The Grounds Real Estate AG: Capital reduction of registered shares at a rate of 2:1
Effective value date 3 January 2025, there will be a capital reduction of The Grounds Real Estate AG registered shares (ISIN DE000A2GSVV5) at a ratio of 2:1 in The Grounds Real Estate AG bearer partial rights (ISIN DE000A40KXM7).
The relevant processing stages and their sequence are described below.
Re-registration stop
It will not be possible to create and forward re-registration and initial registration instructions in The Grounds Real Estate Development AG registered shares (ISIN DE000A2GSVV5) in CASCADE-RS from 31 December 2024 until 3 January 2025. The system will automatically delete re-registration or initial registration instructions that are pending in CASCADE-RS during this period.
Entering and transferring instructions for re-registration or initial registration in The Grounds Real Estate Development AG converted registered shares (ISIN DE000A40KXL9)is possible starting from 3 January 2025.
Removal of registered shares from the books
On 2 January 2025 and in preparation for the removal, Clearstream Banking AG1 will automatically transfer the registered positions in The Grounds Real Estate Development AG registered shares (ISIN DE000A2GSVV5) to Freier Meldebestand (FMB, unregistered positions) of the respective bank via position transfer.
Positions in The Grounds Real Estate Development AG registered shares (ISIN DE000A2GSVV5) will be removed for value date 3 January 2025.
Entry of share fractions
The Grounds Real Estate Development AG fractional shares (ISIN DE000A40KXM7) will be transferred to the banks at a rate of 2:1 with the value date of 3 January 2025. This means that banks will receive one The Grounds Real Estate Development AG fractional share (ISIN DE000A40KXM7) for every two The Grounds Real Estate Development AG registered shares (ISIN DE000A2GSVV5).
Exchange of share fractions into original shares
From 3 to 23 January 2025, clients may exchange The Grounds Real Estate Development AG fractional shares (ISIN DE000A40KXM7) into The Grounds Real Estate Development AG converted registered shares (ISIN DE000A40KXL9). For this purpose, please use the transaction KVEE WE (securities transfer) with the fractional rights indicator TR 3 in CASCADE:
Indicator 3: Exchange of share fractions into original shares
Stock exchange trades, CCP and OTC transactions
Stock exchange and CCP transactions still pending on the evening of 30 December 2024 will be converted automatically, that is, The Grounds Real Estate Development AG registered shares (ISIN DE000A2GSVV5) are converted to The Grounds Real Estate Development AG fractional shares (ISIN DE000A40KXM7), adjusting the nominal value at a rate of 2:1.
CASCADE OTC transactions will not be converted automatically.
Registration of shareholders via re-registration
After the capital reduction, the custodian banks must enter the shareholders of The Grounds Real Estate Development AG converted registered shares (ISIN DE000A40KXL9) into the company's share register via re-registration. This will be possible from 3 January 2025. The nominal value after the capital reduction must be used.
Note for LIMA users
Due to the processing capacities in CASCADE-RS, submissions amounting to 10,000 re-registrations or more per transfer must be agreed in advance with Client Services. CBF reserves the right to reject file transfers that have not been agreed upon within the scope of overall coordination.
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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.