Eschborn, 07 December 2023 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK), a leading portfolio developer of residential real estate in Germany, has successfully completed its EUR 8 million capital increase. A total of 61.88 % of the shares were acquired under subscription rights. Merz Real Estate GmbH & Co. KG (“Merz”), the main shareholder of Noratis AG, acquired all unsubscribed shares and fully utilized its own subscription rights. A total of 1,927,210 new shares were issued at EUR 4.15 per new share. Following the capital increase, the Company’s share capital amounts to EUR 6,745,237.00, divided into the same number of shares.
The new shares will be included in the existing listing in the Scale segment of the Frankfurt Stock Exchange. As part of the capital measure, Merz acquired 734,566 new shares under the backstop and fixed subscription agreement, thereby increasing its stake in Noratis AG to 59.9 %. The proceeds from the issue will be used to strengthen liquidity and to repay a promissory note loan.
