DGAP-Adhoc: WESTGRUND Aktiengesellschaft issues Convertible Bonds 2014/2016

| Source: EQS Group AG
WESTGRUND Aktiengesellschaft  / Key word(s): Bond

22.04.2014 19:54

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.


Today, after expiration of the subscription period, the Management Board of
WESTGRUND Aktiengesellschaft, Berlin, has resolved with the approval of the
supervisory board to issue the Convertible Bonds 2014/2016 in the intended
amount of 19,860,000 bonds. Hereof, shareholders who exercised their
subscription right during the subscription period receive 571,368 bonds and
investors who subscribed to bonds during the private placement receive
19,288,632 bonds.
The proceeds of the issuance 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 served as Joint Lead
Manager for the issuance of the bonds. Moreover, IKB Deutsche Industriebank
AG acted as Global Coordinator.

Management Board

22.04.2014 DGAP's Distribution Services include Regulatory Announcements,
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Language:     English
Company:      WESTGRUND Aktiengesellschaft
              Joachimstalerstrasse 34
              10719 Berlin
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