DGAP-News: publity AG: publity AG - significant volume of convertible bond conversions since mid-November

Press Release

publity AG - significant volume of convertible bond conversions since mid-November

- Convertible bonds with a nominal volume of EUR 4.1 million already converted

- Maturity of the convertible bond on 17 November 2020

- Interest rate at 3.50 percent p.a. and conversion price close to current share price

Frankfurt 09/01/2020 - publity AG ("publity", Scale, ISIN DE0006972508) can already report a significant conversion volume of its convertible bond 2015/ 2020 (ISIN DE000A169GM5). Since mid-November 2019, a total of 4,100 bonds with a nominal volume of Euro 4,100,000 have been converted into publity shares. In the course of this, 109,149 new shares were issued, so that publity's share capital has increased to around 14.98 million euros, divided into the same number of shares. The convertible bond currently still has a term of more than ten months and matures on 17 November 2020. Currently, convertible bonds with a nominal volume of EUR 45.9 million are still pending. The coupon rate amounts to 3.50 percent p.a. and the conversion price of EUR 37.5569 is close to the current market price of the publity share. Thomas Olek, CEO of publity: "It is apparent that investors presumably appreciate both the coupon rate of our convertible bond as well as the opportunity to purchase shares of publity through the converter."

About publity

publity AG ("publity") is an asset manager and investor specialised in office real estate in Germany. The company covers the core of the value chain from the acquisition to the development and the sale of real estate. With over 1,100 transactions in the past seven years, publity is one of the most active players in the real estate market. Currently, the company manages a portfolio with a value of over five billion euros. publity is characterized by a sustainable network in the real estate industry and in the Work-Out departments of financial institutions. With very good access to investment funds, publity handles transactions rapidly with a highly efficient process and proven partners. On a case-by-case basis, publity participates as co-investor in joint venture transactions to a limited extent. The shares of publity AG (ISIN DE0006972508) are traded on the Scale segment of Deutsche Börse.

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