DGAP-Adhoc 421 0 Kommentare Portfolio developer Noratis AG sets placement price at EUR 18.75 per share

DGAP-Ad-hoc: Noratis AG / Key word(s): IPO/Capital Increase

Portfolio developer Noratis AG sets placement price at EUR 18.75 per share

27-Jun-2017 / 22:30 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.

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Publication of inside information in accordance with Article 17 MAR

Portfolio developer Noratis AG sets placement price at EUR 18.75 per share

Eschborn, June 27, 2017 - Today, the Management Board of Noratis AG, a portfolio developer of residential real estate (ISIN: DE000A2E4MK4, WKN: A2E4MK), with the consent of the Supervisory Board, decided to carry out a capital increase in the amount of EUR 920,000.00 as implementation of the capital increase by up to EUR 2,000,000.00 resolved as part of an IPO by issuing 920,000 new bearer shares with no par value against cash contributions. The placement price was set at EUR 18.75 per share in consultation with ICF BANK AG as the Sole Global Coordinator and Sole Bookrunner.

Furthermore, 80,000 existing shares held by existing shareholders Norlig GmbH and SIA Hansahold have been placed as part of the over-allotment option granted to ICF BANK AG. The shares of the over-allotment option may be repurchased for stabilization purposes during the stabilization period.

Gross issue proceeds including the placed over-allotment option amount to around EUR 18.75 million. The company plans to use the gross proceeds attributable to the company in the amount of approximately EUR 17.25 million primarily to further finance its growth by utilizing real estate purchase opportunities with greater flexibility.

As a result of the capital increase against cash contributions, the share capital of Noratis AG will increase from EUR 2,000,000.00 by EUR 920,000.00 to EUR 2,920,000.00. The capital increase is expected to be registered on June 29, 2017. Free float is about 31.5% (excl. greenshoe option).