DEMIRE Deutsche Mittelstand Real Estate AG: Invitation
to backstop
Langen, 1 August 2024. In connection with the planned
financial restructuring measures of DEMIRE’s (the “Company”)
unsecured corporate bond due October 15, 2024 (the “Notes”)
and further to the Company's ad hoc announcements dated June 5,
2024 and July 1, 2024, respectively, the Company refers to the
backstop letter entered into between the Company and certain
holders of the Notes on June 4, 2024 (the “Backstop Letter”)
which contemplates a cash tender offer related to the Notes. DEMIRE
hereby announces that any Eligible Holder (as defined below) of the
Notes who wishes to accede to the Backstop Letter as outlined in
the ad hoc announcement of the Company on June 5, 2024 should
contact the Company (at the contact details below) within the next
14 days to receive a copy of the Backstop Letter and corresponding
instructions for purposes of the accession thereto.
“Eligible Holders” are defined as persons who are:
- either non-U.S. persons located outside the United States or
dealers or other professional fiduciaries in the United States
acting on a discretionary basis for the benefit or account of
non-U.S. persons located outside the United States, as those terms
are defined in Regulation S under the Securities Act; or persons
located in the United States or U.S. persons who are either (i)
qualified institutional buyers within the meaning of Rule 144A
under the Securities Act or (ii) “accredited investors” as defined
in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, that
are institutions; and
- persons other than retail investors in the United Kingdom,
defined as a person who is one (or more) of: (i) a retail client as
defined point (8) of Article 2 of Regulation (EU) No. 2017/565 as
it forms part of domestic law of the UK by virtue of the European
Union (Withdrawal) Act 2018 (“EUWA”); or (ii) a customer within the
meaning of the provisions of the Financial Services and Markets
Authority and any rules or regulations made under the FSMA to
implement Directive (EU) 2016/97, where that customer would not
qualify as a professional client, as defined in point (8) of
Article 2(1) of Regulation (EU) No 600/2014 as it forms part of
domestic law of the UK by virtue of the EUWA; (iii) not a qualified
investor as defined in Article 2 of Regulation (EU) No. 2017/1129
as it forms part of domestic law of the UK by virtue of the EUWA;
and
- persons other than retail investors in the European Economic
Area, defined as a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of MiFID II; (ii) a
customer within the meaning of Directive (EU) 2016/97 (as amended),
where that customer would not qualify as a professional client as
defined in point (10) of Article 4(1) of MiFID II; or (iii) not a
qualified investor as defined in Regulation (EU) 2017/1129 of the
European Parliament and of the Council of 14 June 2017 on the
prospectus to be published when securities are offered to the
public or admitted to trading on a regulated market and repealing
Directive 2003/71/EC.
Contact:
Julius Stinauer MRICS
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: + 49 6103 3724944
Email: stinauer@demire.ag
End of Press Release
About DEMIRE Deutsche Mittelstand Real Estate
AG
Deutsche Mittelstand Real Estate AG acquires and holds
commercial real estate in mid-sized cities and up-and-coming
locations bordering metropolitan areas across Germany. The
Company's particular strength lies in realising the potential of
the properties at these locations while focusing on a range of
properties that appeals to both regional and international tenants.
As of 30 September 2023, DEMIRE's portfolio comprises 60 assets
with a lettable space of approx. 860 thousand sqm. Including the
proportionately acquired Cielo property in Frankfurt/Main, the
market value amounts to approximately EUR 1.4 billion as of 30
September 2023.
The portfolio's focus is on office properties with a blend of
retail and hotel properties resulting in a return / risk structure
that is appropriate for the commercial real estate segment. The
Company places importance on long-term contracts with solvent
tenants and the realisation of the properties' potential. DEMIRE
anticipates continued stable and sustainable rental income along
with solid value appreciation.
DEMIRE aims to expand its portfolio significantly in the medium
term. The company focuses on assets contributing strongly to the
FFO and properties with the potential for additional value
creation. Properties that are not in line with this strategy will
be sold. DEMIRE is being further developed operationally and
procedurally with numerous measures. The company plans to enhance
its operating performance through cost discipline as well as an
active asset and portfolio management approach.
DEMIRE Deutsche Mittelstand Real Estate AG AG (ISIN:
DE000A0XFSF0) shares are listed in the Regulated Market (Prime
Standard segment) of the Frankfurt Stock Exchange.
Kontakt:
Julius Stinauer MRICS
Head of Investor Relations & Corporate Finance
DEMIRE Deutsche Mittelstand Real Estate AG
Telefon: + 49 6103 3724944
Email: stinauer@demire.ag
01.08.2024 CET/CEST Veröffentlichung einer Corporate
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