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21 September 2024 @ 20:00
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Nasdaq OMX Copenhagen A/S
Charlottenlund, September 20, 2024
Announcement no. 266
German High Street Properties A/S announces successful rights issue with all new shares fully subscribed
By company announcement no. 265 of August 30, 2024, German High Street Properties A/S (the “Company”) announced the initiation of a rights issue (the “Offering”) with pre-emptive subscription rights (the “Pre-emptive Rights”) for the Company’s existing shareholders (the “Existing Shareholders”) allowing for subscription of between 428,630 and 609,076 new shares (the “New Shares”).
The subscription period for the New Shares has expired, and the Company is pleased to announce that the Offering was fully subscribed. A total of 483,581 New Shares were subscribed for by exercise of pre-emptive rights, 40,660 remaining shares were subscribed pursuant to separate subscriptions by Existing Shareholders and 84,835 remaining shares were subscribed pursuant to an advance guaranteed commitment by the Company’s major shareholder, Kartago Property ApS.
The Company expects to complete the Offering settlement of subscription amounts has taken place and the New Shares have been registered with the Danish Business Authority, expectedly on Tuesday 24 September 2024. As soon as possible thereafter, the New Shares will be admitted to trading and official listing on Nasdaq Copenhagen A/S under the Company’s permanent ISIN-code (DK0060093524), expectedly no later than Thursday 26 September 2024.
As stated in company announcement no. 265 of 30 August 2024, the Offering may be withdrawn at any time prior to the registration of the capital increase relating to the Offering with the Danish Business Authority. Any such withdrawal would be notified via Nasdaq Copenhagen A/S.
The expected timetable for the Offering remains unchanged.
For inquiries, please contact:
Hans Thygesen, Chairman of the Board of Directors
+ 45 81 10 08 00
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