Peach Property Group (Deutschland) AG
Peach Property Group (Deutschland) AG: Price range for public offering between 8.25 Euro and 10.25 Euro
Peach Property Group (Deutschland) AG / Key word(s): IPO 30.10.2012 08:05 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: Price range for public offering between 8.25 Euro and 10.25 Euro - Subscription period from 30 October to 7 November 2012 - Plans to place 2.5 million shares from a capital increase - Company to generate gross cash inflow of up to 25.6 million Euro - Initial listing in the Prime Standard planned for 12 November 2012 Cologne, 30 October 2012. The price range for the public offering of shares of Peach Property Group (Deutschland) AG (ISIN DE000A1RE400), Im Zollhafen 24, 50678 Cologne, was fixed between 8.25 Euro and 10.25 Euro. A total of 3.4 million shares plus an over-allotment (greenshoe) option of 349,999 shares will be publically offered for subscription in Germany and Luxembourg by way of a book building process. The IPO is expected to generate up to 25.6 million Euro gross cash inflow for the company. The public offer starts today on 30 October and is expected to end on 7 November 2012 at 12pm for private investors and at 3pm for institutional investors. The initial listing in the Prime Standard of the Frankfurt Stock Exchange is planned for 12 November 2012. 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. After the IPO, 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. biw Bank für Investments und Wertpapiere AG will act as sole lead manager and sole bookrunner and the private bank DONNER & REUSCHEL Aktiengesellschaft, DAB bank AG and flatex GmbH as selling agents. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: It is planned to use the net proceeds from the IPO for further expanding the project pipeline and accelerating Peach Property Group (Deutschland) AG's growth. 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. With the exclusive 'yoo inspired by Starck 'cooperation for all of Germany, Peach Property Group (Deutschland) AG is creating an outstanding position for itself in terms of branding and designing unique residential properties. The group covers the complete value added 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 into 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. Since starting applying the three-pillar business model, Peach Property Group (Deutschland) AG has significantly increased revenues and profits. In the first half of 2012, the company generated operating income of 7.9 million Euro and net profit of 3.4 million Euro. In the full year of 2011, operating income came to 5.5 million Euro and net profit to 1.6 million Euro. The Federal Financial Supervisory Authority (BaFin) approved the prospectus for the public offering on 29 October 2012. It is published on the company website and is 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). 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 will be published on the website of the company and will also be 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). 30.10.2012 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: , A1KQ8K Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / Designated to be listed End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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