Aggregate Holdings S.A. confirms it has received shares in ADO Properties S.A. in exchange for its holding in Consus Real Estate A.G.
Disclosure of inside information pursuant to Art. 17 EU Market Abuse Regulation (MAR)
Luxembourg, 9 July 2020 – Aggregate Holdings S.A. ("Aggregate") and ADO Properties S.A. ("ADO ") entered into an agreement regarding Consus Real Estate AG (“Consus”) on 15 December 2019.
Pursuant to ADO exercising its call option to acquire a controlling stake in Consus as announced on 29 June 2020, Aggregate confirms that it has transferred 69,619,173 shares in Consus whilst having received 14,692,889 shares in ADO. Together with the 1,946,093 ADO shares received on 2 July 2020 Aggregate has become ADO’s largest shareholder, holding a total of 22.50% of ADO’s voting rights.
Aggregate confirms that it is supportive of ADO’s growth strategy and substantiates its support by having signed a subscription commitment to exercise its pro-rata subscription rights in the EUR 450 million rights issue ADO announced on 2 July 2020.
Aggregate Holdings S.A., Luxembourg