DGAP-News: publity AG / Key word(s): Capital Increase/Real Estate
publity AG: publity announces details of capital increase - subscription period from 2 - 16 October 2018

01.10.2018 / 11:03
The issuer is solely responsible for the content of this announcement.


THE INFORMATION INCLUDED IN THIS DOCUMENT IS NOT INTENDED FOR FULL OR PARTIAL PUBLICATION OR DISSEMINATION IN, FROM, OR OUT OF THE UNITED STATES OF AMERICA OR OTHER COUNTRIES WHERE SUCH PUBLICATION OR DISSEMINATION WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LEGAL PROVISIONS IN THE RESPECTIVE COUNTRY.

Press release


publity announces details of capital increase - subscription period from 2 - 16 October 2018

Leipzig/Frankfurt, 1 October 2018 - publity AG (Scale, ISIN DE0006972508) has announced details of its cash capital increase. Shareholders have the opportunity to subscribe for registered no-par value shares in the ration of 8:5 during the subscription period from 2 to 16 October 2018 (both dates inclusive). The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin - German Financial Services Supervisory Authority) has already approved the relevant stock offering prospectus. As resolved by the Ordinary General Meeting on 1 August 2018 a total of up to 3,781,250 new registered shares, each with a nominal interest of EUR 1.00 in the share capital will be issued as part of the capital increase. The subscription price is EUR 10.70 per share. The new shares bear profit participation rights from 1 January 2018 and are expected to be included in the existing listing for shares of publity in the Scale segment of the open market on Frankfurt Stock Exchange from 29 October 2018. No trading in subscription rights is foreseen. However, subscription rights can be transferred according to the provisions of German law.

The shares not subscribed by the company's shareholders as part of subscription rights will be initially offered to shareholders who have exercised their subscription rights (multiple subscription rights option) and then, if any unsubscribed shares remain, to selected investors as part of a private placement, also at an issuing price of EUR 10.70 per new share. publity AG's main shareholder, TO-Holding GmbH has already confirmed that it will subscribe for all of the new shares as part of this capital increase if these are not subscribed by other shareholders. TO-Holding GmbH's sole shareholder is Thomas Olek, a member of publity AG's Managing Board. Both the public offering and also any private placement will be performed exclusively in Germany.

As a result of the transaction, publity AG's share capital will increase by up to EUR 3,781,250 to up to EUR 9,831,250. The funds accruing to the company from the capital increase in the gross amount of up to EUR 40.46 million will be used to reinforce publity's equity and primarily to finance growth. If necessary and/or economically beneficial, part of the proceeds from the issue will also be used for further buy-backs of bonds as part of the convertible bond issued by publity and also to fulfil any repayment commitments in this regard.

The approved stock offering prospectus can be found on publity's Web site www.publity.de in the Investor Relations section. The subscription offer will be published in the German Federal Gazette today, on 1 October 2018.

Press contact:
Financial press and investor relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Tel.: +49 69 905505-52
E-mail: publity@edicto.de

About publity
publity AG is an asset manager specialised in German office real estate. The company provides services spanning the acquisition, development and also the sale of real estate and thus covers a broad value chain. publity has a track record of several hundred successful transactions during which it assisted its clients. The company is characterized by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. What is more, publity is also involved in structuring investment products for institutional and private investors, in particular for closed-end real estate funds. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.

Disclaimer

This publication does not constitute an offer. In particular, it does not constitute a public offer for the sale nor an offer or a request to acquire, purchase or subscribe to bonds or other securities. This offer is governed exclusively by the stock offering prospectus approved by the German Financial Services Supervisory Authority (BaFin) and published on publity AG's Web site on 28 October 2018 and the subscription offer published in the German Federal Gazette on 1 October 2018. Only the approved stock offering prospectus and the subscription offer include the information for investors required according to statutory provisions.

This publication can include forward-looking statements. Forward-looking statements are all statements which do not relate to historical facts or events. This applies in particular to information concerning the company's intentions, convictions or current expectations with regard to its future financial profitability, plans, liquidity, perspectives, growth, strategy and profitability as well as the underlying economic conditions to which the company is exposed. The forward-looking statements are based on the company's current forecasts and estimates made according to its best judgement. Any such forward-looking statements are, however, subject to risks and uncertainties, as they are based on future events and assumptions which may also not occur in future. The company does not undertake to update or amend the forward-looking statements included in this publication, nor to reflect circumstances which occur after the date of this publication to the extent that these do not constitute insider information with a publication requirement.



01.10.2018 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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Language: English
Company: publity AG
Landsteinerstr. 6
04103 Leipzig
Germany
Phone: 0341 26178710
Fax: 0341 2617832
E-mail: info@publity.de
Internet: www.publity.de
ISIN: DE0006972508, DE000A169GM5
WKN: 697250, A169GM
Indices: Scale 30
Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

729035  01.10.2018 

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