DEMIRE Deutsche Mittelstand Real Estate AG resolves on public share purchase offer to buy back shares for up to 2,000,000 own shares

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Share Buyback24.06.2020 / 14:28

DGAP-News: DEMIRE Deutsche Mittelstand Real Estate AG / Key word(s): Share Buyback
24.06.2020 / 14:28
The issuer is solely responsible for the content of this announcement.

DEMIRE Deutsche Mittelstand Real Estate AG resolves on public share purchase offer to buy back shares for up to 2,000,000 own shares

Langen, 24 June 2020 - The executive board of DEMIRE Deutsche Mittelstand Real Estate AG (WKN A0XFSF / ISIN DE000A0XFSF0) (the "Company") resolved today, with the approval of the supervisory board of the Company, to utilize the authorization to acquire own shares in accordance with § 71 para. 1 no. 8 German Stock Corporation Act granted by the general meeting dated 29 May 2019. It is intended to buy back up to 2,000,000 shares of the Company (corresponding to about up to 1.86 % of the Company's share capital) by way of a public share purchase offer to buy back shares to all shareholders of the Company against payment of an offer price in the amount of EUR 4.45. In accordance with the authorization granted by the general meeting of 29 May 2019, the shares which are acquired as a result of the public share purchase offer to buy back shares can be used for all purposes permitted by law and may, among others, also be cancelled.

The period to accept the offer will commence on 26 June 2020, 00:00 (CEST), and is expected to end on 13 July 2020, 24:00 (CEST).

In case more than 2,000,000 shares are tendered for buyback under the public share purchase offer to buy back shares, the declarations of acceptance will be considered proportionally in the ratio of the 2,000,000 shares to the aggregate number of shares tendered for buyback.

Further details on the public share purchase offer to buy back shares can be found in the offer document, which has been published by the Company on its website www.demire.ag in the section "Investor Relations - Transactions - 2020 Share Buyback" (https://www.demire.ag/en/investor-relations/transactions/2020-share-buyback) and will be published subsequently also in the German Federal Gazette under www.bundesanzeiger.de.

IMPORTANT NOTICE:
This announcement may not be published, distributed or transmitted in the United States of America, Australia, Canada, South Africa or Japan. This announcement is not directed to or intended for distribution to or use by, any person or entity that is a citizen or resident or located an any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to applicable law or regulation or which would require any registration or licensing within such jurisdiction.

Neither this announcement nor its content may be published, dispatched, distributed or disseminated within the United States of America, and in each case neither by means of utilization of any postal service nor by any other means or instruments of business communication between single states or foreign trade or any facilities of a national stock exchange of the United States of America. This includes, among others, submission by fax, electronic post, telex, telephone and the internet. Copies of this announcement or any other documents related to this announcement may also not be distributed or submitted to or within the United States of America.

This announcement does not contain or constitute an offer of, or the solicitation of an offer to purchase securities of the Company in the United States of America, in the Federal Republic of Germany or in any other jurisdiction.

The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness.

This announcement contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of the Company and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations affecting the Company, and other factors. The Company does not assume any obligations to update any forward-looking statements.

Contact:
Michael Tegeder
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telephone: +49 (0) 6103 372 49 44
Email:


 


24.06.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



show this

Contact
DEMIRE Deutsche Mittelstand Real Estate AG
Robert-Bosch-Straße 11
63225 Langen
phone: +49 (0) 6103 – 372 49-0
fax: +49 (0) 6103 – 372 49-11
email:
Web: www.demire.ag

INVESTOR RELATIONS CONTACT
Michael Tegeder
Head of Investor Relations
& Corporate Finance

phone: +49 (0) 6103 37249 44
fax: +49 (0) 6103 37249 11
email:

Feldhoff & Cie. GmbH
Herr Markus Heber
phone: +49 69 26 48 677 – 19
email: