VERIANOS decides to increase share capital without subscription rights
- Capital increase to strengthen Verianos’s already strong capital position and fund further growth
- Senior advisors Dr. Piero Munari and Dr. Frank Pörschke to be appointed to the board of directors after the transformation of VERIANOS into a European Company (SE)
Cologne/Frankfurt am Main, 27.01.2020 – The Executive Board of VERIANOS Real Estate Aktiengesellschaft (“VERIANOS”, the “company”), a listed real estate company (ISIN: DE000A0Z2Y48, WKN: A0Z2Y4) operating at the interface between the real estate and capital markets, today resolved – subject to the approval of the Supervisory Board – to increase the share capital excluding subscription rights. As a result, 1,125,000 new registered no par value shares are to be issued against cash contributions.
The target group of the capital increase are further strategic investors associated with the company. VERIANOS would receive gross proceeds of up to EUR 1,462,500 from this capital increase. The new shares will be issued by way of a capital increase from the authorized capital approved by the Annual General Meeting on 19 July 2018. As a result of the capital increase, the company’s share capital will rise from EUR 11,375,000 to EUR 12,500,000. The capital increase would strengthen VERIANOS’s already strong capital position and the proceeds would be used to finance further growth.
In addition, the Executive Board of VERIANOS Real Estate Aktiengesellschaft will be reduced to two members. As of 31.03.2020, Jost-Albrecht Nies, current Executive Board member, will leave the company at his own request and by mutual agreement. As a result, the Executive Board will be composed of Diego Fernández Reumann and Tobias Bodamer.
Dr. Piero Munari and Dr. Frank Pörschke, who are already Senior Advisors to the company, are to join the “one-tier” VERIANOS Board of Directors following the completion of the conversion into a Societas Europaea (SE).
After working for Deutsche Bank, JPMorgan and SwissRE, among others, Dr. Piero Munari spent more than 10 years in the UniCredit Group, most recently as Global Head Investor of Relations. He was appointed to the Board of Directors of VERIANOS SE at the Annual General Meeting 2019.
Dr. Frank Pörschke has served on various supervisory boards and committees since leaving Jones Lang LaSalle as Germany CEO and President EMEA Markets. Prior to that, he was Speaker of Management Boards of Eurohypo AG and CommerzReal AG, among others. He is to be proposed for election to the Board of Directors of VERIANOS SE at the Annual General Meeting 2020.
VERIANOS is a listed real estate company with headquarters in Cologne and offices in Frankfurt, Luxembourg, Madrid, Milan and Valencia. The company sees itself as a real estate partnership that acts for its customers at the interface of real estate and capital markets. With its business units Investment and Advisory, VERIANOS realises customised investment products and ambitious advisory and financing mandates for its clients.
Further information on VERIANOS Real Estate Aktiengesellschaft is available on www.verianos.com.
This publication constitutes neither an offer to sell nor a solicitation to buy any securities.
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