Peach Property Group (Deutschland) AG / Key word(s): IPO
07.11.2012 07:25
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY OTHER JURISDICTION
WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR
REGULATIONS.
Ad hoc release pursuant to section 15 of the Securities Trading Act (WpHG)
Peach Property Group (Deutschland) AG: offer period extended until
12 November 2012
- Extension due to declared interest by further investors, which Peach
Property Group (Deutschland) AG considers to be strategically
interesting
- Price range remains unchanged at 8.25 Euro to 10.25 Euro
- Commencement of trading scheduled for 14 November 2012 at the Prime
Standard
Cologne, 7 November 2012. Peach Propoerty Group (Deutschland) AG (ISIN
DE000A1RE400), Peach German Properties AG as selling shareholder, and biw
Bank für Wertpapiere und Investments AG as sole lead manager have decided
to extend the offer period, which was originally published in the
prospectus of 29 October 2012 as ending on 7 November 2012, until 12
November 2012.
On the last day of the offer period, i.e. on 12 November 2012, retail
investors will be able to submit offers to purchase shares until 12 noon
(CET), institutional investors, until 3 pm (CET).
During talks concerning the initial public offering, several investors have
communicated concrete interest to Peach Property Group (Deutschland) AG in
subscribing for a significant amount of the shares in Peach Property Group
(Deutschland) AG. As Peach Property Group (Deutschland) AG considers the
involvement of these investors to be strategically interesting for the
company's further development and as these investors require some time for
making their investment decision, the offer period is extended until 12
November 2012. A corresponding supplement no. 1 to the prospectus will be
submitted to the German Federal Financial Supervisory Authority today and
is anticipated to be approved by the German Federal Financial Supervisory
Authority also today. The supplement will be published immediately after
its approval.
The price range of 8.25 Euro to 10.25 Euro remains unaffected. The share
placement price, the final placement volume, and the allocation of the
allotment are anticipated to be announced on 12 November 2012 by way of an
ad hoc announcement. The public offer in Germany and Luxemburg began on 30
October 2012 and was originally scheduled to end on 7 November 2012.
According to the updated timetable, the commencement of trading at the
Prime Standard of the Frankfurt Stock Exchange is now planned to take place
on 14 November 2012.
A total of 3.4 million shares plus an over-allotment (greenshoe) option of
349,999 shares will be publically offered for subscription. The IPO is
expected to generate up to 25.6 million Euro gross cash inflow for the
company. Up to 2.5 million of the shares offered for subscription originate
from a capital increase and up to 0.9 million from a reallocation. The
greenshoe shares are also provided by the current sole shareholder Peach
German Properties AG, a full subsidiary of the SIX Swiss Exchange listed
Peach Property Group AG.
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Information and Explaination of the Issuer to this News:
About Peach Property Group Deutschland
Peach Property Group Deutschland is one of the leading developers of very
high quality residential property in Germany. The company's business
activities range from the development of new construction projects in the
luxury segment to the refurbishment of properties offering significant
potential for value appreciation. As a 'brand innovator', the company works
together with strong brands and partners such as 'yoo inspired by Starck',
creating unique properties. Peach Property Group Deutschland also invests
in high-yielding investment properties in order to generate steady cash
flows in addition to the expected attractive development returns. The
company's projects are based on extensive client knowledge and on a
long-proven development and marketing platform.
Contacts
Investors and analysts:
Bernd Hasse, CEO Peach Property Group (Deutschland) AG
+49 (0)221 29923-0, investors@peachproperty.de
Media:
edicto GmbH
Axel Mühlhaus / Dr. Sönke Knop
+49 (0)69 90 550 5-52
investors@peachproperty.de
Eschersheimer Landstr. 42-44
60322 Frankfurt
Disclaimer
This announcement does not constitute an offer to sell, or the solicitation
of an offer to buy or subscribe for, securities to any person in the United
States, Australia, Canada, Japan or in any jurisdiction in which such offer
or solicitation is subject to legal restrictions. The shares of the company
have not been, and will not be, registered under the U.S. Securities Act of
1933, as amended (the 'Securities Act'), and may not be offered, sold or
transferred in the United States except pursuant to an exemption from the
registration requirements of the Securities Act. The offer and the sale of
the shares of the company have not been, and will not be, registered under
the applicable securities laws of Australia, Canada or Japan. Subject to
certain exceptions, the shares referred to herein may not be offered or
sold in Australia, Canada or Japan or to, for the account or benefit of,
any national, resident or citizen of Australia, Canada or Japan. There will
be no public offering of securities in the United States or anywhere
outside of Germany and Luxembourg.
A public offering in Germany and Luxembourg will be made exclusively by
means of, and on the basis of, an English-language prospectus together with
a German-language translation of the summary. The prospectus is and the
supplement will be published on the website of the company and the
prospectus is and the supplement will be also available in printed form
free of charge from the company (fax: +49 (0)221-29923200) and biw Bank für
Investments und Wertpapiere AG (fax: +49 (0)2156-4920099).
07.11.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Peach Property Group (Deutschland) AG
Im Zollhafen 24
50678 Köln
Germany
Phone: +49 (0)221 29923 0
Fax: +49 (0)221 29923 200
E-mail: investors@peachproperty.de
Internet: www.peachproperty.de
ISIN: DE000A1RE400, DE000A1KQ8K4
WKN: A1RE40, A1KQ8K
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / Designated to be listed
End of Announcement DGAP News-Service
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DGAP-Adhoc: Peach Property Group (Deutschland) AG: offer period extended until 12 November 2012
| Source: EQS Group AG