FCR Immobilien announces a capital increase and a segment change on the Frankfurt Stock Exchange. The real estate company’s share is currently listed there in the scale segment and is due to switch to the General Standard on October 29th. As part of the capital increase, FCR Immobilien will offer up to more than 1.3 million new shares. The Munich-based company want to place the shares at a subscription price of EUR 10.80.
The subscription period runs from October 30. until November 13, 2020, the offer period until November 16, 2020 at 12 noon. “As part of the public offering, the shares can be subscribed from November 2nd, 2020 via the DirectPlace subscription functionality of the Frankfurt Stock Exchange and via direct banks,” said FCR on Friday afternoon. Shareholders can purchase a new one for seven old shares. The subscription rights should not be traded, but an oversubscription is possible, according to the real estate company.
With the issue proceeds of up to more than 14 million euros, FCR Immobilien intends to expand its own portfolio of properties.
At a glance – chart and news: FCR real estate