Convertible bond with a volume of CHF 50 million subscribed

Ad hoc announcement pursuant to Art. 53 LR

* Convertible bond receives positive response: subscriptions of CHF 50 million, of which approx. CHF 37 million new subscriptions and approx. CHF 13 million by investors of the hybrid warrant bond (SWX: PEA231; ISIN: CH0417376040)
* Coupon 3% p.a.
* Maturity until May 2026
* Issue price: 100%
* Conversion price: CHF 15

Peach Property Group AG, a real estate investor with an investment focus on residential real estate in Germany, has successfully placed the convertible bond with a volume of CHF 50 million, which was resolved on March 21, 2023, on the market. Of the subscribed volume, approx. CHF 37 million is attributable to new subscriptions and approx. CHF 13 million to subscriptions by investors in the existing hybrid warrant bond (SWX: PEA231; ISIN: CH0417376040). They can convert their bonds at a ratio of 1:1 of the nominal value, plus accrued interest.

Overview of the convertible bond

The new convertible bond provides for an annual interest coupon of 3 percent and has a conversion price of CHF 15, with a maturity date of May 16, 2026. The issue price of the convertible bond amounts to 100 percent of the nominal value. Interest will be paid annually, for the first time on May 16, 2024. Following the reduction in nominal value to CHF 1 as proposed at this year’s Annual General Meeting, the conversion of the convertible bond can be carried out annually during the bond’s term within two conversion windows of five trading days each into shares of Peach Property Group AG (SWX: PEAN) at a conversion price of CHF 15. The bond can be converted for the first time on December 15, 2023. Depending on the actual volume converted, Peach Property Group AG will issue up to a maximum of around 3.3 million new shares with a nominal value of CHF 1 each during the bond’s term from the conditional capital. This would correspond to approximately 16 percent of today’s outstanding share capital of the Company.

Contact:

Media, investors, and analysts

Dr. Thomas Wolfensberger, Chief Executive Officer, Reto Garzetti, President of the Board of Directors, Thorsten Arsan, Chief Financial Officer, and Stefan Feller, Head of Investor Relations
+41 44 485 50 18 | investors@peachproperty.com

Media Germany

Edelman Smithfield, Ruediger O. Assion
+49 (0) 221 8282 8111 | mobile: +49 (0) 162 4909624 | ruediger.assion@edelmansmithfield.com

About Peach Property Group AG

Peach Property Group is a real estate investor with an investment focus on residential real estate in Germany. The Group stands for many years of experience, competence, and quality. Innovative solutions that cater to tenants’ needs, strong partnerships, and a broad value chain round off the profile while digitalization and sustainability underpin the operational activities. The portfolio consists of high-yield properties, typically in German Tier II cities in the commuter belt of metropolitan areas. The activities, therefore, span the entire value chain, from location evaluation and acquisition to active asset management and the letting or sale of properties.

In addition, the Group develops selected properties in Switzerland to be sold as condominiums, of which the “Peninsula Wädenswil” development project is the final such development project.

Peach Property Group AG has its registered office in Zurich and the Group is headquartered in Cologne. Peach Property Group AG is listed on SIX Swiss Exchange (PEAN, ISIN CH0118530366). Its Board of Directors consists of Reto Garzetti (President), Peter Bodmer,
Dr. Christian De Prati, Kurt Hardt and Klaus Schmitz.

More information at https://peachproperty.com/en/