Deutsche Industrie REIT-AG: Deutsche Industrie REIT-AG determines the placement price for the new shares
Deutsche Industrie REIT-AG / Key word(s): Capital Increase
Publication of an inside information pursuant to Article 17 MAR
NOT FOR DISTRIBUTION, PUBLICATION OR TRANSMISSION, DIRECTLY OR INDIRECTLY, IN THE USA, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER COUNTRY IN WHICH SUCH PUBLICATION MAY BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. THERE ARE OTHER RESTRICTIONS. PLEASE SEE THE IMPORTANT NOTE AT THE END OF THIS PUBLICATION.
Deutsche Industrie REIT-AG determines the placement price for the new shares
Rostock, 17 June 2020 - Deutsche Industrie REIT-AG (ISIN DE000A2G9LL1 / WKN A2G9LL) ("Company") successfully completed the capital increase from the authorized capital 2020/I that was resolved yesterday. 2,733,563 new ordinary bearer shares with no par value ("New Shares") were placed, following an accelerated bookbuilding with qualified investors in the European Economic Area and certain other jurisdictions, excluding the United States of America pursuant to Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act"), and outside Canada, Australia and Japan at a price of EUR 20.00 per New Share ("Placement Price"). In addition, Babelsberger Beteiligungs GmbH, a subsidiary of Obotritia Capital KGaA, will subscribe for 182,755 New Shares at the Placement Price. After registration of the implementation of the capital increase in with the commercial register, the Company's share capital will thus amount to EUR 32,079,505.00.
The Capital Increase generates gross proceeds of EUR 58,326,360.00 for the Company. The net proceeds from the Capital Increase shall be used by the Company to strengthen its equity base and to finance further acquisitions and acquisition opportunities in order to continue the successful growth course in the future.
Following the private placement, the Company will be subject to a three-months lock-up, i.e. an obligation not to, inter alia, issue further shares or financial instruments convertible into shares or to conduct a further capital increase, subject to customary market conditions and exemptions.
The Company expects the implementation of the Capital Increase to be registered with the Commercial Register of the Local Court of Rostock on 18 June 2020. Admission of the New Shares for trading in the regulated market of the Frankfurt Stock Exchange with simultaneous admission to the sub-segment thereof with additional post-admission obligations (Prime Standard) as well as in the regulated market of the Berlin Stock Exchange is expected to take place without prospectus on 18 June 2020. The New Shares are expected to be included in the existing listings of the Company's shares on 19 June 2020. The delivery of the New Shares is also scheduled for 19 June 2020.
The placement of the New Shares was led by Baader Bank and COMMERZBANK as Joint Global Coordinators and Joint Bookrunners.
This announcement constitutes neither an offer nor a solicitation to purchase or subscribe for securities of the Company.
This announcement is not intended for distribution, directly or indirectly, in or into the United States of America or within the United States of America (including its territories and possessions, any state or District of Columbia) and may not be distributed to U.S. persons (as such term is defined in Regulation S under the Securities Act) or publications with a general circulation in the United States of America. This announcement does not constitute or form part of any offer to sell or the solicitation of an offer to purchase or subscribe for any securities in the United States of America. The New Shares are not and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration under the Securities Act or an exemption from registration under the Securities Act. The Company does not intend to conduct a public offering of New Shares in the United States of America.
The New Shares referred to in this announcement will not be offered or sold in Canada, Australia or Japan, or to or for the account of persons resident in Canada, Australia or Japan. No action has been taken to offer, acquire or distribute the New Shares in any jurisdiction where this is not permitted.
This release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the Company's management and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied. Actual results, results or events could differ materially from those described herein due to factors affecting the Company, including, but not limited to, changes in the general economic environment or competitive situation, capital market risks, foreign exchange rate fluctuations and competition from other companies, and changes in foreign or domestic laws or regulations, including, but not limited to, the tax environment. The Company assumes no obligation to update any forward-looking statements.
Deutsche Industrie REIT-AG
Mr René Bergmann
Chief Financial Officer
Tel. +49 331 740 076 535
|Company:||Deutsche Industrie REIT-AG|
|Phone:||+49 331 740076 5 - 0|
|Fax:||+49 331 / 740 076 520|
|ISIN:||DE000A2G9LL1, DE000A2GS3T9, DE000A2YNQU1|
|WKN:||A2G9LL, A2GS3T, A2YNQU|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard)|
|EQS News ID:||1071699|
|End of Announcement||DGAP News Service|