CORESTATE Capital Holding S.A.’s free float now at 41%

09/25/2017
DGAP-News: CORESTATE Capital Holding S.A.’s free float now at 41%
DGAP-News: Corestate Capital Holding S.A. / Key word(s): Miscellaneous

25.09.2017 / 08:42
The issuer is solely responsible for the content of this announcement.

CORESTATE Capital Holding S.A.’s free float now at 41%

Last Wednesday evening 3 million shares for c.157mn were successfully placed in an accelerated bookbuilding process. The transaction will be closed today, Monday 25th September, and the shares transferred to a preselected number of 50 institutional investors who have participated in the bookbuilding process.

Ralph Winter, Founder of CORESTATE (through Flygon Holding LLC) and Christof Meyer were the selling parties. The offer met a high demand and within 1 hour all shares have been fully allocated at a price of EUR 52.40 per share. The offer was 1.6 times oversubscribed despite a moderate discount of only 3% on the closing price.

The free float market capitalization now amounts to almost EUR 440 million (based on Friday closing price). That improved free float in combination with the planned Prime Standard listing should drive the liquidity in the share and its appeal to investors. Furthermore, it is a precondition for an index membership at Deutsche Börse.

IR Contact
Alexander Groschke
Phone: +49 69 3535630-106 / Cell phone: +49 162 2087670
alexander.groschke@corestate-capital.com

PR Contact
Tom Zeller
Phone: +49 69 264867715 / Cell phone: +49 176 10430063
tz@feldhoff-cie.de

About CORESTATE Capital Holding S.A.
CORESTATE Capital Holding S.A. (CORESTATE) is an investment manager and co-investor with approximately EUR 20bn* in assets under management. As a fully integrated real estate platform, CORESTATE offers its clients combined expertise in the areas of investment and fund management as well as real estate management services. The company operates as a respected business partner of institutional clients and wealthy private investors internationally. CORESTATE is headquartered in Luxembourg and has 29 offices including in Frankfurt, London, Madrid, Singapore and Zurich. The company employs over 470 people and is listed in the open market of the Frankfurt Stock Exchange. Further information is available at www.corestate-capital.com.

*at year end 2017

Forward-Looking Statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by our management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of our company and the estimates given here. These factors include those discussed in our public reports, which are available on our website at ir.corestate-capital.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.

-ENDS-