Capital reduction of asknet AG registered shares at a rate of 10:1
Reference
Effective value date
15 August 2017,
there will be a capital reduction of asknet AG registered shares (ISIN DE0005173306) at a ratio of 10:1.
The relevant processing stages and their sequence are described below.
Re-registration stop from 9 to 15 August 2017
It will not be possible to create and forward re-registration and initial registration instructions in the class of asknet AG registered shares (ISIN DE0005173306) in CASCADE-RS between 9 August 2017 and 15 August 2017. 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 asknet AG converted registered shares (ISIN DE000A2E3707) is possible starting from 15 August 2017.
Removal of registered shares from the books on 15 August 2017
On 14 August 2017 and in preparation for the removal, Clearstream Banking1 will automatically transfer the registered positions in asknet AG registered shares to the unregistered positions of the respective bank via position transfer.
Positions in asknet AG registered shares (ISIN DE0005173306) will be removed on the evening of 14 August 2017 for value date 15 August 2017. There will be one entry per bank for all its positions.
Entry of share fractions on 15 August 2017
The asknet AG fractional rights (DE000A2E4M74) will be transferred to the banks at a rate of 10:1 with the value date of 15 August 2017. This means that banks will receive one asknet AG fractional share (ISIN DE000A2E4M74) for every ten asknet AG registered shares (ISIN DE0005173306).
Exchange of share fractions into original shares from 15 to 29 August 2017
From 15 August 2017 to 29 August 2017 inclusive, customers may exchange asknet AG fractional rights (ISIN DE000A2E4M74) into converted shares of asknet AG (ISIN DE000A2E3707). 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 14 August 2017 will be converted automatically, that is, the class of asknet AG (ISIN DE0005173306) is converted to asknet AG fractional rights (ISIN DE000A2E4M74), adjusting the nominal value at a rate of 10:1.
CASCADE OTC transactions will not be converted automatically.
Registration of shareholders via re-registration from 15 August 2017
After the capital reduction, the custodian banks must enter the shareholders of asknet AG converted registered shares (ISIN DE000A2E3707) in the company's share register via re-registration. This will be possible beginning on 15 August 2017. 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.