According to Art.17 of Marktmissbrauchsverordnung (MMVO) a listed company is obliged to publish without undue delay so-called insider information – meaning information which could considerably influence the price of the shares or other securities of the company in case the information became publicly known.

ADLER Real Estate AG: ADLER Real Estate AG resolves to issue a corporate bond

ADLER Real Estate AG  / Key word(s): Issue of Debt

31.03.2015 16:34

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc disclosure pursuant to section 15 WpHG

ADLER Real Estate AG resolves to issue a corporate bond 

  - Placement only with qualified investors outside the United States

  - Coupon to be determined after book-building process

  - Issuance volume of up to EUR300 million

  - Issuance proceeds to be used primarily to finance takeover of WESTGRUND
    AG

Hamburg, 31 March 2015. ADLER Real Estate Aktiengesellschaft ("ADLER Real
Estate", ISIN: DE0005008007 / German Securities Identification Number
(WKN): 500800), Frankfurt am Main, today resolved to issue a corporate bond
with a volume of up to EUR300 million. The Management Board and Supervisory
Board of ADLER Real Estate adopted a corresponding general resolution
today. The bond will only be offered in a private placement and exclusively
with qualified investors outside the United States of America. A public
offer of the corporate bond will not take place.

The new corporate bond from ADLER Real Estate has a maturity of five years.
The coupon of the bond has not yet been set and will be determined by way
of a book-building process. Interest payments will be made semi-annually.
The net issue proceeds will be used primarily to finance the takeover of
WESTGRUND AG, Berlin. Net proceeds not required for funding the takeover
will be used to refinance existing liabilities of ADLER Group.

ADLER Real Estate AG has entered into irrevocable undertakings with
existing shareholders of WESTGRUND AG to tender their shares and has
thereby secured over 50% of the shares in WESTGRUND AG. These irrevocable
undertakings are intended to ensure that these shares are submitted as part
of the offer. The acquisition is to be implemented by way of a voluntary
public takeover offer pursuant to the German Takeover Act (WpÜG).

ODDO SEYDLER BANK AG, Frankfurt am Main, is acting as Sole Global
Coordinator on the transaction and together with ODDO & CIE., Paris, as
Joint Bookrunner.

Disclaimer:

This disclosure constitutes neither an offer to sell nor an invitation to
submit an offer to purchase or subscribe for securities. No public offer of
bonds of ADLER Real Estate Aktiengesellschaft will take place.

The distribution of this disclosure may be subject to legal restrictions in
certain jurisdictions. Persons who come into possession of this disclosure
are required to inform themselves of such restrictions and comply with
them. Non-compliance with such restrictions may constitute an infringement
of the securities laws of the respective jurisdiction.

This disclosure is not intended for distribution in or within the United
States of America, Canada, Australia or Japan or in other jurisdictions in
which an offer or an invitation to submit an offer is subject to legal
restrictions. This disclosure does not constitute a public offer for
securities in the United States. The bond is not and will not be registered
in accordance with the U.S. Securities Act of 1933 as currently amended
(the "Securities Act") and may be offered or sold in the United States of
America only on the basis of a registration or an applicable exemption from
the registration requirement in accordance with the Securities Act.

 

For enquiries, please contact:

PRESS: german communications dbk ag
Jörg Bretschneider
Milchstr. 6 B, 20148 Hamburg
Tel.: +49 (0)40/46 88 33 0, Fax: +49 (0)40/47 81 80
presse@german-communications.com

INVESTOR RELATIONS: Hillermann Consulting
Christian Hillermann
Poststraße 14, 20354 Hamburg
Tel.: +49 (0)40/32 02 79 10, Fax: +49 (0)40/32 02 79 114
c.hillermann@hillermann-consulting.de


31.03.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      ADLER Real Estate AG
              Herriotstr. 5
              60528 Frankfurt am Main
              Germany
Phone:        +49 (0)40 - 29 8130-0
Fax:          +49 (0)40 - 29 8130-99
E-mail:       info@adler-ag.com
Internet:     www.adler-ag.com
ISIN:         DE0005008007, DE000A1R1A42, DE000A11QF02
WKN:          500800, A1R1A4, A11QF0
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Berlin, Dusseldorf, Hamburg
 
End of Announcement                             DGAP News-Service
 
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