DEMIRE Deutsche Mittelstand Real Estate AG: DEMIRE issues mandatory convertible bond against contribution in kind

DEMIRE Deutsche Mittelstand Real Estate AG  / Key word(s): Bond/Financing

13.05.2015 13:35

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DEMIRE issues mandatory convertible bond against contribution in kind

Frankfurt/Main, 13 May 2015 - The Executive Board and Supervisory Board of
DEMIRE Deutsche Mittelstand Real Estate AG ("DEMIRE", ISIN DE000A0XFSF0)
resolved today to issue a mandatory convertible bond with a volume of EUR
15 million against contribution in kind and by excluding subscription
rights. In the context of the transaction, an investor in the 2014/2019
corporate bond (Open Market of the Frankfurt Stock Exchange; ISIN:
DE000A12T135/ WKN: A12T13; Volume EUR 100 million) will subscribe to the
new mandatory convertible bond to be issued with a term of three years
(bullet bond maturing 2018) by contributing fractional bonds from the
2014/2019 corporate bond. The bonds carry an interest coupon of 2.75% per
annum starting from the date of issue and may be converted into shares at
an initial conversion price of EUR 5.00 per share, subject to adjustments,
as of 1 September 2015. The mandatory convertible bond carries a conversion
obligation of the respective creditor at the maturity of the bond.

This bond will improve the refinancing structure and equity ratio of the
DEMRE real estate group because the mandatory convertible bond will be
considered as equity and the claim from the fractional bonds contributed
from the 2014/2019 corporate bond will lapse upon contribution.

The Executive Board 


The information in this release contains forward-looking statements that
are subject to various risks and uncertainties. Such forward-looking
statements are based on current forecasts, expectations and estimates of
DEMIRE's Executive Board at the time of their publications. Such statements
constitute neither promises nor guarantees and are subject to various known
and unknown risks and uncertainties, some of which are beyond DEMIRE's
influence. These risks and uncertainties may lead to actual results
differing materially from statements that are mentioned herein. DEMIRE
accepts no obligation to update or adjust the forward-looking statements
contained in this release to reflect events or circumstances after the date
of this release.


DEMIRE Deutsche Mittelstand Real Estate AG 
Lyoner Straße 32 
60528 Frankfurt am Main 
Phone: +49 (0) 69-719 189 79 0 
Fax: +49 (0) 69-719 189 79 11 

Investor Relations 
GFEI Aktiengesellschaft 
Lars Kuhnke 
Phone: +49 (0) 511 4740 2310 

13.05.2015 The DGAP Distribution Services include Regulatory Announcements,
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Language:     English
Company:      DEMIRE Deutsche Mittelstand Real Estate AG
              Lyoner Straße 32
              60528 Frankfurt am Main
Phone:        +49 (0)69  / 719 189 79 0
Fax:          +49 (0)69  / 719 189 79 11
ISIN:         DE000A0XFSF0
WKN:          A0XFSF
Listed:       Regulated Market in Frankfurt (General Standard); Regulated
              Unofficial Market in Berlin, Stuttgart
End of Announcement                             DGAP News-Service