The Grounds Real Estate Development AG / Key word(s): Corporate Action
Berlin, 26 January 2021 - The Grounds Real Estate Development AG has resolved to issue a convertible bond with subscription rights for shareholders. Commitments by major investors amounting to EUR 5,000,000 are already available to the company, and the total volume amounts to up to EUR 12,000,000. Existing shareholders have submitted declarations stating that they do not wish to exercise subscription rights, so that the subscription offer still relates to a volume of EUR 4,529,000 and will be carried out without a prospectus with a basic information sheet. The annual interest rate is 6 percent. The convertible bond will have a term of three years. The conversion price is EUR 3.20 per share. The company will publish a basic information sheet ("BIS") for the convertible bond issue on the company's homepage at . The subscription period scope is expected to run from 1 February 2021 to 15 February 2021. It is expected that the subscription offer will be published in the Federal Gazette on 29 January 2021.
26-Jan-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
The Grounds Real Estate Development AG
030 2021 6866
030 2021 6489
Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Tradegate Exchange
EQS News ID:
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