Frankfurt/Main, 27 November 2020 – publity AG (Scale, ISIN DE0006972508, “publity”) is offering up to 14 million shares of its subsidiary PREOS Global Office Real Estate & Technology AG in a public offering in Germany and Austria. The replacement is being made against the background of publity’s intention to reduce its stake in PREOS to a target of 25.01 percent by 2023, as announced on 7 August 2020.
The purchase price for the PREOS shares offered from the publity portfolio is based on the market price of the PREOS share. The applicable reference price is in principle the XETRA closing price on the last Friday before publity AG receives an investor’s purchase application. Interested investors wishing to purchase PREOS shares as part of the public offering commit themselves to holding the shares for a period of twelve months (lock-up); compliance with the lock-up is ensured by a corresponding blocking note in the securities account. For this purpose, investors are granted a discount of 15 percent on the respective stock market price. The initial purchase price per PREOS share is thus EUR 8.67 (85 percent of the XETRA closing price of the PREOS share on 20 November 2020). The offer period ends on 25 November 2021.
The securities prospectus applicable to the public offering was published on 27 November 2020 on publity AG’s website (www.publity.de) in the “Investor Relations” section. In this context, the information listed below under “Disclaimer” must be observed. In addition to the public offering, the PREOS shares are to be offered for sale to selected investors in Germany and other selected jurisdictions as part of an international private placement.
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publity AG (“publity”) is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse
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 shares or other securities. The offer is based exclusively on the securities prospectus approved by the German Federal Financial Supervisory Authority (BaFin) on 26 November 2020 and published on the website of publity AG (www.publity.de) in the “Investor Relations” section. Only the securities prospectus contains the information for investors required by law.
Investors are recommended to read the securities prospectus, which has been examined by the German Federal Financial Supervisory Authority (BaFin) for completeness, consistency and comprehensibility, as published since 27 November 2020 on the website of publity AG (www.publity.de) under section “Investor Relations” before deciding to buy or sell shares in PREOS Global Office Real Estate & Technology AG, in order to fully understand the potential risks and opportunities of the investment decision. An investment decision should only be made on the basis of all available information about the Company after consultation with own lawyers, tax and/or financial advisors. It should be noted that approval of the Prospectus by BaFin is not to be construed as an endorsement of the relevant securities.
A public offer of the securities mentioned in this publication is being made exclusively on the basis of and in accordance with the securities prospectus and only in the Federal Republic of Germany and the Republic of Austria. In particular, neither a public offering nor a solicitation of an offer to purchase securities in the United States of America, Japan, Canada, New Zealand or Australia will be made.
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.
This publication may contain future-oriented statements. Future-oriented statements are all statements that do not refer to historical facts or events. This applies in particular to statements about the intentions, beliefs or current expectations of the Company with respect to its future financial performance, plans, liquidity, prospects, growth, strategy and profitability as well as the economic environment in which the company operates. The future-oriented statements are based on current estimates and assumptions made by the company to the best of its knowledge. However, such forward-looking statements are subject to risks and uncertainties because they relate to future events and are based on assumptions that may not occur in the future. The company is not obliged to update or modify the future-oriented statements contained in this publication to reflect events or circumstances occurring after the date of this publication, unless they contain insider information subject to publication requirements.
Replacement of shares of PREOS Global Office Real Estate & Technology AG in scope of public offering