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."
 

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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.

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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
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