DGAP-News: publity AG / Key word(s): Bond/Corporate Action publity issues information on convertible bond - invitation to the noteholders to participate in a vote without meeting 09.05.2018 / 09:36 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Leipzig, 9 May 2018 - publity AG (Scale, ISIN DE0006972508) informs about the intended exchange of its convertible bond 2015/2020 (ISIN DE000A169GM5) for acquistion rights for a new bond to be issued by the company. For this purpose, publity AG is inviting the noteholders of the publity bond to cast their votes in a vote without meeting. Voting will be from Wednesday, 30 May 2018, 0:00 hours (CEST) to Friday, 1 June 2018, 24:00 hours (CEST). The company's proposal is made in view of the fact that publity agreed on a negative covenant in its bond's terms and conditions not to pay its shareholders any dividends in excess of 50% of the annual net profit disclosed in its respective financial statements. With regard to the 2017 dividend payment, some of the noteholders have expressed the opinion that the dividend distribution violated the negative covenants entered into and as stated above. Some of the noteholders then declared the termination of the notes held by them. In contrast, publity is of the opinion that these terminations are not justified. In order to resolve the current situation in the best interest of all of the noteholders and also in publity's interests, the company has made a proposal to its noteholders to exchange the publity bond for acquisition rights for a new bond. In the course of the exchange, the noteholders will be granted the right to procure new bonds with a nominal amount of 100% of the nominal amount of the current bonds, an unchanged conversion price (as amended under the current bond terms), an unchanged term through to 17 November 2020 and an annual coupon of 7% (plus an additional markup of 3.5% p.a. (i.e., on a pro-rata-temporis basis) for the first six months of the term of the new bond) without further consideration. The company's negative covenants according to section 12 of the bond terms will remain in place unchanged as part of the new bond. The exchange shall be made in order to be able to act flexibly on the capital market also in the coming years and to provide for legal certainty and planing security for all parties involved. The request for vote is available on publity AG's website at http://www.publity.de/en and in the Federal Gazette (Bundesanzeiger) since 8 May 2018. Disclaimer This publication and the request for vote can include forward-looking statements. Forward-looking statements are all statements which do not relate to historical facts or events. This applies in particular to information concerning the company's intentions, convictions or current expectations with regard to its future financial earning capacity, plans, liquidity, perspectives, growth, strategy and profitability as well as the underlying economic conditions to which the company is exposed. The forward-looking statements are based on the company's current forecasts and estimates made according to its best judgement. Any such forward-looking statements are, however, subject to risks and uncertainties, as they are based on future events and assumptions which may not occur in future. The company does not undertake to update or amend the forward-looking statements included in this publication, nor to reflect circumstances which occur after the date of this publication to the extent that these do not constitute insider information with a publication requirement. Contact: Financial press and investor relations: edicto GmbH Axel Mühlhaus/ Peggy Kropmanns Tel.: +49 69 905505-52 E-mail: [email protected] About publity publity AG is an asset manager specialised in German office real estate. The company covers a broad value chain from acquisition to development through to the sale of real estate and has a track record of several hundred successful transactions. publity is characterized by a strong network in the real estate sector as well as by the work out departments of financial institutions, has very good access to investment resources and conducts transactions quickly with a highly efficient process with proven partners. As a co-investor, publity is, to a limited extent, involved in joint venture transactions. The shares of publity AG (ISIN DE0006972508) are traded on the exchange segment Scale of the German stock exchange. --------------------------------------------------------------------------- 09.05.2018 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. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: publity AG Landsteinerstr. 6 04103 Leipzig Germany Phone: 0341 26178710 Fax: 0341 2617832 E-mail: [email protected] Internet: www.publity.de ISIN: DE0006972508, DE000A169GM5 WKN: 697250, A169GM Indices: Scale 30 Listed: Regulated Unofficial Market in Dusseldorf, Frankfurt (Scale), Stuttgart, Tradegate Exchange End of News DGAP News Service --------------------------------------------------------------------------- 684119 09.05.2018