Eröffnung: | - |
Veränderung: | - |
Volumen: | - |
Tief: | - |
Hoch: | - |
Hoch - Tief: | - |
Typ: | Aktien |
Ticker: | AMMN |
ISIN: | DE000A2GSVV5 |
EQS-News: The Grounds begins to implement the capital measures resolved at the Ordinary General Meeting on 19 September 2024
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EQS-News: The Grounds Real Estate Development AG
/ Key word(s): Capital Increase/Corporate Action
The Grounds begins to implement the capital measures resolved at the Ordinary General Meeting on 19 September 2024
Berlin, 27 November 2024 –The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) is starting to implement the capital measures resolved at the Ordinary General Meeting on 19 September 2024. The subscription offer for the capital increase against cash contributions with subscription rights for shareholders of up to EUR 53,416,548.00 was published today (in the German Federal Gazette and at https://www.thegroundsag.com/en/investor-relation/capital-increase-2024/). The subscription period for the up to 53,416,548 new shares runs from 29 November 2024 (0:00 hrs.) to 12 December 2024 (24 hrs.); the subscription price is EUR 1.00 per share. The subscription right is 1:6, meaning that one existing share is an entitlement to subscribe to six new shares (after capital reduction; before the capital reduction, a subscription ratio of 2:6 is technically applied to the old shares). The new shares are entitled to dividends from 1 January 2024. A company belonging to a fund managed by H.I.G. Capital had already committed itself in advance, as part of a preliminary subscription contract – after fulfilment of certain agreed conditions precedent – to subscribe for 40,000,000 new shares as part of the capital increase. Part of these conditions still need to be met. The capital reduction at a ratio of 2:1 is expected to become effective during the subscription period, together with the pending entry in the Commercial Register. As a result of this, the company’s share capital of currently EUR 17,805,517.00, divided into 17,805,517 registered ordinary shares with no par value and with a notional share in the share capital of EUR 1.00 each, will be reduced to EUR 8,902,758.00, divided into 8,902,758 registered ordinary shares with no par value and with a notional interest in the share capital of EUR 1.00 each (ISIN: DE000A40KXL9 / WKN: A40KXL). The Grounds will inform shareholders separately about the details of the capital reduction as soon as the time schedule has been finalised.
Company contact: Investor Relations: Press contact: About The Grounds
27.11.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
Language: | English |
Company: | The Grounds Real Estate Development AG |
Charlottenstraße 79-80 | |
10117 Berlin | |
Germany | |
Phone: | 030 2021 6866 |
Fax: | 030 2021 6489 |
E-mail: | [email protected] |
Internet: | www.thegroundsag.com |
ISIN: | DE000A2GSVV5, DE000A3H3FH2, |
WKN: | A2GSVV, A3H3FH, |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 2038903 |
End of News | EQS News Service |
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2038903 27.11.2024 CET/CEST
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