DGAP-News: ADLER Real Estate AG: Subscription period for second convertible bond has started
(firmenpresse) - DGAP-News: ADLER Real Estate AG / Key word(s): Capital Reorganisation
ADLER Real Estate AG: Subscription period for second convertible bond
has started
10.12.2013 / 16:49
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ADLER Real Estate AG: Subscription period for second convertible bond has
started
- Issue of up to 1.0 million convertible bonds
- Placement agreements for 2.0 million convertible bonds already
concluded
- Issue price of EUR 3.75 per note
- Financing of investments in residential portfolios
Hamburg, 10 December 2013. The subscription period for the second
convertible bond of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007)
has started. Following the approval of the prospectus required for the
rights offer, investors can subscribe for the company's convertible bond in
the time from 10 December until 23 December 2013. Subject of the rights
offer are 1,000,000 notes in bearer form. With respect to further
altogether 2,000,000 notes in bearer form, placement agreements already
exist with two investors, to whom a corresponding number of subscription
rights, conditional to the start of the rights offer, have been transferred
by shareholders of the company.
Entitled for the 1,000,000 notes in bearer form are shareholders as well as
holders of the 6% convertible bond 2013/2017 with a volume of EUR 10
million. Subscription ratio is 43:6 which means for every 43 shares or
notes in bearer form 2013/2017 six new convertible notes can be purchased.
Every note entitles for conversion into one share, subject to a later
adjustment of the conversion ratio.
The Management Board of ADLER resolved on 25 October 2013 with approval of
the Supervisory Board the issue of a convertible bond with a principal
amount of up to EUR 11.25 million divided into up to 3,000,000 notes in
bearer form. Issue price of the notes is EUR 3.75 and corresponds to the
principal amount and the initial conversion price. The notes shall bear
interest at a rate of 6.00% p.a. Interest shall be payable quarterly and
shall accrue in mid-December 2013. The convertible notes are subordinated
to the 6% convertible notes 2013/2017 (ISIN: DE000A1TNEE3). Close Brothers
Seydler AG, Frankfurt/M., is accompanying the issue as sole bookrunner.
The issue proceeds from the new convertible bond 2013/2018 shall be used
for financing ADLER's growth, in particular the further development of
residential real estate portfolio in Germany. ADLER has already taken
several steps this year to generate new funds for financing the expansion
of its property portfolio. Beside a capital increase, the issue of a
corporate bond and the increase of this bond, ADLER issues a convertible
bond for the second time in 2013. Issue price of the first convertible bond
2013/2017 was EUR 2.00 per note.
The terms and conditions of the notes can be viewed and downloaded on the
company's website www.adler-ag.com.
For inquiries please contact:
Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +49-(0)40/46 88 33 0, Fax: +49-(0)40/47 81 80
presse(at)german-communications.com
Investor Relations: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg, Germany
Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114
c.hillermann(at)hillermann-consulting.de
Disclaimer
This document and its contents do not constitute an offer to sell or an
invitation to make an offer to purchase or subscribe securities. No public
offer of securities of ADLER Real Estate AG is being or will be made
outside the Federal Republic of Germany. The public offer in the Federal
Republic of Germany will be made exclusively on the basis of the German
securities prospect that has been approved by the Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) on 6 December 2013 and that is
available on the website of the company at www.adler-ag.com. Hard copies of
the prospect are available at the company's office, Alstertor 17, 20095
Hamburg.
Securities of ADLER Real Estate AG including the convertible bonds may not
be sold or offered for sale within the United States or to or for the
account of / in favor of US citizens (as defined in Regulation S under the
U.S. Securities Act of 1933 in the current version (the 'Securities Act'))
unless they are registered under the regulations of the Securities Act or
unless they are subject to an exemption from registration. ADLER Real
Estate AG does not intend to register the offer or a part thereof in the
United States or to make a public offer of the securities in the United
States.
This document may not be distributed within the United States of America,
Canada, Australia or Japan. Any breach of these restrictions can constitute
a violation of the securities law of these countries.
End of Corporate News
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10.12.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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: ADLER Real Estate AG
Alstertor 17
20095 Hamburg
Germany
Phone: +49 (0)40 - 29 8130-0
Fax: +49 (0)40 - 29 8130-35
E-mail: info(at)adler-ag.com
Internet: www.adler-ag.com
ISIN: DE0005008007, DE000A1R1A42,
WKN: 500800, A1R1A4
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg
End of News DGAP News-Service
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244131 10.12.2013
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