05.02.2015 21:27:47

DGAP-News: Primecity Investment Plc: Proposed tap issue of convertible bonds by EUR 50 million

Primecity Investment Plc: Proposed tap issue of convertible bonds by EUR 50 million

Primecity Investment Plc / Schlagwort(e): Sonstiges/Extra keyword

05.02.2015 21:27

Veröffentlichung einer Corporate News, übermittelt durch DGAP - ein Service

der EQS Group AG.

Für den Inhalt der Mitteilung ist der Emittent / Herausgeber verantwortlich.

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THIS ANNOUNCEMENT IS NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR

INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR SOUTH

AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD

BE UNLAWFUL.

PrimeCity Investment plc

Proposed tap issue of convertible bonds by EUR 50 million

February 5, 2015 - PrimeCity Investment plc (the "Company") announces today

that it is considering, subject to market condition, carrying out a tap

issue of the Company's 4%, senior, secured convertible bonds convertible

into new and/or existing ordinary shares having a par value of EUR 0.10

(the "Shares") of the Company ("Convertible Bonds") by issuing additional

Convertible Bonds with a total nominal value of EUR 50 million ("Further

Convertible Bonds"). The total aggregate principal amount of the

Convertible Bonds will thereby increase to EUR 150 million. The Further

Convertible Bonds will be issued at an offer price to be determined by a

bookbuilding process.

The net proceeds will be used to fund the Company's acquisitions and

investment into the existing hotel portfolio.

The Company intends to apply for the inclusion of the Further Convertible

Bonds to trading on the Open Market (Freiverkehr) of the Frankfurt Stock

Exchange.

The Further Convertible Bonds will be placed only to institutional

investors in selected European countries in reliance on Regulation S of the

US Securities Act 1933, as amended, by way of a private placement. There

will be no public offering. The Further Convertible Bonds will be merged

with the existing Convertible Bonds and will form a single series under the

existing ISIN XS1137260086.

About PrimeCity Investment

The Company (ISIN: CY0104972217) is a public limited liability company

incorporated under the laws of Cyprus, having its registered office at

Faros Avenue, Spyros Thalassines Alkyonides - Percolia PC 7560 Larnaca,

Cyprus and being registered with the registrar of companies in Cyprus under

number HE 151151.

The Company is a specialist hotel investment company focused on investing

in and repositioning mismanaged Hotel portfolios primarily in Germany. The

hotel properties are located in key locations which enjoy high tourism,

business and exhibitions, such as Berlin, Frankfurt, Dresden, Düsseldorf,

Baden-Baden and Leipzig. For more information please refer to the Company's

website www.prime-city.com.

Contact:

Christian Hupfer (CFO)

PrimeCity Investment Plc

Shop2, Faros Avenue

Spyros Thalassines Alkyonides

Percolia PC 7560, Larnaca - CYPRUS

www.prime-city.com

Disclaimer:

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION

OF AN OFFER TO BUY ANY SECURITIES.

THE SECURITIES MENTIONED IN THIS ANNOUNCEMENT HAVE NOT BEEN, AND WILL NOT

BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED

(THE "SECURITIES ACT"), AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES

ABSENT REGISTRATION OR AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES

ACT. THERE WILL BE NO PUBLIC OFFERING OF THE SECURITIES IN THE UNITED

STATES.

THIS ANNOUNCEMENT IS DIRECTED AT AND IS ONLY BEING DISTRIBUTED IN THE

UNITED KINGDOM TO (I) PERSONS WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS

RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL

SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER 2005 (THE

"ORDER"), (II) HIGH NET WORTH ENTITIES, AND OTHER PERSONS TO WHOM IT MAY

OTHERWISE LAWFULLY BE COMMUNICATED FALLING WITHIN ARTICLE 49 OF THE ORDER,

AND (III) PERSONS TO WHOM IT MAY OTHERWISE LAWFULLY BE COMMUNICATED (ALL

SUCH PERSONS TOGETHER BEING REFERRED TO AS "RELEVANT PERSONS"). THIS

COMMUNICATION MUST NOT BE READ, ACTED ON OR RELIED ON BY PERSONS WHO ARE

NOT RELEVANT PERSONS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS

ANNOUNCEMENT RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL BE

ENGAGED IN ONLY WITH RELEVANT PERSONS.

IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA"), THIS ANNOUNCEMENT

AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED ONLY AT PERSONS WHO ARE

"QUALIFIED INVESTORS" WITHIN THE MEANING OF ARTICLE 2(1)(E) OF DIRECTIVE

2003/71/EC, AS AMENDED (THE "PROSPECTUS DIRECTIVE") ("QUALIFIED

INVESTORS"). ANY PERSON IN THE EEA WHO ACQUIRES THE SECURITIES IN ANY OFFER

(AN "INVESTOR") OR TO WHOM ANY OFFER OF THE SECURITIES IS MADE WILL BE

DEEMED TO HAVE REPRESENTED AND AGREED THAT IT IS A QUALIFIED INVESTOR. ANY

INVESTOR WILL ALSO BE DEEMED TO HAVE REPRESENTED AND AGREED THAT ANY

SECURITIES ACQUIRED BY IT IN THE OFFER HAVE NOT BEEN ACQUIRED ON BEHALF OF

PERSONS IN THE EEA OTHER THAN QUALIFIED INVESTORS, NOR HAVE THE SECURITIES

BEEN ACQUIRED WITH A VIEW TO THEIR OFFER OR RESALE IN THE EEA TO PERSONS

WHERE THIS WOULD RESULT IN A REQUIREMENT FOR PUBLICATION BY THE COMPANY OR

ANY OF THE MANAGERS OF A PROSPECTUS PURSUANT TO ARTICLE 3 OF THE PROSPECTUS

DIRECTIVE.

THIS ANNOUNCEMENT MAY CONTAIN PROJECTIONS OR ESTIMATES RELATING TO PLANS

AND OBJECTIVES RELATING TO OUR FUTURE OPERATIONS, PRODUCTS, OR SERVICES,

FUTURE FINANCIAL RESULTS, OR ASSUMPTIONS UNDERLYING OR RELATING TO ANY SUCH

STATEMENTS, EACH OF WHICH CONSTITUTES A FORWARD-LOOKING STATEMENT SUBJECT

TO RISKS AND UNCERTAINTIES, MANY OF WHICH ARE BEYOND THE CONTROL OF

PRIMECITY INVESTMENT PLC. ACTUAL RESULTS COULD DIFFER MATERIALLY, DEPENDING

ON A NUMBER OF FACTORS.

05.02.2015 Die DGAP Distributionsservices umfassen gesetzliche

Meldepflichten, Corporate News/Finanznachrichten und Pressemitteilungen.

DGAP-Medienarchive unter www.dgap-medientreff.de und www.dgap.de

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