OREANDA-NEWS. July 16, 2015.  Ad hoc announcement §15 WpHG 

Deutsche Pfandbriefbank AG / Keyword(s): IPO/Weiteres Schlagwort 

Deutsche Pfandbriefbank AG: IPO of Deutsche Pfandbriefbank AG: Offer price set at 10.75 EUR per share 

Ad hoc announcement transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement.

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WKN:  801900  ISIN: DE0008019001  Land: Deutschland 

THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION OR DISTRIBUTION IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA. 

IPO of Deutsche Pfandbriefbank AG: Offer price set at 10.75 EUR per share 

  -  Total gross volume of placement at around 1,156 million EUR including over-allotment

 - Total number of placed shares amounting to 107,580,245 including 6,589,289 over-allotted shares

  - Trading of shares on the Frankfurt Stock Exchange expected to commence on 16 July 2015

 M?nchen, 15 July 2015 - Today, Hypo Real Estate Holding AG (HRE), jointly with the syndicate banks and the German Federal Agency for Financial Market Stabilisation (Bundesanstalt f?r Finanzmarktstabilisierung, FMSA), has set the offer price for the shares of Deutsche Pfandbriefbank AG (pbb) to be placed in connection with the initial public offering (IPO) at 10.75 EUR per share. 

A total of 107,580,245 shares from the holdings of HRE were placed with 6,589,289 of them being placed in connection with an over-allotment (Over-Allotment Shares).

 Based on the offer price, the total gross volume of placement amounts to approximately 1,156 million EUR (including approximately 71 million EUR due to the over-allotment). Following the IPO, HRE will continue to hold 20% of the share capital of pbb the Greenshoe Option granted to the syndicate banks in respect of the Over-Allotment Shares will be exercised in full; the shareholding may amount to up to 24.9% to the extent the Greenshoe Option will not be exercised. 

Trading of pbb shares (trading symbol PBB / ISIN DE0008019001) is expected to commence on 16 July 2015 in the Prime Standard segment of the Regulated Market of the Frankfurt Stock Exchange.