Grand City Properties S.A. / Miscellaneous
Grand City Properties S.A.: ANNOUNCES THAT THE CONVERTIBLE BONDS DUE 2019 (XS1036325527) HAVE BEEN CONVERTED
01-Feb-2016 / 07:02 CET/CEST
Dissemination of a Regulatory Announcement, transmitted by EQS Group AG.
The issuer is solely responsible for the content of this announcement.
NOT FOR DISTRIBUTION IN OR INTO OR TO ANY PERSON LOCATED OR RESIDENT IN THE UNITED STATES, ITS TERRITORIES AND
POSSESSIONS (INCLUDING PUERTO RICO, THE U.S. VIRGIN ISLANDS, GUAM, AMERICAN SAMOA, WAKE ISLAND AND THE NORTHERN MARIANA
ISLANDS), ANY STATE OF THE UNITED STATES OR THE DISTRICT OF COLUMBIA (THE 'UNITED STATES') OR TO ANY U.S. PERSON OR IN
ANY OTHER JURISDICTION WHERE SUCH DISTRIBUTION IS UNLAWFUL.
GRAND CITY PROPERTIES S.A. ANNOUNCES THAT THE CONVERTIBLE BONDS DUE 2019 (XS1036325527) HAVE BEEN CONVERTED
Luxembourg, February 1, 2016 - Grand City Properties S.A. (the 'Company') announces that following the call to redeem
the outstanding EUR 275 million 1.5 per cent secured convertible bonds due 2019 (the 'Series C Bonds'), as at today's
date, the principal amount of the Series C Bonds which have been converted into share capital of the Company is EUR
274,800,000 which represents 99.93 per cent of the aggregate principal amount of the Series C Bonds and results a
decrease of debt in the same amount.
As a result of the recent conversions after the announcement of redemption in respect of the Series C Bonds, the equity
of the Company increased by EUR 123 million. Due to the recent conversions of the Series C Bonds, 12,818,288 new shares
were issued by the Company and the Company's total number of issued shares equals to 153,788,883.
The outstanding Series C Bonds in the amounts of EUR 200,000 will be redeemed at their Accreted Principal Amount (as
defined in the conditions) on 10 February 2016 (together with accrued and unpaid interest to that date).
About the Company
Grand City Properties is a specialist real estate company focused on investing in and managing turnaround opportunities
in the real estate property market in Germany, primarily in densely populated areas. The Company's strategy is to
improve its properties through targeted modernization and intensive tenant management, and then create value by
subsequently raising occupancy and rental levels. For the 9 months ending 30 September 2015, the Company reported an
Adjusted EBITDA of EUR 121.6 million (YOY increase of 54%) and a net profit of EUR 286.1 million (YOY increase of 65%).
Total equity as of 30 September 2015 amounts to EUR 2,051 million. As of March 2016 the Company holds 78 thousand units.
The Company's rental and operating income annualized run rate for March 2016 (March*12) is EUR412 million. The Company's
FFO I run rate for March 2016 is EUR 151 million. The Company's investment grade rating is BBB and Baa2 by S&P and
Moody's respectively.
Further information: www.grandcityproperties.com
Grand City Properties (ISIN: LU0775917882) is a public limited liability company (société anonyme) incorporated under
the laws of the Grand Duchy of Luxembourg, having its registered office at 24, Avenue Victor Hugo, L 1750 Luxembourg and
being registered with the Luxembourg trade and companies register (Registre de Commerce et des Sociétés Luxembourg)
under number B 165 560. Since May 2012, Grand City Properties is listed on the Frankfurt Stock Exchange.
Contact:
Grand City Properties S.A.
24, Avenue Victor Hugo
L-1750 Luxemburg
T: +352 28 77 87 86
E: info@grandcity.lu
www.grandcityproperties.com
Press Contact:
Katrin Petersen
Grand City Properties S.A.
T: +49 (30) 374 381 5218
E: katrin.petersen@grandcity.lu
DISCLAIMER:
THIS ANNOUNCEMENT DOES NOT CONTAIN OR CONSTITUTE AN OFFER OF, OR THE SOLICITATION OF AN OFFER TO BUY OR SUBSCRIBE FOR,
SECURITIES TO ANY PERSON IN THE UNITED STATES OR ANY OTHER JURISDICTION.
THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE 'SECURITIES ACT'), OR THE SECURITIES LAWS OF ANY STATE OR OTHER JURISDICTION OF
THE UNITED STATES, AND SUCH SECURITIES MAY NOT BE OFFERED, SOLD OR DELIVERED DIRECTLY OR INDIRECTLY WITHIN THE UNITED
STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT)
ABSENT REGISTRATION UNDER OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT. THERE WILL BE NO PUBLIC OFFERING
OF THE SECURITIES IN THE UNITED STATES.
THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE UNITED KINGDOM TO (I) PERSONS WHO HAVE
PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND
MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE 'ORDER'), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM
IT MAY OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER, AND (III) PERSONS TO WHOM IT MAY
OTHERWISE LAWFULLY BE COMMUNICATED (ALL SUCH PERSONS TOGETHER BEING REFERRED TO AS 'RELEVANT PERSONS'). THIS
COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE NOT RELEVANT PERSONS. ANY INVESTMENT OR
INVESTMENT ACTIVITY TO WHICH THIS ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE ENGAGED IN ONLY
WITH RELEVANT PERSONS.
THIS ANNOUNCEMENT MAY ONLY BE DISTRIBUTED TO PERSONS TO WHOM IT IS LAWFUL TO SEND THIS ANNOUNCEMENT AND, IN PARTICULAR,
SHOULD NOT BE FORWARDED TO ANY U.S. PERSON OR TO ANY U.S. ADDRESS. ANY FORWARDING, DISTRIBUTION OR REPRODUCTION OF THIS
ANNOUNCEMENT IN WHOLE OR IN PART IS UNAUTHORISED. FAILURE TO COMPLY WITH THIS DIRECTIVE MAY RESULT IN A VIOLATION OF
APPLICABLE LAWS.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ('EEA'), THIS ANNOUNCEMENT AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED
ONLY AT PERSONS WHO ARE 'QUALIFIED INVESTORS' WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE 2003/71/EC, AS AMENDED
(THE 'PROSPECTUS DIRECTIVE'). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER (AN 'INVESTOR') OR TO WHOM
ANY OFFER OF THE SECURITIES IS MADE WILL BE DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY
INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT
BEEN ACQUIRED ON BEHALF OF PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES BEEN ACQUIRED WITH
A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE
COMPANY OR ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS DIRECTIVE.
THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS AND OBJECTIVES RELATING TO GRAND CITY
PROPERTIES S.A.'S FUTURE OPERATIONS, PRODUCTS, OR SERVICES, FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR
RELATING TO ANY SUCH STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT TO RISKS AND
UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF GRAND CITY PROPERTIES S.A. ACTUAL RESULTS COULD DIFFER
MATERIALLY, DEPENDING ON A NUMBER OF FACTORS.
01-Feb-2016 The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press
Releases.
Media archive at www.dgap.de/ukreg
Language: English
Company: Grand City Properties S.A.
24, Avenue Victor Hugo
1750 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 28 77 87 86
Fax: +352 28 77 87 84
Internet: http://grandcityproperties.com
ISIN: LU0775917882, XS1036325527, XS1130507053, XS1191320297, XS1199992196, XS1220083551,
WKN: A1JXCV , A1ZD10, A1ZRRK, A1ZW4K, A1ZYA8, A1ZZ49
Listed: Regulated Unofficial Market in Berlin, Stuttgart; Open Market (Entry Standard) in Frankfurt
Category Code: MSC
TIDM: 0
Sequence Number: 2980
Time of Receipt: 01-Feb-2016 / 06:29 CET/CEST
End of Announcement EQS News Service
433415 01-Feb-2016
(END) Dow Jones Newswires
February 01, 2016 01:02 ET (06:02 GMT)
