publity AG

Capital/Financing Update • Nov 13, 2015

News Details

Corporate | 13 November 2015 17:01

publity AG: publity issues 20 million Euros convertible bond

DGAP-News: publity AG / Key word(s): Bond/Miscellaneous

2015-11-13 / 17:01

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publity issues 20 million Euros convertible bond

Leipzig, 13 November 2015 – publity AG (Entry Standard, ISIN DE0006972508), an investor and asset management firm specializing in German commercial real estate has raised 20 million Euros in form of a private placement of a 5-year convertible bond with institutional investors.

The bonds have a term of five years and can be converted in up to 425,532 shares of publity AG. The coupon is 3.5% per year; the initial conversion price was issued with a premium of 23.17% above the official reference price as at 9 November 2015. The subscription rights of the shareholders are excluded. The quotation of the convertible bond on the Open Market ( Freiverkehr ) of the Frankfurt exchange is planned for 17 November 2015.

quirinbank AG acted as sole bookrunner in the transaction.

The proceeds from the transaction are planned to be used for co-investments as part of publity’s joint ventures. The inflow of funds from the bonds enables publity to finance the – fully equity-financed – acquisition of German office real-estate in the value of 600 to 700 million Euros from the current transaction pipeline. With that, the company wants to take advantage of the current opportunities in the commercial real estate market and intends to swiftly use the funds for the acquisition of highly profitable office real-estate with high appreciation potential in urban areas in Germany. publity has already expanded its portfolio of attractive commercial real estate assets in the past quarters and manages a real estate portfolio of more than 1 billion Euros. The assets under management will be significantly increased going forward and are planned to reach 1.6 billion Euros by the end of 2015 and 5 billion Euros by the end of 2017.

Press contact:

Financial Press and Investor Relations:

edicto GmbH

Axel Mühlhaus/ Peggy Kropmanns

Telephone: +49 69 905505-52

E-Mail: publity@edicto.de

About publity

publity AG is an asset manager specialising in commercial real estate in Germany. The company covers a wide value chain, from acquisitions to development through the sale of real estate and has a track record of several hundred successful transactions. publity stands out by having a strong network in the real estate sector and in the Work Out departments of financial institutes. It also has excellent access to investment resources and uses a highly efficient process to swiftly handle transactions from proven partners. Occasionally, publity acts as a co-investor in a limited number of joint venture transactions. publity’s shares (ISIN DE0006972508) are traded in the Entry Standard of Frankfurt Stock Exchange.

Disclaimer

This announcement does not constitute or form part of, and should not be construed as, any offer or invitation to sell or issue, or any solicitation of any offered purchase or subscribe for, any securities in publity AG, but serves for information purposes only.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or securities to any person in Australia, Canada, Japan or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein may not be offered or sold in the United States of America (“United States”) and must not be distributed or forwarded to US persons (as defined in Regulation S of the US Securities Act of 1933, as amended (“Securities Act”) or publications with the general circulation in the United States. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of securities in the United States.

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2015-11-13 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.

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