publity AG

  • WKN: 697250
  • ISIN: DE0006972508
  • Land: Deutschland

Nachricht vom 06.12.2019 | 14:16

publity AG: publity subsidiary PREOS with significant cash inflow through issue of convertible bond 2019/2024 for rapid portfolio expansion

DGAP-News: publity AG / Key word(s): Miscellaneous
06.12.2019 / 14:16
The issuer is solely responsible for the content of this announcement.

Press Release

publity AG: publity subsidiary PREOS with significant cash inflow through issue of convertible bond 2019/2024 for rapid portfolio expansion

Frankfurt 06/12/2019 - PREOS Real Estate AG, the subsidiary of publity AG (Scale, ISIN DE0006972508), has already placed a volume of approx. 139.4 million Euro as part of the issue of its convertible bond 2019/2024 (including the pre-placement against contribution in kind to publity). Consequently, the company, in which publity holds about 93.15 percent of the shares, has considerable additional funds available for the further rapid expansion of the real estate portfolio. The PREOS portfolio already has an appraised value of over EUR 497 million. Further purchase agreements for properties with a value of EUR 269 million were signed. In this context, publity acts as asset manager for PREOS on the basis of a long-term asset management agreement. The many years of experience, the strong network and the comprehensive publity database with around 9,500 properties should have a positive effect on the further expansion and value development of the real estate portfolio. This allows suitable properties to quickly be identified.

Thomas Olek, CEO of publity, comments: "With the inflow of funds from the convertible bond issue, PREOS has created additional scope to expand its real estate portfolio rapidly and in large volumes - with our support as asset manager and our focus on high-yield properties with a volume of up to around EUR 300 million for each individual property in Germany's top major cities. Thanks to our market database and excellent access to attractive properties, we are ideally positioned for further portfolio growth".

The PREOS convertible bond 2019/2024 (ISIN DE000A254NA6) matures on December 9, 2024 and bears interest at 7.50 percent per annum. Repayment at maturity will be made at 105.0 percent of the nominal amount of EUR 1,000 per bond, unless converted into PREOS shares. A conversion option exists during certain conversion periods in the years 2021 to 2024. The initial conversion ratio is EUR 9.90. The inclusion of the PREOS convertible bond in the Open Market of the Frankfurt Stock Exchange is planned as of 9 December 2019.


This publication does not constitute an offer. In particular, it does not constitute a public offer to sell or an offer or a solicitation of an offer to purchase, purchase or subscribe for any bonds, shares or other securities. publity AG is not the issuer of the securities mentioned in this publication. The securities mentioned in this publication are a product that is not simple and may be difficult to understand.

The information contained in this publication is not directed at, and is not intended for access by, persons located in the United States of America, Japan, Canada, New Zealand, Australia or any jurisdiction in which such publication or disclosure would be contrary to law.

This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements.

Press Contact:

Financial Press and Investor Relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Phone: +49 69 905505-52

About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.

06.12.2019 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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