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ESPG AG - Exchange Offer - Extension (DE)

ESPG AG announces extension of the exchange period of the public exchange offer until 7 July 2023 - DE000A2NBY22


30 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Yahoo Finance


"Cologne, 30 June 2023: The European Science Park Group (ESPG), a real estate company specialising in science parks, has decided to extend the current exchange period until 7 July 2023, 18:00 (CEST). Until this date, holders of the outstanding bond 2018/2023 (ISIN: DE000A2NBY22) can exchange their bonds at a ratio of 1 to 1 for the new bond 2023/2026 (ISIN: DE000A351VD7). In addition, ESPG has expanded the group of bondholders addressed. Thus, the public exchange offer is now not only addressed to investors who acquire securities for a minimum amount of 100,000 euros per investor, but also to qualified investors within the meaning of Article 2e of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (EU Prospectus Regulation).


Exchange offers already submitted remain valid. Existing bondholders who wish to exchange their Bonds of the Bonds 2018/2023 may either submit binding exchange offers via their custodian bank within the exchange period using the form provided by the custodian bank or use the form provided on the ESPG website. This form must then be submitted to the bondholder’s respective custodian bank. The exchange agent is Quirin Privatbank AG, Berlin, Germany."


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ESPG reports further leasing successes and receives good response to the public exchange offer for the 2018/2023 bond - DE000A2NBY22


22 JUNE 2023


Full announcement including disclaimers and offer restrictions available via Yahoo Finance


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  • Commitment and exercise notices received for the exchange offer of the bond 2018/2023 illustrate strong interest from existing investors to accompany ESPG's growth course in the long term.

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"Cologne, 22 June 2023: The European Science Park Group (ESPG), a real estate company specialising in science parks, reports further leasing successes. In addition, the management is registering a positive initial response to the current exchange offer for the 2018/2023 bond. The development illustrates that ESPG is in a position to efficiently seize the growth opportunities for science parks in Europe and that investors are increasingly using the exchange offer as an opportunity to accompany ESPG's growth course in the long term."


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Exchange offer for 2018/2023 bonds well received

The exchange offer for the ESPG corporate bond 2018/2023 (ISIN DE000A2NBY22), which has been running since 12 June, has met with a positive initial response. The company has already received commitment and exercise declarations from bondholders for a nominal amount of more than 2 million euros. Among others, the management and current as well as former shareholders have opted for the exchange. However, the company had to realise that the communication and delivery of the exchange documents, among others to investors from abroad, sometimes takes longer than expected and that time is also needed on the investor side to assess the offer. In this context, ESPG would like to point out that the current ESPG bond with ISIN DE000A2NBY22 is still partly listed under “Diok Real Estate” in the master data of the custodian banks.


Ralf Nöcker, CEO of ESPG AG: “Our exchange offer was well received in a volatile market environment. The management and the shareholders have offered their bonds in full for exchange and have thus continued to express their confidence in ESPG. We are also in positive discussions with many other bond investors who have also indicated their approval.”


The public exchange offer for holders of the 2018/2023 bond is expected to expire on 30 June 2023, while the new 2023/2026 bond will have a maturity of three years and will bear interest at 9.5 per cent per annum. Management will hold an investor call on Tuesday, 27 June 2023 at 3.00 p.m. with further information on the exchange offer. Interested parties can register on the company's website: https://espg.space/investor_relations/corporate-bond/. Furthermore, a sample exchange order can be found there, which investors interested in the exchange can use to place the order with their custodian bank: https://espg.space/wp-content/uploads/2023/06/Umtauschauftrag.pdf.


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ESPG AG offers holders of bond 2018/2023 an exchange and issues new bond 2023/2026 with a volume of up to EUR 46.626 million - DE000A2NBY22


09 JUNE 2023


Full announcement including disclaimers and offer restrictions available via ESPG


"Cologne, June 9, 2023. The executive board of ESPG AG ("ESPG AG" or the "Company"), with the approval of the supervisory board of ESPG AG, has decided to issue a new unsecured bond (ISIN: DE000A351VD7) with a volume of up to Euro 46.626 million, a denomination (nominal amount) of Euro 1,000.00 and a term of three years (bond 2023/2026). The bond bears interest at 9.50% p.a.


The offer for the new bond 2023/2026 will be made by way of a public exchange offer. Under the public exchange offer, holders of the outstanding bond 2018/2023 (ISIN: DE000A2NBY22) can exchange their bonds for the new bond 2023/2026 at a ratio of 1 to 1.


The public exchange offer is directed exclusively at investors who acquire securities for a minimum amount of Euro 100,000.00 per investor.


The public exchange offer, which is expected to be published on the Company's website at www.espg.space/investor_relations/ on June 12, 2023, will commence on June 13, 2023, and is expected to end on June 30, 2023, 6:00 p.m. (CEST) ("Exchange Period"). Like the 2018/2023 bond, the 2023/2026 bond is to be included in the Regulated Unofficial Market of the Frankfurt Stock Exchange."


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