Brief: Publity Offers Up To 14 Mln Shares Of Its Subsidiary Preos Global Office

Publity AG

27/11/2020 09:04

Nov 27 (Reuters) - PUBLITY AG  PBYG.DE :
    * IS OFFERING UP TO 14 MILLION SHARES OF ITS SUBSIDIARY
PREOS
GLOBAL OFFICE REAL ESTATE & TECHNOLOGY AG IN A PUBLIC OFFERING
IN GERMANY AND AUSTRIA.
    * REPLACEMENT IS BEING MADE AGAINST BACKGROUND OF PUBLITY'S
INTENTION TO REDUCE ITS STAKE IN PREOS TO A TARGET OF 25.01
PERCENT BY 2023, AS ANNOUNCED ON 7 AUGUST 2020
    * OFFER PERIOD ENDS ON 25 NOVEMBER 2021.
    * INITIAL PURCHASE PRICE PER PREOS SHARE IS THUS EUR 8.67
(85
PERCENT OF XETRA CLOSING PRICE OF PREOS SHARE ON 20 NOVEMBER
2020)
    * OFFER PERIOD ENDS ON 25 NOVEMBER 2021

Source text for Eikon:  ID:nEQ3kGJlKa 
Further company coverage:  PBYG.DE 

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