DEFAMA Well Above Plan

DEFAMA Deutsche Fachmarkt AG has successfully completed the capital increase from authorized capital. The announced maximum of 380,000 new shares was placed in full with institutional investors as part of a private placement at a price of €27.00 per share. From the capital increase, DEFAMA will receive gross issue proceeds of €10.26 million.

Matthias Schrade, CEO of DEFAMA, said: “Our speed of investment was well above plan recently. This applies to real estate acquisitions as well as value-enhancing investments in our portfolio properties. With the successful capital increase, we are prepared to accelerate our growth again. Against this background, we will review the long-term planning for DEFAMA 2025 over the course of the year and adjust it if necessary.”

The implementation of the capital increase is expected to be entered in the commercial register of the district court of Charlottenburg on April 1, 2022. The new shares are fully entitled to dividends for the 2022 financial year and are expected to be included in over-the-counter trading on the Munich and Frankfurt stock exchanges on April 4, 2022 without a prospectus. Settlement is also expected to take place on April 4, 2022. The placement of the new shares was accompanied by M.M.Warburg & CO.

Published by:

Dr. Oliver Everling

Independent since 1998, he is Managing Director of RATING EVIDENCE GmbH. As visiting professor of Capital University of Economics and Business in Beijing, former chairman of the supervisory board of a rating agency, advisory board member, advisor, member of rating committees, chairman of ISO-TC Rating Services, author or publisher of books and a magazine, Independent Non-Executive Director under EU Regulation on Credit Rating Agencies, he has been or is involved in ratings from a variety of perspectives. Previously, he was for 6 years department director at Dresdner Bank and, until 1993, managing director of the Projektgesellschaft Rating mbH after a doctorate at the banking and stock exchange seminar of the University of Cologne.

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