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Home›Direct Quotation›The Grounds Real Estate Development AG: Increase in the 2021/2024 convertible bond (ISIN: DE000A3H3FH2) by € 4.8 million largely oversubscribed

The Grounds Real Estate Development AG: Increase in the 2021/2024 convertible bond (ISIN: DE000A3H3FH2) by € 4.8 million largely oversubscribed

By Roy George
October 4, 2021
25
0


DGAP-Ad-hoc: The Grounds Real Estate Development AG / Keyword (s): Bond The Grounds Real Estate Development AG: Increase in the convertible bond 2021/2024 (ISIN: DE000A3H3FH2) by 4.8 million d euros largely oversubscribed 04-Oct-2021 / 15:55 CET / CEST Disclosure of inside information acc. in Article 17 MAR of Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this advertisement.

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The Grounds Real Estate Development AG: Increase of convertible bond 2021/2024 (ISIN: DE000A3H3FH2) by EUR 4.8 million 
                                              considerably oversubscribed 
                          Ad-hoc notice pursuant to Article 17 of the Market Abuse Directive 
 
     Berlin, 4 October 2021 - The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) has received subscription 
 applications for all of the 4,800 partial debentures with a total nominal value of EUR 4,800,000.00 in the course of 
      the private placement under exclusion of the shareholders' subscription rights. The issue was considerably 
                                                    oversubscribed. 
  The fully-placed partial debentures from the increase of the convertible bond 2021/2024 with a total volume of EUR 
 4,800,000.00 are scheduled for inclusion in the open market segment Quotation Board of Frankfurt Stock Exchange with 
                                                   immediate effect. 
The net proceeds achieved are intended to be used for the further development of the three core business activities by 
   expanding the portfolio holding, further building up the residential real estate portfolio for privatization and 
                                          investing in project developments. 

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 permitted to 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 Management Board Charlottenstraße 79-80, 10117 Berlin, Germany Tel. : +49 (0) 30 2021 6866 Fax: +49 (0) 30 2021 6849 E-mail: [email protected] Web: www.thegroundsag.com End of the ad-hoc notice

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04-Oct-2021 CET / CEST DGAP’s distribution services include regulatory announcements, financial / corporate news and press releases. Archives on www.dgap.de

————————————————– ————————————————– ——————-

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, DE000A3E5XU6 
WKN:          A2GSVV, A3H3FH, A3E5XU 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Tradegate Exchange 
EQS News ID:  1238083 
 
End of Announcement  DGAP News Service 
=------------ 

1238083 04-Oct-2021 CET / CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1238083&application_name=news

(END) Dow Jones Newswires

04 October 2021 09:56 ET (13:56 GMT)


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