alstria office REIT-AG: Compensation payment due to minority shareholders at the termination of the REIT status equal to EUR 2.81 per share

EQS-Ad-hoc: alstria office REIT-AG / Key word(s): Miscellaneous alstria office REIT-AG: Compensation payment due to minority shareholders at the termination of the REIT status equal to EUR 2.81 per share 13-Dec-2024 / 17:48 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. Compensation payment due to minority shareholders at the termination of the REIT status equal to EUR 2.81 per share

Hamburg, December 13, 2024 - alstria office REIT-AG (symbol: AOX, ISIN: DE000A0LD2U1) ("alstria" or the "Company") announces that today, the compensation payment, which according to Section 20 of the Company's articles of association in the event of the termination of the tax exemption to shareholders who, at the time of the termination of the tax exemption, hold less than 3% of the voting rights in the Company (“Free Float Shareholders”), was set at EUR 2.81 per share (“Compensation Payment”). 

On September 18, 2024, the Company has already announced that alstria will not be compliant with the requirements under the Act on German Real Estate Stock Corporations with Listed Shares (REIT-Gesetz, REITG) and is therefore expected to lose its status as a REIT stock corporation on December 31, 2024, as alstria received a demand from BPG Holdings Bermuda Limited, a subsidiary of Brookfield Corporation, pursuant to Sections 327a et seq. of the German Stock Corporation Act (Aktiengesetz, AktG) and the Squeeze Out under stock corporation law initiated by this excludes any alternative option of restoring the distribution of shares of at least 15% in free float required for a REIT stock corporation (Sections 11 para. 1, 18 para. 3 REITG).

Pursuant to Article 20 of the Company’s articles of association, Free Float Shareholders are entitled to a compensation which shall be the disadvantage in terms of distributions that results from the termination of the tax exemption pursuant to Section 18 para. 3 REITG considering the tax benefits of the shareholders on a lumpsum basis and shall be determined with binding effect for the shareholders by an auditor determined by the Institute of Auditors in Germany e.V. (IDW).