Peach Property Group (Deutschland) AG
Peach Property Group (Deutschland) AG: Initial Public Offering in Prime Standard planned for 12 November
Peach Property Group (Deutschland) AG / Key word(s): IPO 24.10.2012 07:00 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS. Press release Peach Property Group (Deutschland) AG: Initial Public Offering in Prime Standard planned for 12 November - 2.5 million shares from capital increase to be placed on the market - Proceeds from the IPO to be used to accelerate realisation of attractive project pipeline - Subscription period expected to be between 30 October and 7 November 2012 Cologne, 24 October 2012. Peach Property Group (Deutschland) AG - 'brand innovator' in the luxury residential property segment and manager of investment properties - is aiming for Frankfurt Stock Exchange's Prime Standard with its IPO on 12 November 2012. 3.4 million shares are to be offered for subscription, up to 2.5 million of which originate from a capital increase and up to 0.9 million from reallocation. Furthermore, there is an over-allotment (greenshoe) option of 349,999 shares from current sole shareholder, Peach German Properties AG, a full subsidiary of the SIX Swiss Exchange listed Peach Property Group AG based in Zurich, Switzerland. After the completion of the transaction, Peach German Properties AG will hold a stake of at least 50 % plus one share in Peach Property Group (Deutschland) AG. Up to this stake's amount, Peach German Properties AG has committed to a lock-up period of 12 months. A public offering for the shares is planned in Germany and Luxembourg. The subscription period is expected to begin on 30 October 2012 and end on 7 November 2012 at 12:00pm for private investors and 3:00pm for institutional investors. biw Bank für Investments und Wertpapiere AG will act as sole lead manager and sole bookrunner and the private bank DONNER & REUSCHEL Aktiengesellschaft as well as DAB bank AG as selling agents. The expected proceeds from the IPO are to be used to further expand the project pipeline and to accelerate the growth of Peach Property Group (Deutschland) AG. The company plans to invest around 30% of the proceeds in investment properties, 40% in refurbishments and 30% in the construction of new luxury properties. Furthermore, the reduction of liabilities is also possible to a small extent. As a value-oriented property investor and developer operating throughout Germany, Peach Property Group (Deutschland) AG has a compelling track record and outstanding access to attractive spaces and projects in popular cities such as Berlin, Hamburg and Munich. With strong partners and successful international brands like 'yoo inspired by Starck', the company creates unique residential properties that meet the requirements of a discerning clientele. Peach Property Group (Deutschland) AG covers the complete value chain of its projects. Peach Property Group (Deutschland) AG has three main pillars in terms of its business activities - the construction of new luxury properties, the refurbishment of high-quality living spaces and the management of selected investment properties. As a result, Peach Property Group (Deutschland) AG aims to combine attractive returns on equity from property development with steady cash flows from property rental. Accordingly, Peach Property Group (Deutschland) AG's portfolio contains both investment properties and recently acquired projects from the refurbishment (Hoesch headquarters in Dortmund) and luxury property construction business areas ('Living 108' in Berlin). Furthermore, the company is also a successful service provider for Peach Group's ongoing German projects such as 'yoo berlin', 'Am Zirkus 1' in Berlin and 'Harvestehuder Weg 36' in Hamburg. Since starting applying the three-pillar business model, Peach Property Group (Deutschland) AG has significantly increased revenues and profits. The net profit of 3.4 million Euro recorded in the first half of 2012 was much higher than the profit recorded in 2011 as a whole. 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 as well as the refurbishment of existing 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 Australia, Canada, Japan, or the United States 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, delivered or otherwise transferred in or into the United States except pursuant to an exemption from, or in a transaction not subject to, 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, or 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 or Luxembourg. A public offer 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 will published on the website of the Company and will be also available in printed form free of charge from the Company and biw Bank für Investments und Wertpapiere AG. 24.10.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. 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