22.11.2021 - 20:14:47

CPI PROPERTY GROUP - Capital increase

CPI PROPERTY GROUP (soci?t? anonyme) 40, rue de la Vall?e L-2661 Luxembourg R.C.S. Luxembourg: B 102 254Ad hoc disclosure of inside information according to Article 17 of the EU Market Abuse Regulation

Luxembourg, 22 November 2021CPI PROPERTY GROUP - Capital increase

CPI PROPERTY GROUP ("CPIPG" or the "Group") issues this announcement in relation to the issuance of 487,012,987 new ordinary shares of CPIPG priced at ?0.616/share. CPIPG and funds (the "Apollo Funds") managed by affiliates of Apollo Global Management, Inc. (together with its consolidated subsidiaries, "Apollo") have agreed upon Apollo's subscription for new shares for a total amount of ?300 million. Subject to the satisfaction of certain closing conditions, CPIPG expects that the new shares will be issued to the Apollo Funds before the end of 2021, resulting in a stake of about 5.5%.

The Group's majority shareholder and founder Radovan Vitek also subscribed to 243,506,494 new ordinary shares of CPIPG at ?0.616/share, increasing the Group's equity by a further ?150 million. Following this capital increase, Mr. Vitek owns 7,902,846,980 CPIPG's shares representing 93.90 % of share capital (94.66% of voting rights). CPIPG's share capital was increased today from ?817,239,581.70 to ?841,590,231.10, represented by 8,415,902,311 ordinary shares.

Proceeds from the ordinary share issuances will be used for acquisitions and deleveraging, consistent with CPIPG's strategy to grow our portfolio while maintaining a conservative financial profile.

CPIPG has not paid dividends in the past. To accommodate Apollo as a new equity investor and further regularize the Group's equity shareholder distributions, CPIPG will increase our FFO I distribution target from 50% to 65% beginning in 2022. Distributions are expected to be made via share buy-backs offered to shareholders annually.

Notifying Person:

David Greenbaum Chief Financial Officer d.greenbaum@cpipg.com

22-Nov-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.dgap.de

Language: English Company: CPI PROPERTY GROUP 40, rue de la Vall?e L-2661 Luxembourg

Luxemburg Phone: +352 264 767 1 Fax: +352 264 767 67 E-mail: contact@cpipg.com Internet: www.cpipg.com ISIN: LU0251710041 WKN: A0JL4D Listed: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Dusseldorf, Stuttgart EQS News ID: 1251163 ? End of Announcement DGAP News Service


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