Peach Property Group AG: Interest payment for the hybrid warrant bond deferred and bond to be continued

[ Report ]

Zürich (pta006/13.09.2023/07:00) - Ad hoc announcement pursuant to Art. 53 LR

* Interest payment for the outstanding hybrid warrant bond will be deferred
* Despite the continuation, full redemption is intended for one of the next quarterly call dates
* The next possible call date is 22 December 2023
* With this decision, the company is monitoring the development of the interest and real estate markets and further optimising the liquidity structure

The Board of Directors of 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 around CHF 45.5 million of the perpetual hybrid warrant bond (SWX: PEA231, ISIN: CH0417376040) as of the interest payment date on 22 September 2023. The perpetual hybrid warrant bond will thus be continued for the time moment. The interest accrued in the last quarter will be deferred in accordance with the bond's terms and conditions and will not be paid for the time being. Future interest payments under the bond will also be deferred until the company decides to pay a dividend at a general meeting of shareholders or another mandatory payment event occurs in accordance with the terms and conditions of the bond.

Accordingly, the outstanding amount of the perpetual hybrid warrant bond remains on the balance sheet as equity. The company plans to redeem the perpetual hybrid warrant bond in full on one of the next call dates. The next possible call date is 22 December 2023.

With the decision, the company aims to monitor the development of the interest rate and real estate market in the coming months and to further optimise the liquidity structure of the Group.

Contact:

Media, investors, and analysts

Thorsten Arsan, Chief Financial Officer
+41 44 485 50 18 | investors@peachproperty.com

Media Germany

Feldhoff & Cie
Anke Sostmann, Executive Director
+49 159 04028505 | as@feldhoff-cie.de

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 and Executive Chairman), Peter Bodmer, Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.

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

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