DGAP-News: GRAND CITY PROPERTIES S.A.: 80.7% of the Convertible Bond 2012-2017 converted
(firmenpresse) - DGAP-News: Grand City Properties S.A., / Key word(s): Capital
Increase/Bond
GRAND CITY PROPERTIES S.A.: 80.7% of the Convertible Bond 2012-2017
converted
09.08.2013 / 14:53
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- Equity increased through conversion by EUR80.7 million.
Luxemburg / Berlin , 9th August 2013 - Grand City Properties S.A. (the
'Company') has received further conversion notices for bonds representing
EUR15.5 million of the Convertible Bond 2012/2017 (ISIN XS0839410221). The
total bond conversions to date amounts to EUR 80.7 million.
The recent conversions increase the equity of the Company by EUR 15.5
million, and a decrease of debt in the same amount, which aggregates to a
total amount of EUR 80.7 million of all conversions. Due to the recent
conversions, 3,875,000 new shares were issued by the Company, accumulating
to 20,175,000 of new shares from conversions. The Company's total number of
shares amount to 83,675,000.
As of today, EUR 19,300,000 of the Convertible Bond 2012/2017 remain
outstanding.
About Grand City Properties
Grand City Properties (ISIN: LU0775917882) focuses on investing in
residential property in Germany, especially in large urban high-density
areas. The Company follows primarily a buy and hold strategy. Efficient
management tools enable sustainable and targeted management of real estate.
The company valorize the objects through targeted modernization and runs an
intensive tenant management. The company's portfolio comprises some 16,000
residential units including signed pipeline deals with lettable space in
excess of 1.1 million square metres. In 2012, Grand City Properties has
posted an EBITDA of 122 million euros and a net profit of 93 million euros.
Since May 2012, Grand City Properties is listed on the Frankfurt Stock
Exchange in the stock market segment Entry Standard. Further information:
www.grandcityproperties.com
Press Contact:
Dariusch Manssuri
IR.on AG
T: +49 (0) 221 9140 975
E: dariusch.manssuri(at)ir-on.com
Contact:
Kathrin Behlau
Grand City Properties S.A.
T: +49 (30) 887088183
E: anleihe(at)grandcityproperties.com
www.grandcityproperties.com
Disclaimer
This press release does not constitute an offer to sell or an invitation to
make a bid for the purchase or subscription of bonds of Grand City
Properties S.A. The offer of bonds of Grand City Properties S.A. must be
made exclusively on the basis of the securities prospectus approved by the
Luxembourg Financial Supervisory Authority (CSSF), which has been published
at www.grandcityproperties.com/bond. This press release does not constitute
an offer to sell securities in the United States of America, Canada,
Australia, Japan or other jurisdictions in which an offer is subject to
statutory restrictions. The securities mentioned in this press release may
not be offered or sold in the United States or to US persons (as defined in
Regulation S under the Securities Act of 1933 as amended from time to time
(the 'Securities Act')) unless they have previously been registered or, if
they have not previously been registered, only based on an exceptional
regulation. Subject to certain exceptions pursuant to the Securities Act,
the securities mentioned in this press release may not be offered or sold
in Australia, Canada or Japan or to, or for the account of, Australian,
Canadian or Japanese residents. The offeror the sale of the securities
mentioned in this press release will not be registered in Canada, Australia
and Japan in accordance with the respective legal provisions in these
countries. It is not intended to make a public offer of securities in the
United States.
End of Corporate News
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09.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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Media archive at www.dgap-medientreff.de and www.dgap.de
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225124 09.08.2013
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Datum: 09.08.2013 - 14:53 Uhr
Sprache: Deutsch
News-ID 286404
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