Berlin, June 12, 2017 – ACCENTRO Real EstateAG (WKN: A0KFKB, ISIN: DE000A0KFKB3), Berlin, has adjusted the conversion price and conversion ratio for the 2014/2019 convertible bond, ISIN DE000A1YC4S6, WKN A1YC4S. Accentro announced this on June 12, 2017.
The conversion price and conversion ratio of the bond were adjusted in accordance with Section 11(4) of the bond terms and conditions due to the dividend of 0.15 euros per share approved at the Annual General Meeting on May 15, 2017. Pursuant to Section 16 of the bond terms and conditions, Accentro Real Estate AG hereby announces that, effective May 16, 2017, the adjusted conversion price is 2.4655 euros (previously 2.50) and the adjusted conversion ratio is consequently 1.0139 (previously 1).
About ACCENTRO Real Estate AG
ACCENTRO Real Estate AG is a residential real estate investor and the market leader in residential privatization in Germany. As of December 31, 2020, its real estate portfolio comprised approximately 5,200 units. In addition to Berlin, its regional focus includes major cities and metropolitan areas in eastern Germany, as well as the Rhine-Ruhr metropolitan region and Bavaria. ACCENTRO’s business activities encompass four core areas. These include the sale of apartments to owner-occupiers and private investors at market-rate rents, the sale of real estate portfolios to institutional investors, the development and management of its own real estate portfolio, and the marketing of apartments on behalf of property owners, investors, and project developers. The shares of ACCENTRO Real Estate AG are listed on the Prime Standard of the Frankfurt Stock Exchange (WKN: A0KFKB, ISIN: DE000A0KFKB3). investors.accentro.de
Contact for Press and Public Relations
Karl-Philipp Jann
PB3C GmbH
Rankestrasse 17
10789 Berlin
jann@pb3c.com
+49 (0)30 - 72 62 76 1612
Investor Relations Contact:
Thomas Eisenlohr
ACCENTRO Real Estate AG
Kantstraße 44/45
10625 Berlin
Email: eisenlohr@accentro.de
Phone: +49 (0)30 88 71 81 272