Brief: Adler Real Estate To Increase Capital By EUR 35,107,487.00

Adler Real Estate AG

02/10/2020 17:01

Oct 2 (Reuters) - ADLER REAL ESTATE AG  ADLG.DE :
    * TO INCREASE CAPITAL AND TRANSFER ALL OF ITS TREASURY
SHARES TO
ADLER GROUP S.A. IN DEBT-TO-EQUITY SWAP
    * TO EXERCISE AUTHORIZED CAPITAL IN AMOUNT OF EUR
35,107,487.00
AND TO INCREASE ITS SHARE CAPITAL, WHICH IS CURRENTLY REGISTERED
WITH COMMERCIAL REGISTER, FROM EUR 71,063,743.00 TO EUR
106,171,230.00
    * IT WAS DECIDED TO TRANSFER ADLER'S 1,603,232 TREASURY
SHARES
(APPROX. 2.2% OF SHARE CAPITAL) TO ADLER GROUP S.A. (FORMERLY
ADO PROPERTIES S.A., "ADLER GROUP") AT A PRICE OF EUR 13.62
    * IN RETURN, ADLER GROUP HAS TRANSFERRED TO ADLER A PARTIAL
AMOUNT
OF RECEIVABLE UNDER A SHAREHOLDER LOAN IN AMOUNT OF APPROX. EUR
500 MILLION

Source text for Eikon:  ID:nEQ29yDfta 
Further company coverage:  ADLG.DE 

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