Detail
Gateway Real Estate AG and its majority shareholder will offer new and existing shares at a price of EUR 4.00 / Company aims to up-list into the Prime Standard (regulated market) of the Frankfurt Stock Exchange
Gateway Real Estate AG / Key word(s): Capital Increase/Real Estate NOT FOR RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE OR DISTRIBUTION WOULD BE UNLAWFUL.
Frankfurt, March 20, 2019. Today, the Management Board of Gateway Real Estate AG ("the Company) resolved, with the consent of the Supervisory Board, to increase the existing share capital of the Company against cash contributions from authorized capital (the "Capital Increase") by issuing up to 16,978,549 new ordinary bearer shares with no par value, each share with a pro rata amount of the share capital attributable to it of EUR 1.00 and dividend entitlement as of January 1, 2018 (the "New Shares") and to up-list its shares into the Prime Standard (regulated market) of the Frankfurt Stock Exchange (the "Uplisting"). The Company expects to apply for the registration of the implementation of the Capital Increase with the Commercial Register on or about April 10, 2019. Contact Important notice In connection with the Pre-Placement, Credit Suisse Securities (Europe) Limited will act as the stabilization manager (the "Stabilization Manager") and may, as Stabilization Manager, and acting in accordance with legal requirements (Article 5 para. 4 and 5 of the Market Abuse Regulation (EU) No 596/2014 in conjunction with Articles 5 through 8 of the Commission Delegated Regulation (EU) 2016/1052), make over-allotments and take stabilization measures to support the market price of the Company's shares and thereby counteract any selling pressure. The Stabilization Manager is under no obligation to take any stabilization measures. Therefore, stabilization may not necessarily occur and may cease at any time. Such measures may be taken on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) from the date when trading in the shares of the Company is commenced on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and must be terminated no later than 30 calendar days after this date (the "Stabilization Period"). Stabilization transactions aim at supporting the market price of the Company's shares during the Stabilization Period. Therefore, these stabilization measures may result in the market price of the Company's shares being higher than would otherwise have been the case. Moreover, the market price may temporarily be at an unsustainable level. Apart from the subscription offer of the 82,610 New Shares, which are not subject to the Pre-Placement, neither the Company nor any of its shareholders intend to conduct a public offering of shares in the Company. The sole intention is to place shares with qualified investors and fewer than 150 nonqualified investors per EEA member state in the Federal Republic of Germany ("Germany") and certain other jurisdictions and subsequently to have these shares admitted to trading on the regulated market of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) with simultaneous admission to the regulated market with further post-admission obligations on the Frankfurt Stock Exchange (Prime Standard). The admission shall be conducted exclusively by and on the basis of a securities prospectus to be immediately published after its approval by the Federal Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and be available free of charge from the Company, THE SQUAIRE - Zugang N 13, Am Flughafen, 60549 Frankfurt am Main, Germany, or on the website of the Company (www.gateway-re.de) and the website of the Frankfurt Stock Exchange (www.boerse-frankfurt.de). 20-March-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Gateway Real Estate AG |
THE SQUAIRE - Zugang N°13 | |
60549 Frankfurt am Main | |
Germany | |
Phone: | +49 (0) 69 788 088 00 -0 |
Fax: | +49 (0) 69 788 088 00 - 99 |
E-mail: | info@gateway-re.de |
Internet: | www.gateway-re.de |
ISIN: | DE000A0JJTG7 |
WKN: | A0JJTG |
Listed: | Regulated Unofficial Market in Stuttgart |
End of Announcement | DGAP News Service |