Publity AG (XTRA:PBY) planned addition of new majority shareholder in its subsidiary PREOS Global Office Real Estate & Technology AG (XTRA:PAG) and terminates plans to sell its PREOS stake. Portfolio of Luxembourg real estate project developments consisting of an investment holding and a debt fund with a market value expected to exceed €1 billion is to be contributed to gore through a capital increase in kind against issuance of new gore shares. Value to be applied to gore shares is to be determined on basis of stock exchange price and on basis of a company valuation and is expected to be within a range of €2.00 to €3.00 per gore share.

Required shareholders' meeting resolutions for first two steps are planned for beginning of 2022. Value to be applied to the PREOS share is expected to be in a range of €4.50 to €5.50 per share.