Voluntary public takeover offer of Photon Management GmbH to shareholders of PNE AG - update II
Note: This announcement, originally published on 1 November 2019 and updated on 29 November 2019, has been further updated. Due to a change in the offer, the shareholders have no right of withdrawal during the additional acceptance period. Changes are highlighted.
Details on the procedure for exchange of the PNE AG registered shares (ISIN DE000A0JBPG2) are published in Wertpapier-Mitteilungen (a gazette with securities announcements).
Exchange into "PNE AG registered shares submitted for exchange"
The transfer must be carried out via securities transfer (CASCADE transaction: KVEE WE) with an entry in the “TR” field with the attribute “4- Originalaktien in Anrechte”. This transfer is only possible from the unregistered positions. The shares must therefore be transferred in advance via share holdings transfer (CASCADE transaction: KVEE BV) into unregistered positions.
The exchange will be possible from
18 December 2019 to 31 December 2019 inclusive
The "PNE AG registered shares submitted for exchange" (ISIN DE000A2YN6E7) will be issued as registered securities. The shares resulting from the exchange described above will be allocated to the unregistered positions.
There is a follow-up entry period until 3 January 2020.
Registration of the shareholders by re-registration
The shareholders of the "PNE AG registered shares submitted for exchange" (ISIN DE000A2YN6E7) must be registered on the company’s share register. Corresponding re-registrations (KVCU) can be adjusted by the depository in CASCADE-RS from 31 October 2019.
Note about submission planning
Due to the processing capacities in CASCADE-RS, submissions amounting to 10,000 re-registrations or more per transfer must be agreed in advance with Client Services. Clearstream Banking1 reserves the right to reject file transfers that have not been agreed upon within the scope of overall coordination.
1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthaleralle 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.