GK SOFTWARE SE: Conversion to registered shares and inclusion in CASCADE-RS
The bearer shares of GK SOFTWARE SE (ISIN DE0007571424) will be converted on
2 December 2024
into registered shares of GK SOFTWARE SE (ISIN DE000A40S3V1) and included in CASCADE-RS.
Creation of holdings in registered shares
The creation of registered share positions on the relevant conversion date will be carried out by Clearstream Banking AG1 in the standard processing on 29 November 2024 with value date 2 December 2024 on the custody account balances and positions of pending stock exchange trades.
The positions in the registered shares of GK SOFTWARE SE are created in unregistered positions (Freier Meldebestand - FMB). Instructions in CASCADE-RS will be possible from 2 December 2024.
Stock exchange trades and securities transfers in the registered shares of GK SOFTWARE SE will be first processed on 2 December 2024.
Pending instructions
Security transfers against payment that are entered in CASCADE and are pending for settlement will be converted. Security transfers free of payment that are flagged with match status "J" are converted as well.
Note: To ensure smooth settlement processing, clients must avoid a manual conversion, especially matched against payment instructions. CBF will convert securities transfers against payment into the ISIN of the registered shares automatically in the standard processing of 29 November 2024. Modifications and cancellations of instructions in the ISIN of bearer shares are possible at any time until the automatic conversion. It is recommended that instructions in the ISIN of the registered shares are not entered before 2 December 2024.
Unmatched securities transfers free of payment that are stored in CASCADE will automatically be deleted by T2S after 20 business days and must be re-entered by the participants into registered shares, if required.
Registration of shareholders in the share register
The registration of the shareholders in the share register of the issuer is implemented via the depository banks by re-registration in CASCADE-RS using the re-registration type "2" ("other not from purchase"). Information about the notification of the shareholders in the share register can be taken from the "Guidelines for banks on entering shareholder data in CASCADE-RS" (Announcement RS137).
Share register
The share register is managed by Captrace GmbH.
Note about submission planning
Due to the processing capacities in CASCADE-RS, submissions amounting to 10,000 re-registrations or more per transfer must be arranged in advance with Client Services. Within the scope of overall coordination, CBF reserves the right to reject file transfers that have not been arranged in advance.
Reimbursement
For re-registrations that are transmitted between 2 December 2024 and 6 December 2024, CBF charges a discounted price of EUR 0.30 per position. After this time period, CBF clients will be reimbursed accordingly.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.