Elbstein AG announces mandatory offer

DJ PTA-Adhoc: ERWE Immobilien AG: Elbstein AG announces mandatory offer

Disclosure of inside information in accordance with Article 17 MAR

Frankfurt (pta022/06/10/2022/14:50) – * Acquisition of control by a major shareholder and announcement of the submission of a mandatory offer * Mandatory offer is also intended as a delisting acquisition offer to enable the revocation of the admission of the shares of ERWE Immobilien AG to stock exchange trading in the regulated market of Frankfurt serve stock exchange

Frankfurt/M., June 10, 2022. The shareholder Elbstein AG, Brook 1, 20457 Hamburg, entered in the commercial register of the Hamburg District Court under HRB 107610 (Bidder), has sold ERWE Immobilien AG (ISIN: DE000A1X3WX6), Frankfurt am Main (ERWE ) on June 10, 2022, that by registering the implementation of a capital increase at ERWE from EUR 18,219,214.00 by EUR 6,343,708.00 to EUR 24,562,922.00 on June 8, 2022 (new share capital ) has gained control of ERWE in the commercial register of the Local Court of Frankfurt am Main pursuant to Section 35 (1) in conjunction with Section 29 (2) WpÜG.

After implementation of the capital increase, the Bidder directly holds 8,193,794 shares in ERWE, which corresponds to 33.36% of the new share capital and the voting rights in ERWE. In addition, 101,000 shares in HCK Wohnimmobilien GmbH are attributable to the Bidder pursuant to section 30 (1) no. 1 WpÜG. The Bidder holds approximately 94.4% of the shares in HCK Wohnimmobilien GmbH, which qualifies it as a subsidiary of the Bidder within the meaning of Section 2 (6) WpÜG. After the capital increase has been carried out, the Bidder holds a total of 8,294,794 shares in ERWE directly and indirectly, which corresponds to approx. 33.77% of the share capital and the voting rights of ERWE.

The Bidder and HCK Wohnimmobilien GmbH do not hold any further voting rights in ERWE that can be attributed pursuant to Section 30 WpÜG beyond the share of voting rights mentioned above.

After the publication of the offer document has been approved by the Federal Financial Supervisory Authority (BaFin), in fulfillment of its obligation and at the same time the obligation of HCK Wohnimmobilien GmbH towards all shareholders of ERWE pursuant to Section 35 para submit the statutory minimum price. The bidder intends to submit the mandatory offer at the same time as a delisting acquisition offer to enable the revocation of the admission of the ERWE shares to trading on the Regulated Market of the Frankfurt Stock Exchange pursuant to Section 39 of the Stock Exchange Act.

The mandatory offer and delisting purchase offer will be carried out according to the terms to be set out in the offer document, whereby the bidder reserves the right to deviate from the key data presented here in the offer document, insofar as this is legally permissible.

This Offer Document will be published by the Bidder on the Internet at pursuant to Sections 35 (2) sentence 2 and 14 (3) sentence 1 WpÜG. In addition, a reference to the publication of the offer document in the Federal Gazette will be published.

ERWE Immobilien AG focuses on building up a profitable portfolio of mixed-use properties in the office, retail, hotel and residential sectors. Preferred locations are promising inner-city locations in major German cities and in exclusively “A” locations in smaller towns and communities. Properties are acquired whose potential for increasing value can be exploited sustainably through new usage concepts, so that a high-yield, valuable portfolio with significantly increasing income is created. The company is listed in Frankfurt on the Regulated Market (Prime Standard) and on the stock exchanges in Frankfurt a. M. (XETRA), Berlin, Düsseldorf and Stuttgart over the counter (ISIN: DE000A1X3WX6).

If you have any questions, please contact:

german communications AG

Jorg Bretschneider

Milchstr. 6 B

20148 Hamburg

T. +49-40-4688330, F. +49-40-46883340

[email protected]

ERWE Immobilien AG

Hans-Christian Haas

Herriotstraße 1

60528 Frankfurt

T.+49-69-96 376 869-25, F. +49-69 96 376 869-30

[email protected]


Sender: ERWE Immobilien AG Address: Herriotstraße 1, 60528 Frankfurt Country: Germany Contact person: Hans-Christian Haas Tel.: +49 69 96376869 25 E-mail: [email protected] Website: www.erwe-ag. com

ISIN(s): DE000A1X3WX6 (share) Stock exchanges: Regulated market in Frankfurt; Freiverkehr in Stuttgart, Freiverkehr in Düsseldorf; Free market in Berlin

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(END) Dow Jones Newswires

June 10, 2022 8:50 AM ET (12:50 GMT)