DGAP-News: The Grounds Real Estate Development AG issues convertible bond with a volume of up to EUR 12 million - commitments amounting to EUR 5 million have already been received


 

DGAP-News: The Grounds Real Estate Development AG / Key word(s): Corporate Action
The Grounds Real Estate Development AG issues convertible bond with a volume of up to EUR 12 million - commitments amounting to EUR 5 million have already been received

27.01.2021 / 08:07
The issuer is solely responsible for the content of this announcement.


CORPORATE NEWS

The Grounds Real Estate Development AG issues convertible bond with a volume of up to EUR 12 million - commitments amounting to EUR 5 million have already been received

- Issue of a convertible bond with shareholders' subscription rights, with a volume of up to EUR 12 million and with an interest rate of 6% and a three-year term

- The conversion price amounts to EUR 3.20 per share

- Major shareholders have already promised commitment of EUR 5 million

- Use of proceeds: investments in further enlargement of the residential property portfolio

Berlin, 27.01.2021 -The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) is issuing a convertible bond with shareholders' subscription rights and a volume of up to EUR 12 million divided into bonds, each with a nominal value of EUR 1,000. Major shareholders of The Grounds have already issued commitments amounting to EUR 5 million. Existing shareholders have submitted declarations stating that they do not wish to exercise any subscription rights, so that the subscription offer still relates to a volume of EUR 4,529,000 and will be carried out without a prospectus with a basic information sheet.

The convertible bonds have a term of 3 years, and will bear interest with a coupon of 6.00% per annum. The conversion price amounts to EUR 3.20 per share, and thus the initial conversion premium measured at the closing price on 26 January 2021 is 23%.

The corresponding subscription offer is to be published in the Federal Gazette on 29 January 2021. Immediately following the planned subscription period scope from 1 February 2021 to 15 February 2021, The Grounds will begin private placement among institutional investors. After completion of the private placement, The Grounds will announce the issue volume. The intention is for the convertible bond to be included for trading in the open market segment Quotation Board of Frankfurt Stock Exchange in mid-February 2021. The transaction will be accompanied by Quirin Privatbank AG.

Commenting on the issue of the convertible bond, Management Board member Arndt Krienen says: "The successful placement of the convertible bond enables us to take the next step for growth, and gives the go-ahead for the company to be made better-known in the capital market. As the first step, we plan to acquire additional real estate property projects for the portfolio and privatisation in the area around Berlin."

Company contact:
The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, members of the Management Board
Charlottenstrasse 79-80, 10117 Berlin, Germany
Tel.: +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849
E-mail: [email protected]
Web: www.thegroundsag.com

Investor Relations:
UBJ GmbH
Ingo Janssen, Management Director
Haus der Wirtschaft, Kapstadtring 10
22297 Hamburg, Germany
Tel.: +49 (0) 40 6378 5410
E-mail: [email protected]
Web: www.ubj.de

Press contact:
RUECKERCONSULT GmbH
Peter Dietze-Felberg
Wallstrasse 16
10179 Berlin, Germany
Tel.: +49 (0) 30 284 49 87 62
E-mail: [email protected]
Web: www.rueckerconsult.de

About The Grounds

The Grounds Group implements residential projects in German metropolitan regions. Furthermore, The Grounds Group holds a steadily growing residential portfolio in its fixed assets. The Grounds Real Estate Development AG is listed in the upper open market segment primary market of Düsseldorf Stock Exchange (ISIN: DE000A2GSVV5), and has its headquarters in Berlin and an office in Stuttgart.



27.01.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: The Grounds Real Estate Development AG
Charlottenstraße 79-80
10117 Berlin
Germany
Phone: 030 2021 6866
Fax: 030 2021 6489
E-mail: [email protected]
Internet: www.thegroundsag.com
ISIN: DE000A2GSVV5
WKN: A2GSVV
Listed: Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Tradegate Exchange
EQS News ID: 1163510

 
End of News DGAP News Service

1163510  27.01.2021 

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Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 18,95 31,10 13,94 31,26 31,59 36,75 22,50
EBITDA1,2 1,36 11,40 2,00 6,16 9,34 3,56 4,20
EBITDA-Marge3 7,18 36,66 14,35 19,71 29,57 9,69
EBIT1,4 1,35 11,37 1,97 6,10 9,17 3,36 -5,30
EBIT-Marge5 7,12 36,56 14,13 19,51 29,03 9,14 -23,56
Jahresüberschuss1 1,20 4,19 0,05 4,01 5,07 1,19 -7,00
Netto-Marge6 6,33 13,47 0,36 12,83 16,05 3,24 -31,11
Cashflow1,7 -15,82 -11,03 13,28 -24,03 7,00 -12,45 0,00
Ergebnis je Aktie8 0,08 0,23 0,00 0,22 0,29 0,07 -0,39
Dividende8 0,00 0,00 0,00 0,00 0,00 0,00 0,00
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Buschmann & Bretzel

INVESTOR-INFORMATIONEN
©boersengefluester.de
The Grounds Real Estate Dev.
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A2GSVV 0,615 10,95
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
30,75 16,55 1,81 8,79
KBV KCV KUV EV/EBITDA
0,42 - 0,30 24,96
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,00 0,00 0,00 04.07.2023
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
22.09.2023 29.04.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-13,50% -31,21% -25,90% -56,99%
    
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Immobilien (Wohn) , A2GSVV , AMMN , XETR:AMMN