Ad hoc announce­ment - NEON EQUI­TY AG: Sale of the publi­ty invest­ment and fore­cast for the 2024 finan­cial year

Publi­ca­ti­on of insi­de infor­ma­ti­on in accordance with Artic­le 17 of Regu­la­ti­on (EU) No. 596/2014

Frank­furt am Main, Novem­ber 25, 2024 - 2.28 p.m. -NEON EQUI­TY AG (ISIN DE000A3DW408) today con­cluded an agree­ment on the sale of its sta­ke in publi­ty AG. As announ­ced, the com­pa­ny had initia­ted a sales pro­cess as part of its focus on impact inves­t­ing, as the real estate divi­si­on is to be dis­con­tin­ued. The publi­ty invest­ment will be sold to Olek Capi­tal GmbH, a com­pa­ny owned by Mr. Tho­mas Olek, who was a mem­ber of the Exe­cu­ti­ve Board of publi­ty AG from 2002 to 2022. The purcha­se pri­ce amounts to around EUR 9 mil­li­on and will be paid by retur­ning bonds 2024/2029 (ISIN DE000A383C76) of NEON EQUI­TY, which are held by the buy­er, so that NEON EQUI­TY AG will redu­ce its debt by a cor­re­spon­ding amount. The sale of the publi­ty shares was pre­ce­ded by the approach of num­e­rous poten­ti­al buy­ers, with the buy­er offe­ring the hig­hest pri­ce. As a result of the sale of the publi­ty shares, NEON EQUI­TY will rea­li­ze a non-cash book loss of appro­xi­m­ate­ly EUR 134 mil­li­on. The com­pa­ny is curr­ent­ly still working on various tran­sac­tions that could have a signi­fi­cant posi­ti­ve impact on the annu­al result. In recent months, NEON EQUI­TY has achie­ved a book pro­fit of EUR 100 mil­li­on through a major tran­sac­tion, among other things. The equi­ty ratio is expec­ted to be at least 85% at the end of the year. As a result of the tran­sac­tion, NEON EQUI­TY is dis­po­sing of its last invest­ment in the real estate sec­tor and is focu­sing on impact invest­ments in line with its stra­tegy.