DGAP-News: publity AG
/ Key word(s): Bond/Miscellaneous
publity AG: further subscription of partial bonds of the PREOS Real Estate AG convertible bond with a nominal value of EUR 40.0 million.
Frankfurt am Main, 16.10.2020 - publity AG (Scale, ISIN DE0006972508) has subscribed for a further tranche of bonds of the 7.50% convertible bond (ISIN DE000A254NA6) of its subsidiary PREOS Real Estate AG (in future: PREOS Global Office Real Estate & Technology AG, "PREOS", ISIN DE000A2LQ850) with a nominal value of EUR 40.0 million. publity AG thus holds partial debentures of the PREOS convertible bond with a current nominal value of approximately EUR 182.2 million. publity AG holds a 86 % stake in PREOS.
The outstanding volume of the convertible bond now increases to a nominal EUR 219.4 million. Overall, the PREOS convertible bond has a maximum volume of EUR 300 million.
By subscribing to partial bonds of its convertible bond, publity AG provides PREOS with additional financial resources to support its subsidiary in continuing its growth and internationalization strategy.
|Opernturm, Bockenheimer Landstraße 2-4|
|60306 Frankfurt am Main|
|Listed:||Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Hamburg, Stuttgart, Tradegate Exchange|
|EQS News ID:||1141341|
|End of News||DGAP News Service|