfurt am Main
	Germany
Phone:	+49 69 2193 96-0
Fax:	+49 69 2193 96-150
E-mail:	[email protected]
Internet:	www.coreo.de
ISIN:	DE000A0B9VV6
WKN:	A0B9VV
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange