Consus Real Estate AG: Amendment of the conditions of the EUR 200,000,000 4.00 % bonds due 2022 (ISIN DE000A2G9H97) completed; from now on, conversions will be carried out in accordance with the revised conversion mechanism
Berlin, 19 December 2019: As already announced on 15 October 2019, the bondholders of the EUR 200,000,000 4.00% bonds due 2022 (ISIN DE000A2G9H97) issued by Consus Real Estate AG unanimously resolved to amend the terms and conditions (new version of the conversion mechanism for adjustment to customary conversion processes) by way of a vote without physical meeting. This resolution has now been implemented in accordance with the provisions of the German Bond Act. The conditions have thus been effectively changed.
From now on, conversions will be carried out in accordance with the revised conversion mechanism.
About Consus Real Estate AG
Consus Real Estate AG (“CONSUS”) with its headquarters in Berlin is the leading property developer in the top 9 cities in Germany. The development portfolio of CONSUS had a gross development value (GDV) of EUR 10.3 bn as of 30 September 2019. CONSUS focuses on the development of entire neighbourhoods (‘quartiers’) and standardised flats that it forward sells to institutional investors. The in-house construction expertise and the digitalisation of construction processes allow CONSUS to operate along the entire property development value chain. CONSUS implements development projects from planning through construction to transfer of ownership, as well as delivering property management and related services through its subsidiaries CG Gruppe AG and Consus Swiss Finance AG. CONSUS’ shares are included in the Scale segment of the Frankfurt Stock Exchange and the m:access segment of the Munich Stock Exchange and are traded on XETRA in Frankfurt, among others.
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