Deutsche Konsum REIT-AG to Hold Extraordinary General Meeting for Restructuring Capital Increase

Deutsche Konsum REIT-AG will hold an Extraordinary General Meeting on 4 December 2025 as an in-person event in Berlin. At this meeting, shareholders will be asked to resolve on the restructuring capital increase, which represents a key measure of the restructuring concept developed together with FTI-Andersch AG and presented on 1 September 2025. The restructuring capital increase is planned to be carried out as a mixed cash and contribution in kind capital increase with subscription rights, involving receivables from registered and convertible bonds with a volume of up to approximately EUR 120 million to be contributed as contribution in kind.

The Federal Financial Supervisory Authority has granted the necessary exemption from the obligation to publish and submit a mandatory takeover offer under the German Securities Acquisition and Takeover Act. This restructuring exemption applies in the event that the Versorgungsanstalt des Bundes und der Lander or companies affiliated with VBL gain control of the Company as part of the restructuring capital increase. This regulatory approval represents a significant milestone in the company's restructuring efforts and provides the necessary framework for the proposed capital restructuring to proceed.

The restructuring concept, which was developed in collaboration with FTI-Andersch AG, aims to stabilize the company's financial position and provide a foundation for future operations. The mixed cash and contribution in kind approach allows for flexibility in how the capital increase is structured, potentially enabling bondholders to convert their holdings into equity as part of the restructuring process. This method can help reduce the company's debt burden while simultaneously strengthening its equity base.

The approval from BaFin for the restructuring exemption is particularly important as it removes a potential regulatory obstacle that could have complicated the restructuring process. Without this exemption, the acquisition of control by VBL or its affiliated companies through the capital increase would have triggered mandatory takeover offer requirements under German securities law. The exemption streamlines the restructuring process and provides greater certainty for all stakeholders involved in the transaction.

The Extraordinary General Meeting represents a critical juncture for Deutsche Konsum REIT-AG as it seeks shareholder approval for these fundamental restructuring measures. The successful implementation of the restructuring capital increase could provide the company with the financial stability needed to continue its operations and pursue its strategic objectives in the German retail property market. The outcome of the December meeting will significantly influence the company's ability to execute its restructuring plan and position itself for future growth and stability in the challenging real estate environment.