Peach Property AG logo

PEAN - Peach Property AG News Story

CHF63 0.0  0.0%

Last Trade - 26/10/21

Sector
Financials
Size
Mid Cap
Market Cap £738.7m
Enterprise Value £1.98bn
Revenue £269.5m
Position in Universe 443rd / 1060

BRIEF-Peach Property Group Increases Size of Convertible Bond Offering

Thu 17th June, 2021 6:06am
June 17 (Reuters) - Peach Property Group AG  PEAN.S :
    * SAYS SIZE OF OFFERING HAS BEEN INCREASED FROM PREVIOUSLY
ANNOUNCED CHF 120 MILLION (AS ANNOUNCED ON 11 JUNE 2021) TO CHF
150 MILLION WITH OPTION TO INCREASE NOMINAL AMOUNT TO UP TO CHF
180 MILLION.
    * SAYS INTENDS TO USE NET PROCEEDS OF OFFERING TO FINANCE
RECENT
ACQUISITION OF 4,300 APARTMENTS IN NORTH RHINE-WESTPHALIA AND
BREMEN
    * SAYS AT BASE DEAL SIZE OF CHF 150 MILLION AND AT INITIAL
CONVERSION PRICE, BONDS WILL BE CONVERTIBLE INTO 2,727,272 NEWLY
ISSUED SHARES, REPRESENTING 21.4% OF CURRENT OUTSTANDING SHARE
CAPITAL
    * SAYS SHARES TO BE DELIVERED UPON CONVERSION SHALL BE
SOURCED
FROM CONDITIONAL CAPITAL CREATED AT COMPANY'S GENERAL MEETING OF
27 MAY 2021
    * SAYS FFER PERIOD HAS STARTED ON 11 JUNE 2021 AND IS
EXPECTED TO
END ON 18 JUNE 2021, 12:00 CET

Further company coverage:  PEAN.S 

 (Reporting By Berlin Newsroom)
 ((berlin.newsroom@thomsonreuters.com;))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.