Homes & Holiday AG

  • WKN: A2GS5M
  • ISIN: DE000A2GS5M9
  • Land: Deutschland

Nachricht vom 23.06.2020 | 16:04

Homes & Holiday AG ramps up holiday rental and brokerage business on the Balearic Islands and secures financing

DGAP-News: Homes & Holiday AG / Key word(s): Capital Increase
23.06.2020 / 16:04
The issuer is solely responsible for the content of this announcement.

Homes & Holiday AG ramps up holiday rental and brokerage business on the Balearic Islands and secures financing

Munich/Palma de Mallorca, 23 June 2020. With the lifting of travel restrictions and curfews, the business activities of Homes & Holiday AG (ISIN: DE000A2GS5M9), which specialises in holiday properties on the Balearic Islands, are picking up again. At Porta Holiday, bookings of fincas for the period from 22 June onwards are again possible. After the property shops of Porta Mallorquina have been open again with restrictions since 11 May, prospective buyers can now arrange viewing appointments on site.

"Majorca and the entire Balearic Islands are unique in Europe in terms of accessibility, infrastructure, security and climate and are therefore highly attractive for property buyers and tourists. Corona will make holiday homes even more attractive for holidays and investment", says Joachim Semrau, founder and CEO of Homes & Holiday AG. "We are relieved to be able to get started again as one of the leading local estate agents and holiday rentals and expect a decent second half of the year". At, customers can choose the property of their dreams for their dream holiday from around 1,200 accommodations. With its franchise partners, the group is represented with 9 locations on the Balearic Islands.

As announced in the ad-hoc of 18 May 2020, the Management Board has examined capital measures for interim financing until the planned break-even point is reached in 2021. Against the background that the current capital requirement is lower than expected due to the implemented savings measures and that the operating business is picking up again, the Management Board and the majority shareholder of Homes & Holiday have agreed on a flexible capital increase with the approval of the Supervisory Board. Under the terms of the agreement, the majority shareholder has undertaken to subscribe to up to 300,000 new shares at a subscription price of EUR 1.00 (current price EUR 0.32) within the next 12 months if required. Of this amount, a capital increase of 100,000 shares will now be carried out in a first tranche, increasing the share capital to 12,910,612 shares. As a result, the company will receive 100,000 euros (gross). For cost reasons, all new shares will only be included in existing trading on the Munich Stock Exchange (m:access segment) in a uniform process after the last tranche of the flexible capital increase has been implemented.

Homes & Holiday AG // Theresienstraße 21 // 80333 Munich //

Press and image requests:
Ulrike Eschenbecher// Tel. +49 171 753 2610// Tel. +49 89 2060 2138 //

Investor Relations & Financial Press
Fabian Lorenz // Phone +49 221 29 83 15 88 //

About Homes & Holiday AG
The Homes & Holiday AG is based in Munich and and was the first franchise system, together with its subsidiaries Porta Mondial, Porta Mallorquina and Porta Holiday, to specialise in holiday real estate. Within an integrated business model the group offers all services including classic real estate brokerage (Porta Mondial/Porta Mallorquina), holiday rental (Porta Holiday), and property management (via external service providers). Thereby the group concentrates with its locations, on the Balearic Islands, Europe's most attractive real estate markets.

23.06.2020 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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