Capital reduction of Deutsche Geothermische Immobilien AG registered shares at a rate of 10:1

06.06.2023

Effective value date 12 June 2023, there will be a capital reduction of Deutsche Geothermische Immobilien AG registered shares (ISIN DE000A161226) at a ratio of 10:1 in Deutsche Geothermische Immobilien AG fractional interest (ISIN DE000A35JRZ3)

The relevant processing stages and their sequence are described below.

Re-registration stop from 8 to 12 June 2023

It will not be possible to create and forward re-registration and initial registration instructions in the class of Deutsche Geothermische Immobilien AG registered shares (ISIN DE000A161226) in CASCADE-RS between 8 and 12 June 2023. 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 Deutsche Geothermische Immobilien AG converted registered shares (ISIN DE000A35JR33) is possible starting from 12 June 2023.

Removal of registered shares from the books on 12 June 2023

On 9 June 2023 and in preparation for the removal, Clearstream Banking1 will automatically transfer the registered positions in Deutsche Geothermische Immobilien AG registered shares (ISIN DE000A161226) to Freier Meldebestand (FMB, unregistered positions) of the respective bank via position transfer.

Positions in Deutsche Geothermische Immobilien AG registered shares (ISIN DE000A161226) will be removed for value date 12 June 2023. 

Entry of share fractions on 12 June 2023 

The Deutsche Geothermische Immobilien AG fractional rights (ISIN DE000A35JRZ3) will be transferred to the banks at a rate of 10:1 with the value date of 12 June 2023. This means that banks will receive one Deutsche Geothermische Immobilien AG fractional share (ISIN DE000A35JRZ3) for every ten Deutsche Geothermische Immobilien AG registered shares (ISIN DE000A161226).

Exchange of share fractions into original shares from 12 to 26 June 2023

From 12 up to and including 26 June 2023, clients may exchange Deutsche Geothermische Immobilien AG fractional rights (ISIN DE000A35JRZ3) into converted shares of Deutsche Geothermische Immobilien AG (ISIN DE000A35JR33). 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 2023 will be converted automatically, that is, the class of Deutsche Geothermische Immobilien AG (ISIN DE000A161226) is converted to Deutsche Geothermische Immobilien AG fractional rights (ISIN DE000A35JRZ3), adjusting the nominal value at a rate of 10:1.

CASCADE OTC transactions will not be converted automatically for AA01 E and AA01 B.

Registration of shareholders via re-registration from 12 June 2023

After the capital reduction, the custodian banks must enter the shareholders of Deutsche Geothermische Immobilien AG converted registered shares (ISIN DE000A35JR33) in the company's share register via re-registration. This will be possible beginning on 12 June 2023. 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.