- Stabilisation period after the start of trading on June 30, 2017, ended as planned on July 28, 2017
- 10,000 shares of the greenshoe option exercised
Eschborn, July 31, 2017 – Noratis AG (ISIN: DE000A2E4MK4, WKN: A2E4MK), a dynamically growing portfolio developer of residential real estate (“Noratis”), has been informed by ICF BANK AG, which accompanied the company’s IPO as Sole Global Coordinator and Sole Bookrunner, of the scheduled end of the stabilisation period. It began with the start of trading of Noratis shares in the newly formed Scale Segment on June 30, 2017, and ended on July 28, 2017. The greenshoe option granted by the selling shareholders Norlig GmbH (Chairman of the Supervisory Board Oliver C. Smits) and SIA Hansahold that comprised a total of 80,000 shares was exercised in the amount of 10,000 shares. The remaining 70,000 shares have been returned by ICF BANK AG as part of its return delivery obligation. After exercising of the greenshoe option, the free float amounts to 31.85 percent.
“The IPO of Noratis is now also formally concluded. We will use the funds we raised to gradually expand our portfolio of residential properties with development potential in the months to come. We see significant growth opportunities in this area, which we intend to actively take advantage of, due to a high maintenance backlog throughout Germany as well as vacancy and a growing demand for living space,” said Igor Christian Bugarski, CEO of Noratis.
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