ADO Properties S.A.: ADO Properties S.A. successfully places convertible bond
ADO Properties S.A. / Key word(s): Bond
ADO Properties S.A. successfully places convertible bond ADO Properties S.A. / Keyword(s): Bond Disclosure of an inside information according to Article 17 MAR The Issuer is solely responsible for the content of this announcement. ADO Properties S.A. successfully places convertible bond Luxembourg, 16 November 2018 - ADO Properties S.A. successfully placed senior, unsecured convertible bonds due 2023, with a coupon set at 1.25% p.a., in an aggregate principal amount of EUR 165 million. Settlement is expected to take place on or around 23 November 2018. ADO Group LTD, the main shareholder of the Company, has been allocated bonds in the accelerated bookbuilding reflecting pro rata its current shareholding in the Company. Investor Relations ir@ado.properties +352 27 84 56 710 +352 26 26 34 079 Regulated information This ad hoc announcement contains information that qualifies, or may qualify as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.
About ADO Properties ADO Properties is a Berlin-focused business active primarily in the residential real estate sector with a portfolio of approximately 23,500 units in Berlin. The Company has a fully integrated, scalable in-house platform with its own property management. Along with the responsibility for the condition of its apartments and buildings, ADO Properties also assumes responsibility towards people, employees, and neighborhoods. ADO Properties' portfolio is focused on central locations in Berlin and attractive suburban districts.
Disclaimer The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or the laws of any state within the United States, and may not be offered or sold in the United States absent registration or an applicable exemption from registration or in a transaction not subject to the registration requirements of the Securities Act. There was no offering of the securities in the United States. Language: English Company: ADO Properties S.A. 1B Heienhaff L-1736 Senningerberg Luxemburg Phone: +352 27 84 56 710 Fax: +352 26 26 34 079 E-mail: ir@ado.properties Internet: ado.properties.com ISIN: LU1250154413 WKN: A14U78 Indices: SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart, Tradegate Exchange; Luxembourg Stock Exchange Contact: Florian Goldgruber, CFO 16-Nov-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | ADO Properties S.A. |
1B Heienhaff | |
L-1736 Senningerberg | |
Luxemburg | |
Phone: | +352 27 84 56 710 |
Fax: | +352 26 26 34 079 |
E-mail: | ir@ado.properties |
Internet: | www.ado.immo |
ISIN: | LU1250154413 |
WKN: | A14U78 |
Indices: | SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX |
End of Announcement | DGAP News Service |