publity AG: Significant approval from creditors for the convertible bond 2015/2020 in the vote without meeting for all of the motions

Frankfurt am Main, 19 March 2019 - publity AG (Scale, ISIN DE0006972508) is providing information on the results of the noteholders' vote with respect to the convertible bond 2015/2020 (ISIN DE000A169GM5). These votes were passed without holding a meeting, voting took place from Tuesday, 12 March 2019 (0.00 am CET) until Thursday, 14 March 2019 (midnight, CET), with the following results:
 

The required qualified majority of at least 75 percent of the votes was clearly exceeded in all proposed resolutions: A total of around 89 percent of the votes cast (out of approximately 58 percent of the outstanding bonds) in each case approved all proposed resolutions.
 

In detail, the noteholders resolved, with the required majority, to repeal the negative pledge pursuant to section 12 para. 3 lit. (ii) of the bond's terms and conditions, according to which publity AG (apart from certain exceptions) is not allowed to assume financial liabilities (within the meaning of section 13 para. 2 of the bond's terms and conditions) in the amount of more than EUR 5,000,000.00. In addition, the noteholders have resolved that, in the event that publity AG assumes such new financial liabilities, the noteholders shall be entitled to request, in accordance with a specific procedure, an early redemption of their notes plus accrued interest. Furthermore, the noteholders have resolved to confirm and extend the existing mandate of the joint representative and, in particular, to enhance it with the task and power to monitor the proper implementation of the resolutions in the interest of the noteholders and to keep them duly informed about the implementation steps.
 

publity AG welcomes the fact that the proposals it has submitted have been fully approved by the bondholders and that the bondholders have thus given it the opportunity to take up new financial liabilities in compliance with the newly resolved procedure.The review, announced on 28 January 2019, of options for a potential new financing on the debt capital markets is still ongoing.
 

Disclaimer
This publication can include forward-looking statements. Forward-looking statements are all statements which do not relate to historical facts or events. This applies in particular to information concerning the company's intentions, convictions or current expectations with regard to its future financial earning capacity, plans, liquidity, perspectives, growth, strategy and profitability as well as the underlying economic conditions to which the company is exposed. The forward-looking statements are based on the company's current forecasts and estimates made according to its best judgement. Any such forward-looking statements are, however, subject to risks and uncertainties, as they are based on future events and assumptions which may not occur in future. The company does not undertake to update or amend the forward-looking statements included in this publication, nor to reflect circumstances which occur after the date of this publication to the extent that these do not constitute insider information with a publication requirement.

 

Contact:
Financial press and investor relations:
edicto GmbH
Axel Mühlhaus/ Peggy Kropmanns
Tel.: +49 69 905505-52
E-mail: publity@edicto.de

About publity
publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterized by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange.