Berlin, November 20, 2018 – ACCENTRO Real EstateAG (WKN: A0KFKB / ISIN: DE000A0KFKB3) will acquire up to 10,200 of its own shares starting November 23, 2018, in accordance with Section 71(1)(2) of the German Stock Corporation Act (AktG), for the planned issuance of free employee shares. The shares are to be issued to the company’s employees between November 26, 2018, and December 19, 2018, as part of an employee stock ownership program and will thus be acquired for a purpose permitted under Article 5(2)(c) of Regulation (EU) No. 596/2014 of April 16, 2014, on market abuse (“Market Abuse Regulation”). The acquisition of the treasury shares is to be completed no later than December 15, 2018. The share buyback is limited to a maximum total purchase price (excluding incidental acquisition costs) of up to EUR 112,200.00.
The shares will be acquired exclusively through Xetra trading on the Frankfurt Stock Exchange. The repurchase will be conducted under the supervision of a credit institution in accordance with the Market Abuse Regulation and Articles 2 through 4 of Commission Delegated Regulation (EU) 2016/1052 of the Commission of March 8, 2016, supplementing Regulation (EU) No. 596/2014 of the European Parliament and of the Council with technical regulatory standards regarding the conditions applicable to buyback programs and stabilization measures. The credit institution makes its decisions regarding the timing of the acquisition of shares in ACCENTRO Real Estate AG independently and without influence from ACCENTRO Real Estate AG. ACCENTRO Real Estate AG will not exert any influence on the credit institution’s decisions in this regard.
The purchase price per share to be paid by the company (excluding incidental acquisition costs) may not exceed or fall below the market price of the company’s shares by more than 10%. The relevant market price is defined as the volume-weighted average of the closing prices in Xetra trading (or a comparable successor system) on the Frankfurt Stock Exchange over the last five trading days prior to the respective purchase. Furthermore, the purchase price may not exceed the price of the last independently executed trade or, if higher, that of the current highest independent bid on the stock exchange where the respective purchase takes place. No orders may be placed during an auction phase, and orders placed before the start of an auction phase may not be modified during that phase. Furthermore, the credit institution may not acquire, in a single day, more than 25% of the average daily share turnover on the stock exchange where the respective purchase takes place. The average daily share turnover is calculated based on the average daily trading volume over the 20 trading days preceding the purchase date.
Information regarding transactions related to the buyback program will be disclosed in an appropriate manner in accordance with Art. 2, paras. 2 and 3 of the Delegated Regulation no later than the end of the seventh trading day following the date of execution of such transactions. Furthermore, in accordance with Article 2(3) of the Delegated Regulation, the Company will publish the disclosed transactions on its website, www.accentro.ag, under the “Investor Relations” section, and ensure that the information remains publicly accessible for at least five years from the date of disclosure.
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 East German cities and metropolitan areas, 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 for 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
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