ADLER REAL ESTATE AG
EQS Related Party Transactions announcement: ADLER Real Estate AG
/ Release of an announcement according to Article 111c of the AktG [the German Stock Corporation Act]
Disclosure of Material Transactions with Related Parties in Accordance with Section 111c German Stock Corporation Act (Aktiengesetz, AktG) ADLER Real Estate Aktiengesellschaft, Berlin Today, ADLER Real Estate Aktiengesellschaft (the “Company”) signed a loan agreement on the granting of a loan in an amount of up to EUR 75 million and a term until June 30, 2025 to its majority shareholder Adler Group S.A. (“Adler Group”), approved by the supervisory board according to sec. 111b para. 1 AktG. Adler Group holds 96.90% of the shares in the Company and is therefore a related party pursuant to sec. 111a para. 1 AktG. The interest rate of the loan will be 13% p.a. No granting of security was required as the Company can always set off its receivable against Adler Group with the loan receivable currently in the amount of approx. EUR 235 million Adler Group owns against the Company. By granting the loan to Adler Group at an arm's length interest rate, the Company’s excess liquidity is used efficiently and stands up to an arm's length comparison.
Berlin, July 3rd, 2023
ADLER Real Estate Aktiengesellschaft Management Board
03.07.2023 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | ADLER Real Estate AG |
| Am Karlsbad 11 | |
| 10785 Berlin | |
| Germany | |
| Internet: | www.adler-ag.com |
| End of News | EQS News Service |
1671699 03.07.2023 CET/CEST
