Deutsche Konsum REIT-AG / Key word(s): Capital Increase
Publication of an Insider Information Pursuant to Article 17 MAR
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, INDIRECTLY OR DIRECTLY, IN THE USA, CANADA, JAPAN OR AUSTRALIA OR OTHER COUNTRIES IN WHICH SUCH A PUBLICATION MAY BE ILLEGAL.
Deutsche Konsum REIT-AG Resolves on Capital Increase from Authorized Capital
Broderstorf, November 21, 2018 - With the approval of the Supervisory Board, the Management Board of Deutsche Konsum REIT-AG (WKN: A14KRD3, ISIN: DE000A14KRD3, ticker: DKG) (the "Company") has resolved to increase the Company's share capital by up to approx. 10%. Pursuant to Section 186 (3) (4) of the German Stock Corporation Act (AktG), the shareholders' subscription rights are excluded. The capital increase shall be effected against cash contribution and with partial utilization of the existing authorized capital pursuant to Section 4 (3) of the articles of association. The Company's share capital will be increased from EUR 27,236,313 to up to EUR 29,959,944 through issuing up to 2,723,631 new no-par-value bearer shares with a notional value in the share capital of EUR 1.00 per share. Obotritia Capital KGaA and Babelsberger Beteiligungs GmbH have committed themselves to subscribe for a total of 600,000 new shares in the context of the capital increase. The new shares will be exclusively offered to institutional investors as part of a private placement by means of an accelerated bookbuilding process, which will commence immediately after this announcement.
The new shares are entitled to dividends in the 2017/2018 financial year beginning on October 1, 2017. The new shares will carry the same rights as the existing shares, meaning they are fully entitled to the proposed dividend payment of EUR 0.20 per share for the financial year 2017/2018, to be paid out in the calendar year 2019. As announced on Nov 15, 2018, the management board of Deutsche Konsum REIT-AG is forecasting a dividend distribution of around EUR 0.40 per share for the current financial year 2018/2019, which started on October 1, 2018, which shall be paid out in the calendar year 2020.
The new shares shall be admitted to trading on the regulated market of the Frankfurt Stock Exchange, without a prospectus, with simultaneous admission to the sub-segment of the regulated market with additional post-admission obligations (Prime Standard) and on the regulated market of the Berlin Stock Exchange.
The net proceeds from the capital increase shall be used to finance identified acquisition opportunities in order to continue the successful growth in the future.
Berenberg is acting as Sole Global Coordinator and Sole Bookrunner, and together with ODDO BHF as Co-Lead Manager in the transaction. The Company has agreed to a lock-up of 6 months subject to customary exceptions. The first trading day for the new shares is expected to be on 26 November, 2018.
This publication constitutes neither an offer to sell nor a solicitation to buy shares of Deutsche Konsum REIT-AG. No public offer of securities of Deutsche Konsum REIT-AG is being made or intended.
The distribution of this publication may be subject to legal restrictions in certain jurisdictions. Persons who come into possession of this publication are requested to inform themselves about any of such restrictions and comply with them. Non-compliance with such restrictions may constitute an infringement of the securities laws of the respective jurisdiction.
This document is not an offer of securities for sale in the United States. The shares of Deutsche Konsum REIT-AG (the "Shares") have not been registered and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States unless registered under the Securities Act or pursuant to an exemption from such registration. A public offering and/or a registration under the Securities Act are not intended.
This document is only being distributed to and is only directed at persons who (i) are outside the United Kingdom or (ii) are investment professionals falling within Article 19(5) or persons falling within Article 49(2)(a) to (d) of the Financial Services and Markets Act 2000 (Financial Promotion) (all such persons together being referred to as "Relevant Persons"). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Relevant Persons. This announcement is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons.
Deutsche Konsum REIT-AG
Mr. Christian Hellmuth
Tel. 0331 / 74 00 76 - 517
Fax: 0331 / 74 00 76 - 520
|Company:||Deutsche Konsum REIT-AG|
|Phone:||+49 (0)331 740076517|
|Fax:||+49 (0)331 740076520|
|Listed:||Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of Announcement||DGAP News Service|