Readcrest Capital AG Announces Convertible Bond Issuance Excluding Shareholders' Rights

Readcrest Capital AG has taken decisive action by issuing two convertible bonds without shareholders' subscription rights. This move, announced on October 6, 2025, is geared towards strategic realignment in the real estate sector. The first bond, a non-interest-bearing mandatory convertible bond, has a nominal value of EUR 29 million. It is linked to Midgard and CFS contributing their interests in RC Stadtentwicklung GmbH to Readcrest. This includes assets in Dresden, Halle, and Magdeburg.

The second bond, termed CB 2025/2030, has a nominal value of EUR 5 million with a 5% annual interest rate over five years. It aims to enhance Readcrest's strategic repositioning as a real estate entity. Proceeds are intended to support property project developments. Conversion into shares is possible under specific conditions, emphasizing Readcrest’s commitment to real estate growth.