Brief: Publity Subscribes PREOS Convertible Bonds

PREOS Global Office Real Estate & Technology AG

11/11/2019 08:22

Nov 11 (Reuters) - PUBLITY AG  PBYG.DE :
    * PUBLITY CONTRIBUTES LOAN RECEIVABLES TO PREOS AS PLANNED
AND
SUBSCRIBES PREOS CONVERTIBLE BONDS WITH A VOLUME OF AROUND EUR
107.8 MILLION
    * RECEIVABLES CONTRIBUTED ARE LOAN RECEIVABLES OF PUBLITY
FROM
PUBLITY INVESTOR GMBH, IN WHICH PREOS HOLDS 94.9 PERCENT OF
SHARES
    * IN RETURN FOR CONTRIBUTION OF ITS ABOUT EUR 113 MILLION
LOAN
RECEIVABLES, PUBLITY SUBSCRIBED TO BONDS OF RECENTLY RESOLVED
CONVERTIBLE BOND 2019/2024 OF PREOS WITH A TOTAL NOMINAL AMOUNT
OF APPROXIMATELY EUR 107.8 MILLION AS PART OF A PRE-PLACEMENT
AGAINST NON-CASH CONTRIBUTIONS
    * CONVERTIBLE BOND 2019/2024 OF PREOS HAS A TOTAL VOLUME OF
UP TO
EUR 300 MILLION
    * PREOS PLANS A PUBLIC OFFERING OF CONVERTIBLE BOND
2019/2024 FROM
19 NOVEMBER TO 4 DECEMBER 2019

Source text for Eikon:  ID:nEQ1v0Lxba 
Further company coverage:  PBYG.DE 

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