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, 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 issues Convertible Bonds 2014/2016
| Source: EQS Group AG