Heuking Kühn Lüer Wojtek advises ESTAVIS AG on additional capital measures

A team of commercial law firm Heuking Kühn Lüer Wojtek led by Partners Dr. Thorsten Kuthe, Dr. Karl-Josef Stöhr and Christoph Wagner legally advised ESTAVIS AG on an additional cash and in-kind capital increase.

For the cash capital increase, around 1.3 million shares at a price of EUR 1.80 per share will be placed with selected investors in exclusion of the subscription right of the share-holders. The capital increase has already been subscribed in full, the company's pro-ceeds from the issue will be EUR 2,325,000.00.

Additionally, a real estate portfolio is to be acquired as an in-kind capital increase. About 2 million shares will be issued for the acquisition of 94 percent of the portfolio by trans-ferring a limited partnership interest. The capital measures will be carried out in addition to the company's previously announced capital measures and serve the further expansion of operational business.

ESTAVIS AG, headquartered in Berlin, is a publicly traded real estate company special-izing in residential real estate in Germany. The company is listed on Frankfurt Stock Ex-change's Prime Standard (German securities code WKN A0KFKB). Its business activities concentrate on the strategic development and management of a cash flow positive real estate portfolio. In addition, wholly-owned subsidiary Accentro GmbH specializes in marketing its own residential real estate portfolio and in privatization services for other large real estate companies.

ESTAVIS AG has been advised by Heuking Kühn Lüer Wojtek on a regular basis since 2007, including on a convertible bond issue last year.

Counsel to ESTAVIS AG
Heuking Kühn Lüer Wojtek, Cologne:

Dr. Thorsten Kuthe,
Madeleine Zipperle (both Capital Market Law)
Heuking Kühn Lüer Wojtek, Berlin:
Dr. Karl-Josef Stöhr,
Christoph Wagner (both Real Estate Law)

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