Deutsche Wohnen AG: Adjustment of the Conversion Price and Conversion Ratio for the Convertible Bonds of Deutsche Wohnen AG in the amount of EUR 250 million due on November 22, 2020 (ISIN DE000A1YCR02)
DGAP-News: Deutsche Wohnen AG / Key word(s): Bond
Adjustment of the Conversion Price and Conversion Ratio for the Convertible Bonds of Deutsche Wohnen AG in the amount of EUR 250 million due on November 22, 2020 (ISIN DE000A1YCR02)
Frankfurt/Main and Berlin, June 22, 2016. The Conversion Price and Conversion Ratio for the Bonds have been adjusted as a result of the EUR 0.54 Cash Dividend per Share, in accordance with § 9(1)(d), § 9(2)(b) and § 9(3) of the terms and conditions of the Bonds. Pursuant to § 13 of the same, Deutsche Wohnen AG hereby gives notice that, effective June 23, 2016, the adjusted Conversion Price is EUR 17.4542 (previously: EUR 17.7877) and the adjusted Conversion Ratio is 5,729.2801 Shares per Bond (previously: 5,621.8623 Shares per Bond).
Deutsche Wohnen is one of the largest publicly listed property companies in Germany and Europe with a business focus on managing and developing its residential property portfolio. As at 31 March 2016 the portfolio comprised a total of 160,108 units, of which 157,948 are residential units and 2,160 commercial properties. The company is listed in the Deutsche Börse's MDAX and is also included in the leading indices EPRA/NAREIT, STOXX(R) Europe 600 and GPR 15.
This publication represents neither an offer for sale nor request for purchase of securities.
Any statements regarding the future in this document do not represent any facts and use terms such "will", "expected", "believe", "estimate", "intend", "strive", and "assume" and other similar phrases. The statements express the intention, views and current expectations and assumptions of Deutsche Wohnen and parties acting in concert with Deutsche Wohnen. The statements directed at the future are based on current planning, estimates and forecasts, which Deutsche Wohnen and the parties acting in concert with Deutsche Wohnen have made to the best of their knowledge but do not contain any statement about their future validity. Future-based statements are subject to risks and uncertainties, which are generally difficult to predict and are generally not in Deutsche Wohnen's sphere of influence or that of the parties acting in concert with Deutsche Wohnen. Please note that the actual results or events may deviate substantially from those provided in or removed from the future-based statements.
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|Company:||Deutsche Wohnen AG|
|65929 Frankfurt am Main|
|Phone:||+49 (0)30 89786-0|
|Fax:||+49 (0)30 89786-5419|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart; Terminbörse EUREX|
|End of News||DGAP News Service|