Emira increases stake in DL Invest to 45%

Castleview's subsidiary, Emira Property Fund, is set to increase its interest in DL Invest through a Tranche 2 Subscription, effective March 20, 2025. Emira will subscribe for 113 B Shares and 113 Linked Loan Notes for EUR44,488,189.00. Following shareholder approval at Emira's general meeting on March 17, 2025, the move increases Emira's holding to 45% of DL Invest. Concurrently, Emira will grant DL Invest Group a Tranche 2 Call Option, exercisable after the first anniversary of the Tranche 2 Effective Date, priced at EUR72,886,673.42 plus HICP escalation. Emira may exercise its Tranche 1 Call Option granted to DL Invest group at EUR101,563,090.44, after DL Invest has exercised Tranche 2 Call Option. Based on financials ending June 30, 2024, DL Invest's net assets were valued at EUR271.1 million with profits of EUR4.9 million. The transaction is categorized as a category 2 transaction for Castleview and does not require shareholder approval.