Capital reduction of DF Deutsche Forfait AG registered shares at a rate of 10:1
Reference
Effective ex-date
10 June 2016,
there will be a capital reduction of DF Deutsche Forfait AG registered shares (ISIN DE000A14KN88) at a rate of 10:1.
The relevant processing stages and their sequence are described below:
Re-registration stop
It will not be possible to create and forward re-registration and initial registration instructions in the class of DF Deutsche Forfait AG registered shares (ISIN DE000A14KN88) in CASCADE-RS between 7 June 2016 and 10 June 2016. The system will automatically delete re-registration or initial registration instructions that are pending in CASCADE-RS during this period.
Entering and transferring instructions for re-registration or initial registration in the class DF Deutsche Forfait AG converted registered shares (ISIN DE000A2AA204) is possible starting from 10 June 2016.
Removal of registered shares from the books
On 9 June 2016 and in preparation for the removal, Clearstream Banking1 will automatically transfer the registered positions in DF Deutsche Forfait AG registered shares to the unregistered positions of the respective bank via position transfer.
Positions in DF Deutsche Forfait AG registered shares (ISIN DE000A14KN88) will be removed on the evening of 9 June 2016 for value date 10 June 2016. There will be one entry per bank for all its positions.
Entry of share fractions
The DF Deutsche Forfait AG fractional rights (ISIN DE000A2BPXT2) will be transferred to the banks at a rate of 10:1 with the value date of 10 June 2016. This means that banks will receive one DF Deutsche Forfait AG fractional share (ISIN DE000A2BPXT2) for every ten DF Deutsche Forfait AG registered shares (ISIN DE000A14KN88).
Exchange of share fractions into original shares
From 10 June 2016 to 24 June 2016 inclusive, customers may exchange Deutsche Forfait AG fractional rights (ISIN DE000A2BPXT2) into converted shares of Deutsche Forfait AG (ISIN DE000A2AA204). 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 still pending on the evening of 9 June 2016 will be converted automatically, that is, the class of DF Deutsche Forfait AG (ISIN DE000A14KN88) is converted to DF Deutsche Forfait AG fractional rights (ISIN DE000A2BPXT2), adjusting the nominal value at a rate of 10:1.
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 DF Deutsche Forfait AG converted registered shares (ISIN DE000A2AA204) in the company's share register via re-registration. This will be possible beginning on 10 June 2016. 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. Clearstream Banking 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.