Peach Property Group (Deutschland) AG
Peach Property Group (Deutschland) AG: offer period extended until 12 November 2012
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. --------------------------------------------------------------------------- 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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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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