Ad-Hoc News

New major shareholder – Acquisition Offer for the ACCENTRO Real Estate AG

20.

October 2017

Berlin, 20. October 2017 – ADLER Real Estate AG (ISIN: DE0005008007) today made an agreement about the disposal of a share of about 80 % from the ACCENTRO Real Estate AG (ISIN: DE000A0KFKB3) as well as approximately 92 % of the ACCENTRO Real Estate AG convertible bonds 2014/2019 (ISIN DE000A1YC4S6). This corresponds to a share of 82 % on a fully diluted basis. The buyer is a partnership that is consulted by the Vestigo Capital Advisors LLP, an authorized and regulated company by the Financial Conduct Authority. The purchase price is in total EUR 180 millions. The agreement foresees an advance of the buyer in case of the contract conclusion and – with standard market interest and adequate collateral – the payment of further instalments during the next 13 months. The ADLER Real Estate AG furthermore has the option of disposing another share up to 6 % of the ACCENTRO Real Estate AG for the same price per share to the partnership advised by the Vestigo Capital Advisors. The implementation of the transaction is planned earliest for the end of November. It will be expected that a mandatory bid of the purchases for all shares of the ACCENTRO Real Estate AG is expected based on the German Securities Acquisition and Takeover Act, if the buyer is not publishing a qualifying voluntary public takeover offer for all the shares of the ACCENTRO Real Estate AG.

Identity of the communicating person: Jacopo Mingazzini, chairman

About ACCENTRO Real Estate AG

ACCENTRO Real Estate AG is a residential property investor and Germany’s market leader in housing privatisations. Its real estate portfolio consisted of around 5,200 units as of 31 December 2020. In addition to Berlin, regional focal points include East German cities and conurbations, as well as the Rhine-Ruhr metro region and Bavaria. The business activity of ACCENTRO comprises four core divisions. These are the tenant-sensitive retailing of condominiums to owner-occupiers and private buy-to-let investors, the sale of real estate portfolios to institutional investors, the set-up and management of a proprietary real estate portfolio, and third-party condominium marketing for property asset holders, investors and developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard segment of the Frankfurt Stock Exchange (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de

20.10.2017 / 17:55 CET/CEST / Veröffentlichung einer Insiderinformation gemäß Artikel 17 MAR

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