Brief: Publity To Contribute Up To 94.9% Of Publity Investor To Preos Real Estate

PREOS Global Office Real Estate & Technology AG

19/07/2019 12:16

July 19 (Reuters) - PUBLITY AG  PBYG.DE :
    * DECIDES TO CONTRIBUTE UP TO 94.9% OF PUBLITY INVESTOR GMBH
TO
PREOS REAL ESTATE AG BY ISSUING NEW SHARES
    * CONTRIBUTION TO BE MADE SUBJECT TO NON-CASH CAPITAL
INCREASE TO
BE RESOLVED BY THE ANNUAL GENERAL MEETING OF PREOS
    * CASH CAPITAL INCREASE OF PREOS, TO ISSUE UP TO 47.5
MILLION NEW
SHARES AT EUR 8.00 PER SHARE
    * EXCHANGE RATIO SHOULD BE 5: 2, PUBLITY IS TO RECEIVE FIVE
NEW
SHARES IN PREOS FOR EVERY TWO SHARES IN THE INVESTOR
    * EXCHANGE RATIO IS BASED ON AN INVESTOR RATING OF EUR 400
MILLION
    * FOLLOWING EXECUTION OF THE TRANSACTION, PREOS PLANS TO
ISSUE A
CONVERTIBLE BOND OF UP TO EUR 300 MILLION
    * APPROVAL OF PUBLITY'S SUPERVISORY BOARD FOR THE
TRANSACTION IS
CURRENTLY PENDING

Source text for Eikon:  ID:nEQ4pk3rXa 
Further company coverage:  PBYG.DE 

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