Eyemaxx Real Estate AG
EYEMAXX Real Estate AG: EYEMAXX announces voluntary offer to swap 2013/2019 bond for 2014/2020 bond
EYEMAXX Real Estate AG / Key word(s): Bond/Miscellaneous Insider information according to Article 17 of the MAR EYEMAXX announces voluntary offer to swap 2013/2019 bond for 2014/2020 bond Aschaffenburg, 21 June 2017 – The Managing Board of EYEMAXX Real Estate AG (General Standard; ISIN DE000A0V9L94) has decided to offer the holders of the 2013/2019 bond (ISIN DE000A1TM2T3) a swap of their certificates for the 2014/2020 bond (ISIN DE000A12T374). This decision has been approved by the company’s Supervisory Board. The 2013/2019 bond runs until 25 March 2019 and has a coupon of 7.875 percent per annum. The 2014/2020 bond runs until 30 March 2020 and carries interest of 8.0 percent per annum. The 1:1 swap – i.e. one 2013/2019 bond for one 2014/2020 bond with a nominal amount of EUR 1,000 each – is limited to a maximum nominal amount of up to EUR 4,999,000 and may be carried out from 22 June 2017 to 12 July 2017 (24:00 hours CEST). Creditors of the 2013/2019 bond who make use of the exchange offer will also receive the accrued broken-period interest for the 2013/2019 bond for the period from 26 March 2017 to 20 July 2017 in the amount of EUR 25.24 per bond. The shares of the 2014/2020 bond delivered as part of the swap carry full interest rights for the interest period from 30 September 2016 to 29 September 2017. Holders of the 2013/2019 bond who accept the exchange offer are therefore obligated to pay the company accrued interest for the 2014/2020 bond for the period from 30 September 2016 to 20 July 2017 in the amount of EUR 64.44 per bond. The banking aspects of the exchange offer are managed and settled by Dero Bank AG, Munich. Contact Investor Relations / Financial Press Information and Explanation of the Issuer to this News: Dr. Michael Müller, CEO of EYEMAXX Real Estate AG, comments: ‘Holders of the 2013/2019 bond, which expires in March 2019, can now secure a highly attractive interest rate for a further year. We offer this opportunity at an early time because we want to complete major projects such as the ‘Postquadrat’ in Mannheim with a volume of more than EUR 170 million by the end of 2019, and by spring 2020 will complete the first section of the Schönefeld project with a total volume of around EUR 170 million, among others. We are therefore adapting our financing structure to our expanded project pipeline.’ About EYEMAXX Real Estate AG EYEMAXX Real Estate AG is a real estate company with a long-standing successful track record focusing on residential properties in Germany and Austria. In addition, EYEMAXX also realises nursing homes in Germany and commercial properties in central Europe. EYEMAXX Real Estate AG’s business activities are based on two pillars. These include its high-margin projects and also the continuing expansion of its portfolio of leased commercial properties which generates ongoing rental income and thus constant cash flows. EYEMAXX uses the expertise held by its experienced management team together with a strong team of real estate professionals and an established, broad network which opens up additional access to attractive properties and projects. This enabled the company to expand its project pipeline to more than EUR 550 million. Shares of EYEMAXX Real Estate AG are listed in the General Standard on Frankfurt Stock Exchange. The company has also issued several bonds which are also listed on the stock exchange. For more information see: www.eyemaxx.com
21-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | EYEMAXX Real Estate AG |
Auhofstraße 25 | |
63741 Aschaffenburg | |
Germany | |
Phone: | +43. 2235. 81 071 -0 |
Fax: | +43. 2235. 81 071 715 |
E-mail: | office@eyemaxx.com |
Internet: | www.eyemaxx.com |
ISIN: | DE000A0V9L94, DE000A1MLWH7, DE000A1TM2T3, DE000A12T374 , |
WKN: | A0V9L9, A1MLWH, A1TM2T, A12T37 |
Listed: | Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange |
End of Announcement | DGAP News Service |