CD Deutsche Eigenheim AG: Capital reduction at a rate of 5:1
Reference
A capital reduction of CD Deutsche Eigenheim AG registered shares (ISIN DE000A168270) at a rate of 5:1 will take place effective value date 12 October 2020.
The corresponding processing steps and their chronological sequence are described below.
Re-registration stop
From 8 October 2020 to 12 October 2020 inclusive no re-registrations or initial registrations will be made to the share register of CD Deutsche Eigenheim AG registered shares (ISIN DE000A168270). During this period, the system will automatically delete re-registration or initial registration instructions that are pending in CASCADE-RS.
Entering and transferring instructions for re-registration or initial registration in CD Deutsche Eigenheim AG converted registered shares (ISIN DE000A3H22D7) is possible from 12 October 2020.
Removal of holdings in registered shares
On 9 October 2020 and in preparation for the removal, Clearstream Banking1 will automatically transfer the registered positions in CD Deutsche Eigenheim AG registered shares to the unregistered positions of the respective bank via de-registration.
Holdings in CD Deutsche Eigenheim AG registered shares (ISIN DE000A168270) will be removed on the evening of 9 October 2020 for value date 12 October 2020. One entry is made per bank for the total holdings.
Entry of fractional rights
At value date 12 October 2020, CD Deutsche Eigenheim AG fractional rights (ISIN DE000A289WT3) will be transferred to the banks at a rate of 5:1. This means that for five CD Deutsche Eigenheim AG registered shares (ISIN DE000A168270) the banks receive one CD Deutsche Eigenheim AG share fractional right (ISIN DE000A289WT3).
Exchange of fractional rights into original shares
From 12 October 2020 to 19 October 2020 inclusive customers can exchange CD Deutsche Eigenheim AG fractional rights (ISIN DE000A289WT3) into converted shares of CD Deutsche Eigenheim AG (ISIN DE000A3H22D7). 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 9 October 2020 will be converted automatically, that is, CD Deutsche Eigenheim AG (ISIN DE000A168270) shares are converted to CD Deutsche Eigenheim AG fractional rights (ISIN DE000A289WT3) and the nominal value is adjusted at a rate of 5:1.
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 CD Deutsche Eigenheim AG converted registered shares (ISIN DE000A3H22D7) in the company's share register via re-registration. This will be possible starting from 12 October 2020. 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.