DGAP-Adhoc: Due to alternative financing options, Coreo AG waives the issuance of the corporate bond 2020/2025

14.09.2020 – 13:35 | Quelle: Dow Jones Newsw… | Lesedauer etwa 5 min. | Text vorlesen Stop Pause Fortsetzen

DGAP-Ad-hoc: Coreo AG / Key word(s): Bond/Real Estate
Due to alternative financing options, Coreo AG waives the issuance of the
corporate bond 2020/2025

14-Sep-2020 / 13:35 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

NOT FOR PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN OR INTO
THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN OR WITHIN OR INTO
ANY OTHER JURISDICTION IN WHICH SUCH PUBLICATION OR DISTRIBUTION WOULD BE
PROHIBITED. ADDITIONAL LIMITATIONS APPLY.

*Due to alternative financing options, Coreo AG waives the issuance of the
corporate bond 2020/2025*

_Frankfurt am Main – 14 September 2020 _- The Management Board of Coreo AG
resolved, with the approval of the Supervisory Board, to waive the issuance
of the corporate bond 2020/2025 offered for subscription in a public
offering and to reverse subscriptions already submitted.
The current placement volume of around 10 million euros, including the
commitments of the anchor shareholders Christian Angermayer and alex schütz
familienstiftung, does not meet expectations and, in the company’s view,
does not justify the administrative expense of a public bond.

However, the Management Board is conducting extensive talks with a
well-known investor and the two anchor shareholders, who offered to provide
the company with the entire bond volume of EUR 30 million. In the next few
weeks, the terms and conditions are to be finalised and the bond will then
be issued in a private placement.
Alongside the early redemption of the warrant bond 2018/2022 with a volume
of EUR 15 million, this financing is intended to enable Coreo AG to acquire
properties worth more than EUR 40 million in a timely manner, for which the
company already has exclusivity.

End of ADHOC

*About Coreo AG*
Coreo AG, with headquarters in Frankfurt am Main, is a portfolio developer
with a focus on German commercial and residential real estate. The real
estate portfolio of existing and development properties forms the
cornerstone of the company’s three pillars of income: income from letting,
sales and valuation. Investments are made in real estate with considerable
potential for value appreciation with existing development needs, preferably
in medium-sized centres and with a volume of EUR 5-20 million, as part of
the value-creating growth strategy (sweet spot). The objective is to create
an efficiently managed, high-yield real estate portfolio with a volume of
EUR 400 – 500 million over the next few years by means of prudent
development and the sale of non-strategic objects.

*Important notes*
This release is intended for information purposes only and does not
constitute any offer to buy, sell, exchange or transfer any securities, nor
a solicitation of an offer to purchase any securities of Coreo AG in the
United States of America or any other jurisdiction. The above mentioned
securities of Coreo AG were not and will not be registered under the U.S.
Securities Act of 1933, as amended (the “Securities Act”), and may not be
offered or sold in the United States of America except pursuant to an
exemption from the registration requirements of the Securities Act. Neither
the Company nor any other party to the aforementioned transaction is
planning to register the securities referred to herein under the Securities
Act or with any securities regulatory authority of any state or other
jurisdiction in the United States of America in conjunction with this
announcement. Under no circumstances may the securities be offered in any
jurisdiction in circumstances which would require the preparation or
registration of a prospectus or offering circular in conjunction with the
securities in that jurisdiction.
Except for certain exemptions under the Securities Act, the securities
described in this announcement may not be sold or offered for sale in
Australia, Canada, or Japan, or to or for the account or benefit of persons
resident or domiciled in Australia, Canada, or Japan.
This release comprises future-related statements that are subject to certain
risks and uncertainties. Due to various risk factors and uncertainties,
including changes in business, economic and competitive conditions, foreign
exchange rate fluctuations, uncertainties in litigation or investigative
proceedings, and the availability of financing, future results could differ
materially from those currently anticipated. The Company assumes no
responsibility to update the future-related statements contained in this
release.

Contact:
Coreo AG
Andrea Glaab
Investor Relations
Grüneburgweg 18
D-60322 Frankfurt a. M.
ir@coreo.de
T: +49 (0) 69-21 93 96-0

14-Sep-2020 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Coreo AG
Grüneburgweg 18
60322 Frankfurt am Main
Germany
Phone: +49 69 2193 96-0
Fax: +49 69 2193 96-150
E-mail: ir@coreo.de
Internet: www.coreo.de
ISIN: DE000A0B9VV6
WKN: A0B9VV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt
(Basic Board), Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1131109

End of Announcement DGAP News Service

1131109 14-Sep-2020 CET/CEST

(END) Dow Jones Newswires

September 14, 2020 07:35 ET ( 11:35 GMT)

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