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DEUTSCHE KONSUM REIT-AG - Publication of inside information in accordance with Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse

Release Date: 29/05/2025 14:30
Code(s): DKR     PDF:  
Wrap Text
Publication of inside information in accordance with Art. 17 para. 1 of Regulation (EU) 596/2014 on market abuse

DEUTSCHE KONSUM REIT-AG
(Incorporated in the Federal Republic of Germany)
(Registration number: HRB 13072)
FSE Share Code: A14KRD
JSE Share Code: DKR
ISIN: DE000A14KRD3
LEI: 529900QXC6TDASMCSU89


PUBLICATION OF INSIDE INFORMATION IN ACCORDANCE WITH ART. 17 PARA. 1 OF
REGULATION (EU) 596/2014 ON MARKET ABUSE (MARKET ABUSE REGULATION)

Deutsche Konsum REIT-AG enters into an agreement on restructuring capital increase

Potsdam, 29 May 2025 – Today, Deutsche Konsum REIT-AG ("Company")
(ISIN: DE000A14KRD3 | WKN: A14KRD | ticker symbol: DKG) entered into a restructuring
agreement on the basis of which a mixed cash and non-cash (contribution in kind) capital
increase with subscription rights at a subscription price of EUR 2.00 shall be implemented
("Capital Increase"). The contribution in kind shall include receivables against the Company
in the amount of at least EUR 86 million, in particular from secured registered bonds, to be
contributed to the Company in exchange for the issue of new shares. This contribution in kind
will be reduced to the extent that other shareholders exercise their subscription rights. The
counterparties to the restructuring agreement are various companies through which
Versorgungsanstalt des Bundes und der Länder AöR ("VBL") holds its stake in the Company.
The Capital Increase shall be approved by an extraordinary shareholders' meeting of the
Company expected to take place in mid-September 2025.

The restructuring agreement provides for various conditions precedent, in particular (i) an
exemption by the German Federal Financial Supervisory Authority from the obligation to
publish and submit a mandatory offer in accordance with the German Securities Acquisition
and Takeover Act in the event that VBL or an affiliated company obtains control over the
Company as a result of the Capital Increase (restructuring exemption), (ii) any necessary
antitrust clearance, (iii) the successful preparation of a restructuring opinion by FTI-Andersch
AG and (iv) the conclusion of successful negotiations with other relevant creditors.

The Company has not yet conclusively assessed the effects of the Capital Increase on the
current planning for the sustainable reorganisation of the Company. In any case, the
implementation of the Capital Increase would lead to an improvement in the Company's key
financial figures. In addition, the Company currently assumes that, if the Capital Increase is
implemented, property sales with the sales proceeds of EUR 350 to 450 million until the end
of 2027 as announced in the Ad hoc release of 7 May 2025 will no longer be necessary to the
same extent.

The Company aims to finalise the restructuring negotiations with the relevant stakeholders by
the end of August 2025.

Contact:
Deutsche Konsum REIT-AG
– Management Board –
Marlene-Dietrich-Allee 12b
14482 Potsdam
Germany
Phone: +49 (0) 331 74 00 76 - 512
E-mail: kt@deutsche-konsum.de


DKR has a primary listing on the Prime Standard on the Frankfurt Stock Exchange and a
secondary listing on the JSE.

Potsdam, 29 May 2025

JSE Sponsor
PSG Capital

Date: 29-05-2025 02:30:00
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