Noratis AG

Share Issue/Capital Change • Jun 30, 2017

News Details

Corporate | 30 June 2017 10:33

Noratis AG: Portfolio developer of residential properties debuts on the stock exchange

DGAP-News: Noratis AG / Key word(s): IPO

30.06.2017 / 10:33

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

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Noratis AG: Portfolio developer of residential properties debuts on the stock exchange

– Successful listing and inclusion of shares in the Scale segment**

– Use of gross proceeds of EUR 17.25 million to be used to realize growth opportunities for residential properties with development potential on the outskirts of urban areas

Eschborn, June 30, 2017 – Noratis AG (www.noratis.de), a dynamically growing portfolio developer of residential real estate (“Noratis”), has successfully completed its IPO, becoming the second IPO in the newly founded Scale segment. As of today, the shares of Noratis (ISIN: DE000A2E4MK4, WKN: A2E4MK) are being traded in the Frankfurt Stock Exchange Open Market. Trading started on the level of the placement price (EUR 18.75). CEO Igor Christian Bugarski and CFO André Speth rang the bell on the trading floor for the first price.

“After this strategically crucial step for our company, we now need to focus on our operational business. With the proceeds from the IPO we want to continue our growth over the past few years by successively expanding our real estate portfolio and benefiting from increased financial flexibility regarding acquisition opportunities. At the same time, we are planning to distribute about half of the annual net income to our shareholders. As a strongly growing company with a high payout ratio we want to enrich the universe of listed stocks,” explains André Speth.

Igor Christian Bugarski adds, “We continue to see great market and growth potential. Our focus is on properties with development potential, mostly housing estates, employee housing and quarters of the 1950s to the 1970s. There are around 18 million residential units built in these decades. We regularly identify structural and/or commercial value enhancement potentials in these assets. This can be years of maintenance backlog or a high vacancy rate. We address these issues with our development measures. In this way, Noratis preserves and creates housing with an attractive price/performance ratio for medium and small incomes.”

The supporting issuing bank is ICF BANK AG as Sole Global Coordinator and Sole Bookrunner.

Noratis AG ( www.noratis.de) is a dynamically growing portfolio developer of residential real estate located in Eschborn near Frankfurt. The company purchases properties with development potential across Germany, mostly housing estates, employee housing and quarters from the 1950s to 1970s in cities with more than 10,000 inhabitants or on the outskirts of urban areas. After acquisition, Noratis performs an intensive value enhancement of the properties and subsequently sells them in block sales or individually as condominiums. Thereby Noratis offers housing with an attractive price/performance ratio for tenants with medium and small incomes. Since only 2014, Noratis has successfully completed 14 projects with more than 1,300 residential units. The company generated revenues of EUR 44.6 million in fiscal year 2016 and has grown at an annual average of 63% since 2014.

Contact Investor Relations:

cometis AG Philipp Oksche Unter den Eichen 7 65195 Wiesbaden Germany Tel. +49 (0) 611 20 585 5 35 E-mail: oksche@cometis.de

Disclaimer

This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. Any such offer was solely made on the basis of the securities prospectus published as approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The information legally required to be provided to investors is contained only in the securities prospectus. The securities prospectus dated 19 June 2017 is available free of charge on the internet at the website of the issuer www.noratis.de and during normal business hours at the issuer.

The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended (“Securities Act”)) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent of registration, unless there is an exemption from registration under the Securities Act. The issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

This publication is only addressed to and directed at persons in member states of the European Economic Area (other than Germany) who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended) (“Qualified Investors”). In addition, in the United Kingdom, this publication is being distributed only to, and is directed only at, Qualified Investors who (i) are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) are high net worth entities falling within Articles 49(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). Any investment or investment activity to which this publication relates is only available to and will only be engaged in with (i) in the United Kingdom, relevant persons, and (ii) in any member state of the European Economic Area other than the United Kingdom, Qualified Investors. Any other persons who receive this publication in the European Economic Area (other than Germany) should not rely on or act upon it.

This publication is not an offer of securities for sale in Canada, Japan or Australia.

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30.06.2017 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:	Noratis AG
	Hauptstraße 129
	65760 Eschborn
	Germany
Phone:	+49 (0) 69 / 170 77 68 20
E-mail:	info@noratis.de
Internet:	www.noratis.de
ISIN:	DE000A2E4MK4
WKN:	A2E4MK
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange; Open Market (Scale) in Frankfurt

End of News	DGAP News Service