JJ Entertainment SE: Capital reduction in a ratio of 4:1

24.08.2022

With value date 29 August 2022, a capital reduction in the JJ Entertainment SE registered share (ISIN DE000A2G8258) at a  ratio of 4:1 into the JJ Entertainment SE registered shares bearer partial rights (ISIN DE000A30U9T0) takes place. 

The corresponding processing steps and their chronological sequence are described below.

Re-registration stop from 25 August 2022 to 29 August 2022 

From 25 August 2022 to 29 August 2022, the registration and transmission of re-registrations or inital registrations in JJ Entertainment SE registered shares (ISIN DE000A2G8258) in CASCADE-RS is not possible. During this period, the system will automatically delete re-registration or initial registration instructions that are pending in CASCADE-RS.

The registration and transmission of instructions for re-registration and initial registration is possible starting 29 August 2022 for converted JJ Entertainment SE registered shares (ISIN DE000A30U9U8).

Removal of holdings on the 29 August 2022   

On 26 August 2022 and in preparation for the removal, Clearstream Banking AG1 will automatically transfer the registered positions in JJ Entertainment SE registered shares (ISIN DE000A2G8258) to the unregistered positions of the respective bank by de-registration. 

With value date 29 August 2022, the holdings in the JJ Entertainment SE registered shares (ISIN DE000A2G8258) will be removed from the banks. 

Entry of fractional rights on 29 August 2022

At value date 29 August 2022, JJ Entertainment SE fractional rights (ISIN DE000A30U9T0) will be transferred to the banks at a rate of 4:1.This means that for four JJ Entertainment SE registered shares (ISIN DE000A2G8258) the banks will receive one JJ Entertainment SE fractional right (ISIN DE000A30U9T0).

Exchange of fractional rights into original shares from 29 August 2022 to 12 September 2022

From 29 August 2022 to 12 September 2022 inclusive, customers can exchange  JJ Entertainment SE fractional rights (ISIN DE000A30U9T0) into converted shares of JJ Entertainment SE registered shares (ISIN DE000A30U9U8). For this purpose, please use the transaction KVEE WE with the fractional rights indicator TR 3 in CASCADE:

Indicator 3: Exchange of share fractions into original shares

Stock exchange, CCP and OTC transactions

Stock exchange and CCP transactions that are still pending on the evening of 26 August 2022 will be converted automatically converted, that is,  JJ Entertainment SE registered shares (ISIN DE000A2G8258) are converted to JJ Entertainment SE fractional rights (ISIN DE000A30U9T0) and the nominal value is adjusted at a rate of 4:1. 

CASCADE OTC trades will not be converted automatically.

Registration of shareholders via re-registration from 29 August 2022

After the capital reduction, the custodian banks must enter the shareholders of JJ Entertainment SE converted registered shares (ISIN DE000A30U9U8) in the company's share register via re-registration. This will be possible starting from 29 August 2022. The nominal value after the capital reduction must be used.

Note for LIMA users

Due to the processing capacities in CASCADE-RS, submissions in excess of 10,000 re-registrations per transfer must be coordinated in advance with Client Services. Clearstream Banking AG reserves the right to reject file transfers that have not been agreed upon within the scope of the overall coordination.

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1. This Announcement has been issued by Clearstream Banking AG (CBF) with registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the Local Court of Frankfurt am Main, Germany, under number HRB 7500.