Berlin, 12 June 2017 – The Berlin-based company ACCENTRO Real Estate AG (German securities code number WKN: A0KFKB, ISIN: DE000A0KFKB3) adjusted the conversion price and the conversion ratio for its 2014/2019 convertible bond (ISIN DE000A1YC4S6, WKN: A1YC4S). This was announced by Accentro on 12 June 2017.
Both the conversion price and the conversion ratio of the bond were adjusted because of the dividend in the amount of 0.15 euros per unit pursuant to Art. 11, Sec. 4 of the bond terms by the annual general meeting on 15 May 2017. Pursuant to Art. 16 of the bond terms, Accentro Real Estate AG hereby announces that as of 16 May 2017, the adjusted conversion price is 2.4655 euros (previously: 2.50 euros), and that the conversion ratio is therefore 1.0139 (previously: 1).
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
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