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PRESS RELEASE: PREOS Real Estate AG: 7.50% convertible bond with placed volume of already EUR 139.4 million

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DGAP-News: PREOS Real Estate AG / Key word(s): Issue of Debt
PREOS Real Estate AG: 7.50% convertible bond with placed volume of already
EUR 139.4 million
2019-12-06 / 12:51
The issuer is solely responsible for the content of this announcement.

*PREOS Real Estate AG: 7.50% convertible bond with placed volume of already
EUR 139.4 million *

*Leipzig, 6 December 2019* - PREOS Real Estate AG ("PREOS", ISIN
DE000A2LQ850) has reached an issue volume of approximately EUR 139.4 million
for its 7.50 percent convertible bond 2019/2024 (ISIN DE000A254NA6). In the
context of the public offering in Germany (including subscription offer and
multiple subscription right option) bonds with a total volume of EUR 8.8
million were subscribed. Furthermore, in the course of the international
private placement to date, a volume of approximately EUR 22.9 million has
been placed with selected qualified investors. Even before the start of the
public offering, bonds with a volume of approximately EUR 107.8 million had
been placed with the majority shareholder of PREOS (publity AG) as part of a
pre-placement against non-cash contributions. The maximum volume of the
convertible bond is EUR 300 million.

The PREOS convertible bond 2019/2024 has a coupon rate of 7.50 percent per
annum. Repayment at maturity, on 9 December 2024, will be made at 105.0
percent of the nominal amount of EUR 1,000 per bond, unless converted into
PREOS shares. The conversion option into PREOS shares exists during certain
conversion periods in the years 2021 to 2024. The initial conversion ratio
is EUR 9.90. The inclusion of the convertible bond in the Open Market of the
Frankfurt Stock Exchange is planned as of 9 December 2019.

Frederik Mehlitz, CEO of PREOS Real Estate AG comments: "We appreciate the
placement result and the investors' confidence in our company. For us, it
means a significant additional inflow of funds for the rapid expansion of
our real estate portfolio. This allows us to flexibly exploit market
opportunities."

*Disclaimer*

This publication does not constitute an offer. In particular, it does not
constitute a public offer to sell or an offer or a solicitation of an offer
to purchase, purchase or subscribe for any bonds, shares or other
securities. The securities mentioned in this publication are a product that
is not simple and may be difficult to understand.

The information contained in this publication is not directed at, and is not
intended for access by, persons located in the United States of America,
Japan, Canada, New Zealand, Australia or any jurisdiction in which such
publication or disclosure would be contrary to law.

The securities mentioned in this publication have not been and will not be
registered under the United States Securities Act of 1933 (the "Securities
Act") or the securities laws of any state of the United States of America
and may not be admitted to trading in or into the United States of America
or into or on behalf of or for the account or benefit of a U.S. person or
entity. The securities may not be offered, offered, sold, pledged,
transferred or delivered (directly or indirectly) to, or for the account or
benefit of, any person (as such term is defined in Regulation S under the
Securities Act) absent registration or an exemption from, or pursuant to an
exemption from, the registration requirements of the Securities Act or a
transaction not subject to the registration requirements of the Securities
Act and in any event in accordance with the securities laws of any state of
the United States.

*About PREOS Real Estate AG*

PREOS Real Estate AG ("PREOS") is an active real estate investor focused on
office properties. PREOS acts as an efficient management holding company.
The acquisition focuses on office properties with development potential in
German metropolitan regions. Value creation is generated by targeted asset
management measures. Developed portfolio properties are sold in the event of
adequate sales opportunities. The corporate strategy is to significantly
expand the real estate portfolio through acquisitions in the coming years.
The PREOS share (ISIN DE000A2LQ850) is listed in the over-the-counter
segment m:access of the Munich Stock Exchange (PAG.MU) and on Xetra
(PAG.DE). The company headquarters of PREOS is located in Leipzig.

*Investor & Public Relations*
edicto GmbH
Axel Mühlhaus
Eschersheimer Landstraße 42
60322 Frankfurt am Main
Phone +49(0) 69/905505-52
Mail: preos@edicto.de

2019-12-06 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: PREOS Real Estate AG
Landsteinerstraße 6
04103 Leipzig
Germany
Phone: 0341 261787790
E-mail: info@preos.de
Internet: www.preos.de
ISIN: DE000A2LQ850
WKN: A2LQ85
Listed: Regulated Unofficial Market in Frankfurt, Munich
EQS News ID: 930537

End of News DGAP News Service

930537 2019-12-06



(END) Dow Jones Newswires

December 06, 2019 06:51 ET ( 11:51 GMT)
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