Brief: Deutsche Konsum REIT-AG Resolves On Capital Increase

Deutsche Konsum Real Estate AG

20/01/2020 16:47

Jan 20 (Reuters) - DEUTSCHE KONSUM REIT AG  DKG.DE :
    * RESOLVES ON CAPITAL INCREASE FROM AUTHORIZED CAPITAL
    * TO INCREASE SHARE CAPITAL OF COMPANY FROM CURRENTLY EUR
31,959,944.00 BY EUR 995,994.00 TO EUR 32,955,938.00
    * TO ISSUE 995,994 NEW ORDINARY BEARER SHARES
    * WILL PROPOSE A DIVIDEND OF EUR 0.35 PER SHARE
    * PLACEMENT PRICE OF NEW SHARES WILL BE DETERMINED IN
ACCELERATED
BOOKBUILDING PROCESS AND IS EXPECTED TO BE PUBLISHED NO LATER
THAN TOMORROW
    * NET ISSUE PROCEEDS FROM CAPITAL INCREASE SHALL BE USED BY
COMPANY TO STRENGTHEN ITS EQUITY BASE AND TO FINANCE FURTHER
ACQUISITIONS
    * BABELSBERGER BETEILIGUNGS GMBH, A SUBSIDIARY OF OBOTRITIA
CAPITAL KGAA, HAS COMMITTED TO SUBSCRIBE FOR UP TO 230,000 NEW
SHARES
    * REMAINING 765,994 NEW SHARES SHALL BE OFFERED FOR PURCHASE
IN A
PRIVATE PLACEMENT BY WAY OF AN ACCELERATED BOOKBUILDING PROCESS
EXCLUSIVELY TO INSTITUTIONAL INVESTORS

Source text for Eikon:  ID:nEQ865HLla 
Further company coverage:  DKG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))