Adler Group S.A.: Statement on the loss notification of Consus Real Estate AG pursuant to § 92 (1) AktG

DGAP-News: Adler Group S.A. / Key word(s): Investment/Miscellaneous Adler Group S.A.: Statement on the loss notification of Consus Real Estate AG pursuant to § 92 (1) AktG 17.05.2022 / 07:16 The issuer is solely responsible for the content of this announcement. Adler Group S.A.: Statement on the loss notification of Consus Real Estate AG pursuant to § 92 (1) AktG   Luxembourg, 17 May 2022 ? As a result of the impairment of the goodwill resulting from the acquisition of Consus Real Estate AG ("Consus") in the consolidated financial statements for the 2021 financial year of Adler Group S.A. ("Adler"), it is most likely that Consus will also make impairments of investments and loans to affiliated companies due to increased construction costs and a significant reduction in the expected project development volume. This has led to a loss notification by Consus pursuant to Section 92 par. 1 of the German Stock Corporation Act (AktG), as the company's balance sheet equity (HGB) amounts to less than half of the share capital. Adler is aware of its responsibility as the majority shareholder of Consus ? with a stake of more than 90% ? and will work towards the strengthening and continuation of Consus in the interest of all stakeholders of Adler and Consus. Against this background, Adler is in principle prepared to evaluate measures to strengthen the equity of Consus.   Contact   Investor Relations: P [phone] F [phone] E [e-mail] 17.05.2022 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. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	Adler Group S.A.
	1B Heienhaff
	1736 Senningerberg
	Luxemburg
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.adler-group.com
ISIN:	LU1250154413
WKN:	A14U78
Indices:	SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX
EQS News ID:	1353911

End of News	DGAP News Service

1353911  17.05.2022