Tick Trading Software AG: Conversion to registered shares and inclusion in CASCADE-RS
The bearer shares of Tick Trading Software AG (ISIN DE000A0LA304) will be converted on
26 June 2023
into registered shares of Tick Trading Software AG (ISIN DE000A35JS99) and included in CASCADE-RS.
Creation of holdings in registered shares
The creation of registered share positions as of the relevant conversion date will be carried out by Clearstream Banking1 in standard processing on 23 June 2023 for value date 26 June 2023 on the custody account balances and positions of open stock exchange transactions.
The positions in the registered shares of Tick Trading Software AG are created in Freier Meldebestand (FMB, unregistered positions). The order placement in CASCADE-RS is possible starting on 26 June 2023.
Securities market transactions and holding transfers in the registered shares of Tick Trading Software AG are first processed on 26 June 2023.
Pending instructions
Security transfers against payment that have been entered in CASCADE and are pending for settlement will also be converted. Security transfers free of payment that are flagged with match status "J" are converted as well.
Note:
To ensure smooth processing of the settlement, manual conversion by clients must be avoided, especially of matched orders against payments. Clearstream Banking will convert the transfer of securities against payment into the ISIN of the registered shares automatically in standard processing on 23 June 2023. Modifications and cancellations of orders in the ISIN of the bearer shares are possible at any time until the automatic conversion. Clearstream Banking recommends only entering orders in the ISIN of the registered shares from 26 June 2023.
The non-matched securities transfers free of payment that are stored in CASCADE will be cancelled automatically by T2S after 20 banking days and must be re-entered by the participants into registered shares, if required.
Registration of shareholders in the share register
The registration of the shareholders in the share register of the issuer is implemented via the depository banks by re-registration in CASCADE-RS using the re-registration type "2" ("other not from purchase"). Information about the notification of the shareholders in the share register can be taken from the "Guidelines for banks on entering shareholder data in CASCADE-RS" (CBF announcement RS137 of 9 November 2007).
Share register
The share register is managed by Captrace GmbH.
Note about submission planning
Due to the processing capacities in CASCADE-RS, submissions amounting to 10,000 re-registrations or more per transfer must be arranged in advance with Client Services. Within the scope of overall coordination, Clearstream Banking reserves the right to reject file transfers that have not been arranged in advance.
Reimbursement
For re-registrations that are transmitted in the period from 26 to 30 June 2023, Clearstream Banking charges a discounted price of EUR 0.30 per position. After this time period, Clearstream Banking clients will be reimbursed accordingly.
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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.