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DGAP-Adhoc: Portfolio developer Noratis AG plans IPO

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DGAP-Ad-hoc: Noratis AG / Key word(s): IPO/Letter of Intent
Portfolio developer Noratis AG plans IPO

19-Jun-2017 / 08:49 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 inside information in accordance with Article 17 MAR_

*Portfolio developer Noratis AG plans IPO

- Seeks IPO in the Scale segment of the Frankfurt Stock Exchange*

*- Capital increase of up to 2 million new shares to finance growth;
secondary placement exclusively within the greenshoe option*

*- Price range set at EUR 18.75 to EUR 22.75 per share*

*- Subscription period from June 21, 2017 to June 27, 2017*

*- Sustainable lock-up for existing shareholders*

*Eschborn, June 19, 2017 -* Today, Noratis AG, a portfolio developer of
residential real estate, announced the offer details for its planned IPO in
the Scale segment of the Frankfurt Stock Exchange Open Market. The offer
consists of an initial public offering in the Federal Republic of Germany
and a private placement to qualified investors in certain jurisdictions
outside the Federal Republic of Germany and outside the United States of
America under Regulation S of the U.S. Securities Act of 1933, as amended.
The basis for the offer will be a securities prospectus that will contain
detailed information about the IPO. The approval of the securities
prospectus by the German Federal Financial Supervisory Authority
(Bundesanstalt für Finanzdienstleistungsaufsicht) is scheduled for today,
June 19, 2017.

The offer comprises 2,000,000 newly issued bearer shares with no par value
from a capital increase against cash contributions. The price range has been
set at EUR 18.75 to EUR 22.75 per share. The public offering period starts
on June 21, 2017, and is expected to end on June 27, 2017 (private investors
and natural persons 3:00 pm CEST, institutional investors 5:00 pm CEST). The
company plans to use the expected gross proceeds of up to EUR 45.5 million
to further finance its growth by acquiring residential real estate
portfolios across Germany.

As part of a greenshoe option, up to 200,000 existing shares (10% of the
underlying transaction) from the shareholdings of the existing shareholders
Norlig GmbH of the company founder Oliver C. Smits as well as SIA Hansahold
can also be placed at the offer price. Each of them currently holds 33.33%
of the share capital before the capital increase (2,000,000 shares at EUR
1.00 each). The remaining 33.33% of the existing shares are held by CEO Igor
Christian Bugarski. If the greenshoe option is fully exercised a free float
of 55% (2,200,000 of 4,000,000 shares) will be achieved. The company has
agreed to a lock-up period of six months from the start of trading. For the
ensuing six months, the sale of shares may only be effected with the prior
written consent of the underwriter. The existing shareholders have agreed
not to sell any of their shares for a period of twelve months.

The placement price and the final number of shares placed are expected to be
announced on June 27, 2017. The listing of the shares of Noratis AG is
expected to take place on June 30, 2017. The delivery of the allotted shares
is also scheduled for June 30, 2017. ICF BANK AG acts as sole global
coordinator and sole bookrunner.

_ End of the Ad-hoc announcement _

*Noratis AG* (www.noratis.de [1]) is a dynamically growing portfolio
developer of residential real estate located in Eschborn near Frankfurt. The
company purchases properties with development potential across Germany,
mostly housing estates, employee housing and quarters from the 1950s to
1970s in cities with more than 10,000 inhabitants or on the outskirts of
urban areas. After acquisition, Noratis performs an intensive value
enhancement of the properties and subsequently sells them in block sales or
individually as condominiums. Thereby Noratis offers housing with an
attractive price/performance ratio for tenants with medium and small
incomes. Since only 2014, Noratis has successfully completed 14 projects
with more than 1,300 residential units. The company generated revenues of
EUR 44.6 million in fiscal year 2016 and has grown at an annual average of
63% since 2014.

*Contact Investor Relations:*

cometis AG
Philipp Oksche
Unter den Eichen 7
65195 Wiesbaden
Tel. +49 (0) 611 20 585 5 35
E-mail: oksche@cometis.de

This publication constitutes neither an offer to sell nor a solicitation to
buy or subscribe to securities. Any such offer will be made solely on the
basis of the securities prospectus to be published as approved by the
Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The information
legally required to be provided to investors is contained only in the
securities prospectus. The securities prospectus is expected to be available
free of charge on the internet at the website of the issuer www.noratis.de
and during normal business hours at the issuer, on 19 June 2017.

The information contained herein is not for distribution, directly or
indirectly, in or into the United States of America (including its
territories and possessions of any State of the United States of America or
the District of Columbia) and must not be distributed to U.S. persons (as
defined in Regulation S of the U.S. Securities Act of 1933, as amended
("Securities Act")) or publications with a general circulation in the United
States of America. This publication constitutes neither an offer to sell nor
a solicitation to buy or subscribe to securities in the United States of
America. The securities have not been and will not be registered under the
Securities Act and may not be offered or sold in the United States of
America absent of registration, unless there is an exemption from
registration under the Securities Act. The issuer does not intend to
register any portion of the offering in the United States of America or to
conduct a public offering of the securities in the United States of America.

This publication is only addressed to and directed at persons in member
states of the European Economic Area (other than Germany) who are "qualified
investors" within the meaning of Article 2(1)(e) of the Prospectus Directive
(Directive 2003/71/EC as amended) ("Qualified Investors"). In addition, in
the United Kingdom, this publication is being distributed only to, and is
directed only at, Qualified Investors who (i) are persons who have
professional experience in matters relating to investments falling within
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, as amended (the "Order"), (ii) are high net worth
entities falling within Articles 49(a) to (d) of the Order, or (iii) other
persons to whom it may otherwise lawfully be communicated (all such persons
together being referred to as "relevant persons"). Any investment or
investment activity to which this publication relates is only available to
and will only be engaged in with (i) in the United Kingdom, relevant
persons, and (ii) in any member state of the European Economic Area other
than the United Kingdom, Qualified Investors. Any other persons who receive
this publication in the European Economic Area (other than Germany) should
not rely on or act upon it.

This publication is not an offer of securities for sale in Canada, Japan or

19-Jun-2017 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Noratis AG
Hauptstraße 129
65760 Eschborn
Phone: +49 (0) 69 / 170 77 68 20
E-mail: info@noratis.de
Internet: www.noratis.de
Listed: Open Market (Scale) in Frankfurt
Notierung vorgesehen. / Designated to be listed.

End of Announcement DGAP News Service

583879 19-Jun-2017 CET/CEST

1: http://public-cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=242eb9ac84c8e45a9e9538171d435f31&application_id=583879&site_id=vwd&application_name=news

(END) Dow Jones Newswires

June 19, 2017 02:49 ET ( 06:49 GMT)



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