ADO PROPERTIES S.A. (FRA:LU125015) Adler Group S.A.: First Statement on the Report from Viceroy
Transparency directive : regulatory news
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DGAP-News: Adler Group S.A.
/ Key word(s): Statement
Berlin, 06 October 2021 - ADLER Group S.A. ("ADLER") is subject to a report published today by "Viceroy Research", which is related to short-seller Fraser Perring. This report includes allegations which ADLER strongly rejects. A key allegation is that the real estate asset values on ADLER's balance sheet are artificially inflated. This is evidently false. The real estate value set forth in ADLER's balance sheet has been determined by independent market leading real estate property appraisers and confirmed independently by financing banks. Contrary to the report, during the last twelve months ADLER has sold several real estate portfolios with purchase prices above the values accounted for in ADLER's balance sheet. Details have been published previously. Moreover, as reported, ADLER has been approached by a number of institutional investors in the last days and weeks, who want to acquire large parts of the yielding asset portfolio. ADLER is assessing such approaches as part of its ongoing review of strategic options. Therefore, contrary to the report, no default under notes issues by ADLER or any of its subsidiaries has occurred or is continuing. The 61-page report includes numerous other allegations that are false. ADLER is currently preparing a detailed response to these allegations and will comment on them shortly. Investor Relations:
06.10.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
| Language: | English |
| Company: | Adler Group S.A. |
| 1B Heienhaff | |
| 1736 Senningerberg | |
| Luxemburg | |
| Phone: | +352 278 456 710 |
| Fax: | +352 203 015 00 |
| E-mail: | investorrelations@adler-group.com |
| Internet: | www.adler-group.com |
| ISIN: | LU1250154413 |
| WKN: | A14U78 |
| Indices: | SDAX, FTSE EPRA/NAREIT Global Index, FTSE EPRA/NAREIT Developed Europe Index, FTSE EPRA/NAREIT Germany Index |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; London, Luxembourg Stock Exchange, SIX |
| EQS News ID: | 1238889 |
| End of News | DGAP News Service |
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1238889 06.10.2021