Peach Property AG logo

PEAN - Peach Property AG News Story

CHF60.8 -0.4  -0.7%

Last Trade - 17/01/22

Sector
Financials
Size
Mid Cap
Market Cap £828.6m
Enterprise Value £2.09bn
Revenue £273.8m
Position in Universe 424th / 1057

BRIEF-Peach Property Group To Create New Authorized Capital For Capital Increase

Tue 13th October, 2020 6:24am
Oct 13 (Reuters) - PEACH PROPERTY GROUP AG  PEAN.S :
    * SAID ON MONDAY EGM PASSES RESOLUTIONS SETTING COURSE FOR
FURTHER
GROWTH
    * TO CREATE NEW AUTHORIZED CAPITAL IN NOMINAL AMOUNT OF CHF
3.3
MILLION FOR PLANNED CAPITAL INCREASE
    * NEW SHARES WILL SERVE AS BASIS FOR PLANNED ISSUE OF
MANDATORY
CONVERTIBLE BOND WITH TARGET VOLUME OF CHF 200 MILLION
    * TO USE PROCEEDS FROM MANDATORY CONVERTIBLE BOND TO
CONTINUE ITS
DYNAMIC GROWTH COURSE AND TO FULLY FINANCE RECENTLY ANNOUNCED
PURCHASES OF 10,290 APARTMENTS IN GERMANY
    * ELECTED KLAUS SCHMITZ TO BOARD OF DIRECTORS BOARD WHICH
HAS NOW
EXPANDED TO FIVE MEMBERS
    * KLAUS SCHMITZ SUBSCRIBED TO CHF 150 MILLION OF NEW
MANDATORY
CONVERTIBLE BOND AND WILL BE NEW ANCHOR SHAREHOLDER WITH
INTEREST OF AROUND 30% IN CO

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nPexMC6nCa    
 Further company coverage:  PEAN.S  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))
© Stockopedia 2022, 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.