Altech Advanced Materials AG: Capital reduction at a rate of 2:1

08.11.2022

With value date 14 November 2022, a capital reduction of Altech Advanced Materials AG registered shares (ISIN DE000A2LQUJ6) at a ratio of 2:1 into converted Altech Advanced Materials AG registered shares(ISIN DE000A3E5DX2) takes place. 

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

Re-registration stop

From 10 November 2022 to 14 November 2022, the registration and transmission of re-registrations or initial registrations in Altech Advanced Materials AG registered shares (ISIN DE000A2LQUJ6) 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 14 November 2022 for converted Altech Advanced Materials AG registered shares (ISIN DE000A31C3Y4).

Removal of holdings

On 11 November 2022 and in preparation for the removal, Clearstream Banking AG1 will automatically transfer the registered positions in Altech Advanced Materials AG registered shares to the unregistered positions of the respective bank via de-registration.

With a value date of 14 November 2022, the holdings in Altech Advanced Materials AG registered shares (ISIN DE000A2LQUJ6) will be removed from the banks.

Entry of fractional rights

At value date 14 November 2022, Altech Advanced Materials AG fractional rights (ISIN DE000A3E5DX2) will be transferred to the banks at a rate of 2:1. This means that for nine Altech Advanced Materials AG registered shares (ISIN DE000A2LQUJ6) the banks receive one Altech Advanced Materials AG fractional right (ISIN DE000A3E5DX2).

Exchange of fractional rights into original shares

From 14 November 2022 to 28 November 2022 inclusive customers can exchange Altech Advanced Materials AG fractional rights (ISIN DE000A3E5DX2) into converted shares of Altech Advanced Materials AG (ISIN DE000A31C3Y4). For this purpose, please use the transaction KVEE WE (securities transfer) with the fractional rights indicator TR 3 in CASCADE:

Indicator 3: Exchange of share fractions into original shares

Stock exchange trades, CCP and OTC transactions

Stock exchange and CCP transactions that are still pending on the evening of 11 November 2022 will be converted automatically, that is, Altech Advanced Materials AG registered shares (ISIN DE000A2LQUJ6) shares are converted to Altech Advanced Materials AG fractional rights (ISIN DE000A3E5DX2)and the nominal value is adjusted at a rate of 2:1.

CASCADE-OTC transactions will not be converted automatically.

Registration of shareholders via re-registration

After the capital reduction, the custodian banks must enter the shareholders of Altech Advanced Materials AG converted registered shares (ISIN DE000A31C3Y4) in the company's share register via re-registration. This will be possible starting from 14 November 2022. The nominal value after the capital reduction must be used.

Note for LIMA users

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. CBF reserves the right to reject file transfers that have not been agreed upon within the scope of overall coordination.

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1. This announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.