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Deutsche Konsum REIT-AG
ISIN: DE000A14KRD3
WKN: A14KRD
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Deutsche Konsum REIT-AG · ISIN: DE000A14KRD3 · EQS - Company News (82 News)
Country: Germany · Primary market: Germany · EQS NID: 2045329
05 December 2024 04:30PM

Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG


EQS-News: Deutsche Konsum REIT-AG / Key word(s): Corporate Action
Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG

05.12.2024 / 16:30 CET/CEST
The issuer is solely responsible for the content of this announcement.


Press release

Versorgungsanstalt des Bundes und der Länder (VBL) becomes a major shareholder of Deutsche Konsum REIT-AG

Potsdam, 04 December 2024 – Through the conversion of a convertible bond, the Versorgungsanstalt des Bundes und der Länder (VBL) has become a major shareholder of Deutsche Konsum REIT-AG.

In 2015, Deutsche Konsum REIT-AG issued two unsecured convertible bonds totaling EUR 37 million maturing in January 2025. Through the partial conversion by VBL, a significant portion of these bonds was redeemed via the issuance of 5,572,704 new shares by Deutsche Konsum REIT-AG. This settlement has a positive impact on the company’s future liquidity and debt level.

The company welcomes the new shareholder and is looking forward to a long-term relationship.

On 26 November 2024, Deutsche Konsum REIT-AG published a range for its Loan-to-Value (LTV) ratio for the 2023/2024 fiscal year (see press release). The current conversion of the convertible bond is expected to have an additional positive effect on the LTV in the first quarter of the new financial year 2024/2025.

Full year results will be published on 19 December 2024.

About Deutsche Konsum

Deutsche Konsum REIT-AG, Broderstorf, is a listed real estate company with a focus on German retail properties for everyday goods at established micro-locations. The focus of the Company's activities is on the acquisition, management and development of local supply properties with the aim of continuous performance and the leveraging of hidden reserves.

The shares of the Company are listed on the Prime Standard of the Deutsche Börse (ISIN: DE000A14KRD3) and on the JSE (JSE Limited) (South Africa) by way of a secondary listing.

 


Contact:
Deutsche Konsum REIT-AG
Mrs. Mareike Kuliberda
Investor Relations
Marlene-Dietrich-Allee 12b
14482 Potsdam
Tel: 0331 / 74 00 76 - 533
Fax: 0331 / 74 00 76 - 599
E-Mail: mk@deutsche-konsum.de


05.12.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com


Language: English
Company: Deutsche Konsum REIT-AG
Marlene-Dietrich-Allee 12b
14482 Potsdam
Germany
Phone: +49 (0)331 740076512
Fax: +49 (0)331 740076599
E-mail: ak@deutsche-konsum.de
Internet: www.deutsche-konsum.de
ISIN: DE000A14KRD3
WKN: A14KRD
Listed: Regulated Market in Berlin, Frankfurt (Prime Standard); Regulated Unofficial Market in Dusseldorf, Munich, Stuttgart, Tradegate Exchange; JSE Securities Exchange
EQS News ID: 2045329

 
End of News EQS News Service

2045329  05.12.2024 CET/CEST

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