Fair Value REIT-AG / Key word(s): Issue of Debt
14.01.2015 15:42
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Fair Value REIT-AG
Leopoldstraße 244
80807 Munich
Germany
WKN: A0MW97
ISIN: DE000A0MW975
Fair Value REIT-AG issues convertible bond 2015/2020 worth EUR 8,460,000.00
Munich, January 14, 2015 - On the basis of the authorisation granted by the
Annual General Meeting of Fair Value REIT-AG on May 27, 2014, the company's
Management Board has today passed a resolution, with Supervisory Board
assent, to issue a convertible bond divided into 8,460 convertible partial
debentures with a nominal value of EUR 1,000.00 each, i.e. an overall
nominal value of EUR 8,460,000.00 and a term of five years. Shareholders'
subscription rights were excluded.
The convertible bonds each offer a right of conversion into no-par value
ordinary bearer shares with a proportionate interest in the share capital
of EUR 2.00 per share and these are subject to interest of 4.5% p.a. The
convertible partial debentures were issued with a nominal value of EUR
1,000.00 each. The initial conversion price is EUR 9.00 per convertible
share, and therefore reflects a premium totalling approx. 31% in relation
to yesterday's closing price of the company's share.
The convertible bonds were completely subscribed for by one investor. The
inclusion of the bond in free market trading (Quotation Board) of the
Frankfurt Stock Exchange is planned for January 19, 2015. The convertible
bond will likely be entered into accounts as of January 19, 2015, following
securitisation.
The funds raised by the convertible bond are to be used for new
investments, particularly for the further expansion of the participation
portfolio of Fair Value REIT-AG as well as for general corporate purposes.
The bond terms and conditions are available from Fair Value REIT-AG,
Leopoldstrasse 244, 80807 Munich from January 19, 2015, and may be viewed
and downloaded online at www.fvreit.de.
The measure was supported by ODDO SEYDLER BANK AG, Frankfurt am Main.
Disclaimer:
This disclosure constitutes neither a sales offer nor a solicitation to
submit a purchase offer or subscribe for securities. No public offer exists
of Fair Value REIT-AG bonds.
The distribution of this disclosure could be subject to legal limitations
in certain jurisdictions. Persons who come into possession of this
disclosure are required to inform themselves of such limitations and adhere
to these. Non-adherence to such limitations can represent an infringement
against the securities laws of the respective jurisdiction.
This disclosure is not intended for distribution in or within the United
States of America, Canada, Australia or Japan or in other jurisdictions in
which an offer or an invitation to submit an offer is subject to legal
limitations. This disclosure does not represent a public offer for
securities in the United States of America. The bonds are not and will not
be registered pursuant to the U.S. Securities Act from 1933 in its
respective applicable version (the "Securities Act") and may only be
offered or sold in the United States of America based on a registration or
an applicable exception from the registration obligation pursuant to the
Securities Act.
< End of the ad hoc notification >
Contact:
Fair Value REIT-AG
Frank Schaich
Tel.: +49 (0) 89-9292815-10
Fax.: +49 (0) 89-9292815-15
E-Mail: schaich@fvreit.de
14.01.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Fair Value REIT-AG
Leopoldstraße 244
80807 München
Germany
Phone: +49 (0)89 9292 815-01
Fax: +49 (0)89 9292 815-15
E-mail: info@fvreit.de
Internet: www.fvreit.de
ISIN: DE000A0MW975
WKN: A0MW97
Indices: RX REIT All Share Index, RX REIT Index
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of Announcement DGAP News-Service
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