WESTGRUND Aktiengesellschaft / Key word(s): Bond 08.04.2014 20:06 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- WESTGRUND Aktiengesellschaft, Berlin, has offered the complete 19,860,000 bonds to institutional investors for purchase at the subscription price by way of a private placement and a bookbuilding-procedure subject to claw back ("Pre-Placement subject-to-claw-back"). The bonds will be issued on 23 April 2014 and the end of term will be on 22 April 2016. Due to he high demand, the complete 19,860,000 bonds could be fully placed in the context of the private placement and were allocated subject to claw back which means that the bonds subscribed to in the subscription offer will reduce retroactively the number of bonds allocated to the investors in the private placement. The bonds will bear interest at the rate of 5% per annum on their principal amount. The conversion ratio is EUR 3.70 (nominal) to one share. The proceeds of the issue of the bonds shall especially serve the financing of further growth by acquisitions and for general business purposes. Due to this measure the company expects to be in a good position to advance the expansion of its portfolio in 2014 keeping in line with an adequate structure of re-financing. The Company already considers the acquisition of numerous apartment portfolios with several thousand units. IKB Deutsche Industriebank AG and Baader Bank AG serve as Joint Lead Manager for the issuance of the bonds. Moreover, IKB Deutsche Industriebank AG acts as Global Coordinator. Management Board 08.04.2014 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: WESTGRUND Aktiengesellschaft Joachimstalerstrasse 34 10719 Berlin Germany Phone: +49 30 639 619 20 Fax: +49 30 639 619 228 E-mail: krienen@westgrund.de Internet: www.westgrund.de ISIN: DE000A0HN4T3 WKN: A0HN4T Listed: Regulierter Markt in Düsseldorf; Freiverkehr in Berlin, Hamburg, Stuttgart; Frankfurt in Open Market End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: WESTGRUND Aktiengesellschaft: WESTGRUND Aktiengesellschaft places Convertible Bonds 2014/2016 fully
| Source: EQS Group AG