Brief: Deutsche Konsum REIT Resolves On Capital Increase

Deutsche Konsum Real Estate AG

14/05/2020 16:42

May 14 (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 UP TO EUR 3,195,994.00 TO UP TO EUR
35,155,938.00
    * EACH SHARE WITH A NOTIONAL VALUE OF EUR 1.00 OF COMPANY'S
SHARE
CAPITAL
    * CURRENTLY NEGOTIATING ACQUISITION OF NEW PROPERTIES WITH A
TOTAL
VALUE SLIGHTLY ABOVE EUR 100 MILLION AT APPROXIMATELY AN 11X
MULTIPLE OF (NET) RENT
    * NEW SHARES CARRY FULL DIVIDEND RIGHTS FOR FISCAL YEAR
2019/2020
BEGINNING ON 1 OCTOBER 2019
    * NET ISSUE PROCEEDS TO BE USED TO STRENGTHEN COMPANY'S
EQUITY
BASE AND TO FINANCE FURTHER ACQUISITIONS

Source text for Eikon:  ID:nEQ7yrcxza 
Further company coverage:  DKG.DE 

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