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Noratis AG: Portfolio developer of residential properties places shares at EUR 18.75 each

DGAP-News: Noratis AG / Key word(s): IPO/Capital Increase Noratis AG: Portfolio developer of residential properties places shares at EUR 18.75 each 27.06.2017 / 22:31 The issuer is solely responsible for the content of this announcement. NOT FOR DISTRIBUTION, TRANSLATION OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN FULL OR IN PART IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR OTHER COUNTRIES WHERE THE DISTRIBUTION OF THIS COMMUNICATION IS UNLAWFUL. Noratis AG: Portfolio developer of residential properties places shares at EUR 18.75 each - Placement of 920,000 of 2,000,000 offered new shares with investors

- Gross proceeds of EUR 17.25 million to be used to realize growth opportunities for residential properties with development potential on the outskirts of urban areas

Eschborn, June 27, 2017 - Noratis AG (www.noratis.de), a dynamically growing portfolio developer of residential real estate ("Noratis"), set today the placement price for shares offered as part of its IPO at EUR 18.75 per share. In total, 920,000 of the offered 2,000,000 new shares were placed with investors. A corresponding capital increase was decided today by the company. Gross proceeds are EUR 17.25 million. Free float is 31.5% (excl. greenshoe option).


Igor Christian Bugarski, CEO of Noratis AG, explains, "Our move to the stock market is of great strategic importance for the further development of the company. Direct access to the capital market gives us additional financial leeway to make effective use of the numerous market opportunities over the coming years. We also want to increase awareness of our attractive business model by raising public attention. Even if not all offered shares could be placed, the generated revenues will enable us to pursue our further growth. With the proceeds, we can gradually expand our real estate portfolio in the coming months."