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The subscription period of the SeniVita Sozial gemeinnützige GmbH participation certificates begins today. The participation certificates with the ISIN DE000A1XFUZ2 can be subscribed from today until 23 May 2014, subject to early termination of subscription. The participation certificates have a par value of €1,000 and a total volume of up to €25 million. They have an indefinite maturity. The participation certificates offer a basic interest rate of up to 7% as well as a variable profit-based payment. Distributions are paid annually on 27 May, beginning on 27 May 2015.
The company plans to list the participation certificates in the Quotation Board of the Frankfurt Stock Exchange. Trading is planned to commence on 27 May 2014. Applicant and specialist is ICF Kursmakler AG.
“We are pleased that with the planned issue of SeniVita Sozial gemeinnützige GmbH we can offer investors subscription to participation certificates for the first time. This hybrid equity/bond investment instrument is a certificate of participation with no voting right which guarantees rights to assets and can thus serve as an alternative investment form for investors,” noted Dr Cord Gebhard, Head of Primary Markets at Deutsche Börse AG.
SeniVita Sozial gemeinnützige GmbH was formed in Bayreuth in 2009 and has 940 employees. It finances, constructs, acquires and operates facilities for elderly care, paediatric nursing and disabled assistance, and is supported by the SeniVita Group sister companies.
Investors can find information on subscription and company figures at www.boerse-frankfurt.de/entrystandardanleihen.
