The Grounds Real Estate Development AG: EUR 12 million convertible bond issued and significantly oversubscribed

Ad hoc opinion in accordance with Article 17 of the Market Abuse Directive

The Grounds Real Estate Development AG: EUR 12 million convertible bond issued and significantly oversubscribed

Berlin, February 16, 2021 (09:55 CET / CEST) – Following the expiration of the subscription period (February 1 to February 15, 2021) and the subsequent private placement, The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) received subscription requests for all 12,000 partial bonds of ‘a total net worth of EUR 12,000,000. The show was largely oversubscribed. Due to the oversubscription, the major shareholders of the company withdrew to a large extent from their initial subscriptions in order to further broaden the investor base of the company.

The fully placed convertible bond with a volume of EUR 12,000,000.00 bears interest at an annual rate of 6%, has a term of three years and is convertible at a price of EUR 3.20 per share. The convertible bond is expected to be included in the open market segment of the Quotation Board of the Frankfurt Stock Exchange on February 18, 2021.

The net proceeds realized are to be used primarily to finance the acquisition of new real estate in Germany and for general business purposes.

Important note
This advertisement is not intended for direct or indirect publication or distribution within and / or the United States of America (“United States”). This announcement does not represent an offer to sell securities in the United States. The securities mentioned in this document have not been and will not be registered under the US Securities Act of 1933 in the version currently in force (the “Securities Act”), and their sale or offer for sale is only authorized by United States only through the use of an exemption from the registration requirements of securities law. No public offering of securities is taking place in the United States.

Contact:
The Grounds Real Estate Development AG
Arndt Krienen / Jacopo Mingazzini, members of the board of directors
Charlottenstraße 79-80, 10117 Berlin, Germany
Phone. : +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849
Email: [email protected]
Web: www.thegroundsag.com

End of ad hoc opinion