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ADLER Real Estate AG: Already 90% of convertible bonds placed

ADLER Real Estate AG / Key word(s): Capital Reorganisation

13.12.2013 / 18:34


ADLER Real Estate: Already 90% of convertible bond placed

- Issue of up to 3.0 million convertible bonds

- Subscription offerings for 2.7 million convertible bonds are already existent within the scope of the private placement

- Issue price of EUR 3.75 per note

- Subscription period lasts until 23 December 2013

Hamburg, 13 December 2013. Three days after the beginning of the subscription period it becomes apparent that the convertible bond 2013/2018 of ADLER Real Estate AG, Frankfurt/M., (ISIN DE0005008007) will be placed to a large extent. Within the scope of a private placement, which takes place simultaneously to the rights offer, subscriptions for approx. 2.7 million convertible bonds exist. This is equivalent to 90% of the overall issue of 3,000,000 notes in bearer form. Total volume of the bond amounts to EUR 11.25 million. Issue price of the notes is EUR 3.75 and corresponds to the principal amount and the initial conversion price. The notes shall bear interest at a rate of 6.00% p.a.

Already before the start of the subscription period for a total of 2,000,000 notes in bearer form placement agreements existed with two investors, to whom a corresponding number of subscription rights, conditional to the start of the rights offer, had been transferred by shareholders of the company. Therefore only the remaining 1,000,000 notes in bearer form are offered for subscription as part of the rights offer. For approx. 700,000 of these notes in bearer form further subscription offerings exist, which are however conditionally to the exercise of the subscription right by the entitled parties. The subscription period lasts until 23 December 2013.

The allocation will take place following the end of the subscription period as soon as the final subscription ratio will be determined. The company assumes to achieve a full placement of the 3,000,000 notes in bearer form due to currently not yet recognized exercises of subscription rights by the entitled parties.

Close Brothers Seydler AG, Frankfurt/M., is accompanying the issue as sole bookrunner.

The issue proceeds from the new convertible bond 2013/2018 shall be used for financing ADLER's growth, in particular the further development of residential real estate portfolio in Germany. ADLER has already taken several steps this year to generate new funds for financing the expansion of its property portfolio.

The terms and conditions of the notes can be viewed and downloaded on the company's website www.adler-ag.com.

For inquiries please contact:

Press: german communications dbk ag
Jörg Bretschneider
Alsterufer 34, 20354 Hamburg, Germany
Phone: +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, Germany
Phone: +49-(0)40/32 02 79 10, Fax: +49-(0)40/32 02 79 114
c.hillermann@hillermann-consulting.de

Disclaimer

This document and its contents do not constitute an offer to sell or an invitation to make an offer to purchase or subscribe securities. No public offer of securities of ADLER Real Estate AG is being or will be made outside the Federal Republic of Germany. The public offer in the Federal Republic of Germany will be made exclusively on the basis of the German securities prospect that has been approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) on 6 December 2013 and that is available on the website of the company at www.adler-ag.com. Hard copies of the prospect are available at the company's office, Alstertor 17, 20095 Hamburg.

Securities of ADLER Real Estate AG including the convertible bonds may not be sold or offered for sale within the United States or to or for the account of / in favor of US citizens (as defined in Regulation S under the U.S. Securities Act of 1933 in the current version (the 'Securities Act')) unless they are registered under the regulations of the Securities Act or unless they are subject to an exemption from registration. ADLER Real Estate AG does not intend to register the offer or a part thereof in the United States or to make a public offer of the securities in the United States.

This document may not be distributed within the United States of America, Canada, Australia or Japan. Any breach of these restrictions can constitute a violation of the securities law of these countries.

End of Corporate News


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244800  13.12.2013