DGAP-Adhoc

ADLER Real Estate AG: The Management and Supervisory Boards will be proposing a capital increase from company funds and the issue of bonus shares at a ratio of 10:1 of existing share capital for approval by the 2017 Annual General Meeting

DGAP-Ad-hoc: ADLER Real Estate AG / Key word(s): Capital Reorganisation ADLER Real Estate AG: The Management and Supervisory Boards will be proposing a capital increase from company funds and the issue of bonus shares at a ratio of 10:1 of existing share capital for approval by the 2017 Annual General Meeting 25-Apr-2017 / 13:57 CET/CEST Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Publication of Insider Information under Article 17 of the Market Abuse Regulation

 

The Management and Supervisory Boards will be proposing a capital increase from company funds and the issue of bonus shares at a ratio of 10:1 of existing share capital for approval by the 2017 Annual General Meeting

Berlin, 24 April 2017: The Management Board and Supervisory Board of ADLER Real Estate AG today jointly decided to propose a capital increase from capital funds and the issue of bonus shares at a ratio of 10:1 of existing share capital pursuant to the Articles of Association for approval by the 2017 Annual General Meeting planned to be held on 7 June 2017. This represents an increase of EUR 4,770,237.00 from EUR 47,702,374.00 to EUR 52,472,611.00. The Management and Supervisory Boards have taken this decision against the backdrop of the company's positive performance in recent financial years and to account for the fact that the company has substantial capital reserves. The issue of bonus shares is intended to enable shareholders to participate in the company's success.

The increase in share capital from company funds at a ratio of 10:1 is based on the company's share capital pursuant to the Articles of Association at the date of the Annual General Meeting. This figure accounts for the issue of shares for subscription upon the exercising of conversion rights in connection with convertible bonds issued by the company up to and including 31 December 2016. To the extent that further subscription shares arise due to the exercising of conversion rights in connection with convertible bonds issued by the company in the period from 1 January 2017 through to the entry of the resolution governing the capital increase from company funds, thus leading to an increase in the company's share capital, the bearers of these subscription shares will also be entitled to new shares from the capital increase in line with their existing share of the company's share capital. Given the higher level of share capital, the subscription ratio will in that case not amount to exactly 10:1 but will rather exceed 10 existing shares per new share.