Publication of inside information in accordance with Article 17 MAR
Eschborn, 27 June 2017, 10:30 CET/CEST – Today, the Management Board of Noratis AG, a portfolio developer of residential real estate (ISIN: DE000A2E4MK4, WKN: A2E4MK), with the consent of the Supervisory Board, decided to carry out a capital increase in the amount of 920,000.00 Euro as implementation of the capital increase by up to 2,000,000.00 Euro resolved as part of an IPO by issuing 920,000 new bearer shares with no par value against cash contributions. The placement price was set at 18.75 Euro per share in consultation with ICF BANK AG as the Sole Global Coordinator and Sole Bookrunner.
Furthermore, 80,000 existing shares held by existing shareholders Norlig GmbH and SIA Hansahold have been placed as part of the over-allotment option granted to ICF BANK AG. The shares of the over-allotment option may be repurchased for stabilisation purposes during the stabilisation period.
Gross issue proceeds including the placed over-allotment option amount to around 18.75 Euro million. The company plans to use the gross proceeds attributable to the company in the amount of approximately 17.25 million Euro primarily to further finance its growth by utilising real estate purchase opportunities with greater flexibility.
As a result of the capital increase against cash contributions, the share capital of Noratis AG will increase from 2,000,000.00 Euro by 920,000.00 Euro to 2,920,000.00 Euro. The capital increase is expected to be registered on June 29, 2017. Free float is about 31.5 percent (excl. greenshoe option).
The listing of the shares of Noratis AG in the Scale Segment of the Frankfurt Stock Exchange Open Market takes place on June 30, 2017. The delivery of the allotted shares is also scheduled for June 30, 2017.
— End of the ad-hoc announcement —
This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. Any such offer will be made solely on the basis of the securities prospectus to be published as approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). The information legally required to be provided to investors is contained only in the securities prospectus. The securities prospectus is expected to be available free of charge on the internet at the website of the issuer www.noratis.de and during normal business hours at the issuer, on 19 June 2017.
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