Orco Property Group has announced the issue of 156,100 new shares at EUR 53.38/share (5% discount) within the PACEO program. The Paceo program gives Orco the right to issue up to 1,000,000 shares. So far, 834,060 shares have been issued. Pursuant to the exercise of 3,426 warrants and the conversion of 17 convertible bonds 1,159 new shares have been issued. 1,863,369 warrants were already exercised (1,176,204 warrants remain) and 290,613 bonds from 1,001,563 have already been converted and cancelled. As a result of the issue, Orco’s current share capital is composed of 6,781,578 shares.