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  DGAP-Ad hoc: The Grounds Real Estate Development AG | News | Bit Updates
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DGAP-Ad hoc: The Grounds Real Estate Development AG | News

Wednesday, November 1st, 2017 | bitcoin updates

DGAP-Ad-hoc: The Grounds Real Estate Development AG / Key word (s): Capital IncreaseThe Grounds Real Estate Development AG: Subscription Price for Capital Increase Against Deposits set at EUR 2.20 per share 01.11.2017 / 11:02 CET / CESTPublication of Inside Information pursuant to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.
Ad hoc disclosure under Art. 17 Market Abuse Regulation

NOT FOR DISSIPULATE OR PARTIAL DISTRIBUTION, PUBLICATION OR DISTRIBUTION IN, WITHIN OR FROM COUNTRIES WHERE SUCH DISSEMINATION, PUBLICATION OR DISTRIBUTION WOULD CONSTITUTE A BREACH OF THE RELEVANT LEGAL PROVISIONS OF THESE COUNTRIES. IN PARTICULAR, NOT FOR DISTRIBUTION, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN. THIS COMMUNICATION IS NOT AN OFFER TO PURCHASE SECURITIES OR ANY REQUEST TO PURCHASE A PURCHASE OFFER. THE RELEVANT SECURITIES PROSPECTUS IS PUBLISHED UNDER http://www.thegroundsag.com/en/ IN THE INVESTOR RELATIONS GROUP.

Subscription price for the capital increase against deposits set at EUR 2.20 per share

Berlin, November 1, 2017. The Board of Management of The Grounds Real Estate Development AG today approved, with the approval of the Supervisory Board, the subscription price for the capital increase against contributions decided by the Annual General Meeting on June 22, 2017. Of the total of 17,600,000 new no-par value registered shares, 12,500,000 shares have already been subscribed in exchange for contributions in kind. Subject to the approval of the prospectus by the German Federal Financial Supervisory Authority (BaFin) and the publication of the prospectus, which are expected shortly, the remaining 5,100,000 shares may be subscribed for at a subscription price of EUR 2.20 per new share. The subscription ratio is 1:44, which means that 44 new shares can be purchased for one old share.

The new shares not subscribed at the end of the subscription period are to be offered to investors, particularly in South Africa and Germany, as part of a private placement.

Contact: The Grounds Real Estate Development AG Hans WittmannVerstandLeipziger Platz 3, 10117 BerlinT. +49 (0) 30 2021 6866

01.11.2017 CET / CEST The DGAP Distribution Services include Regulatory Announcements, Corporate News / Financial News and Press Releases. Media Archive at http://www.dgap.de

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