Peach Property Group AG: Existing hybrid warrant bond to be continued for the time being

[ Report ]

Zürich (pta042/22.05.2023/18:15) - Ad hoc announcement pursuant to Art. 53 LR

* The existing hybrid warrant bond will not be called for the time being
* Outstanding amount of approximately CHF 45.5 million
* Complete repayment intended by one of the next call dates
* Call options on a quarterly basis; next call date on September 22, 2023
* Proceeds of the recently issued convertible bond reserved for repayment

Peach Property Group AG, a real estate investor with an investment focus on residential real estate in Germany, will not call the outstanding amount of the hybrid warrant bond (SWX: PEA231, ISIN: CH0417376040) by the earliest possible call date on June 22, 2023, in line with its capital management and under its considerations of the balance sheet structure. Thus, the outstanding amount of approximately CHF 45.5 million at the close of the half-year continues to affect the balance sheet as equity.

The proceeds of the convertible bond issued in early May 2023 (SWX: PEA234, ISIN: CH1263282522) remain reserved for the complete repayment of the hybrid warrant bond. The Company intends a complete repayment by one of the next call dates. Beginning June 22, 2023, the Company will have quarterly termination options, with the next call date being September 22, 2023.

Contact:

Media, investors, and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer, Reto Garzetti, President of the Board of Directors, Thorsten Arsan, Chief Financial Officer, and Stefan Feller, Head of Investor Relations
+41 44 485 50 18 | investors@peachproperty.com

Media Germany

Edelman Smithfield, Ruediger O. Assion
+49 (0) 221 8282 8111 | mobile: +49 (0) 162 4909624 | ruediger.assion@edelmansmithfield.com

About Peach Property Group AG

Peach Property Group is a real estate investor with an investment focus on residential real estate in Germany. The Group stands for many years of experience, competence, and quality. Innovative solutions that cater to tenants' needs, strong partnerships, and a broad value chain round off the profile while digitalization and sustainability underpin the operational activities. The portfolio consists of high-yield properties, typically in German Tier II cities in the commuter belt of metropolitan areas. The activities, therefore, span the entire value chain, from location evaluation and acquisition to active asset management and the letting or sale of properties.

In addition, the Group develops selected properties in Switzerland to be sold as condominiums, of which the "Peninsula Wädenswil" development project is the final such development project.

Peach Property Group AG has its registered office in Zurich and the Group is headquartered in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer,
Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.

More information at https://peachproperty.com/en/

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