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PEAN - Peach Property AG News Story

CHF57.4 1.0  1.8%

Last Trade - 26/01/22

Sector
Financials
Size
Mid Cap
Market Cap £765.6m
Enterprise Value £2.03bn
Revenue £274.5m
Position in Universe 429th / 1056

BRIEF-Peach Property Group: Capital Increase Of CHF 200 Million

Mon 21st September, 2020 6:04am
Sept 21 (Reuters) - Peach Property Group AG  PEAN.S :
    * PTA-ADHOC: PEACH PROPERTY GROUP AG: CAPITAL INCREASE OF
CHF 200
MILLION WITH ARES MANAGEMENT AS NEW ANCHOR SHAREHOLDER
    * PEACH PROPERTY GROUP AG IS PLANNING A CAPITAL INCREASE
WITH A
TARGET VOLUME OF CHF 200 MILLION BY ISSUING A SUBORDINATED
MANDATORY CONVERTIBLE BOND
    * FUND MANAGED BY REAL ESTATE GROUP OF ARES MANAGEMENT
CORPORATION
SUBSCRIBES TO CHF 150 MILLION OF NEW MANDATORY CONVERTIBLE BOND
AND BECOMES A SHAREHOLDER WITH AN INTEREST OF AROUND 30 PERCENT
    * MANDATORY CONVERTIBLE BOND WITH A COUPON OF 2.5 PERCENT
P.A.
WILL OBLIGATORILY CONVERT INTO EQUITY AT A CONVERSION PRICE OF
CHF 42.50 PER SHARE NO LATER THAN 30 JUNE 2021
    * EXTRAORDINARY GENERAL MEETING TO APPROVE AUTHORIZED
CAPITAL OF
CHF 3.3 MILLION TO CREATE SHARES NECESSARY FOR CAPITAL INCREASE

Source text for Eikon:  ID:nPexgWGqQa 
Further company coverage:  PEAN.S 

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