GORE German Office Real Estate AG: Capital reduction of registered shares at a rate of 10:1
Reference
Effective value date 25 July 2024, there will be a capital reduction of GORE German Office Real Estate AG registered shares (ISIN DE000A0Z26C8) at a ratio of 10:1 in GORE German Office Real Estate AG: fractional shares (ISIN DE000A3EX3H8).
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 GORE German Office Real Estate AG registered shares (ISIN DE000A0Z26C8) in CASCADE-RS between 23 July 2024 to 25 July 2024. 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 GORE German Office Real Estate AG converted registered shares (ISIN DE000A3EX3G0) is possible starting from 25 July 2024.
Removal of registered shares from the books
On 24 July 2024 and in preparation for the removal, Clearstream Banking AG1 will automatically transfer the registered positions in GORE German Office Real Estate AG registered shares (ISIN DE000A0Z26C8) to Freier Meldebestand (FMB, unregistered positions) of the respective bank via position transfer.
Positions in GORE German Office Real Estate AG registered shares (ISIN DE000A0Z26C8) will be removed for value date 25 July 2024.
Entry of share fractions
The GORE German Office Real Estate AG fractional rights (ISIN DE000A3EX3H8) will be transferred to the banks at a rate of 10:1 with the value date of 25 July 2024. This means that banks will receive one GORE German Office Real Estate AG fractional share (ISIN DE0006046113) for every ten GORE German Office Real Estate AG registered shares (ISIN DE000A3EX3H8).
Exchange of share fractions into original shares
From 25 July May 2024 to 8 August 2024, clients may exchange GORE German Office Real Estate AG fractional rights (ISIN DE000A3EX3H8) into converted shares of GORE German Office Real Estate AG (SIN DE000A3EX3G0). 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 24 July 2024 will be converted automatically, that is, the class of GORE German Office Real Estate AG (ISIN DE000A0Z26C8) is converted to GORE German Office Real Estate AG fractional rights (DE000A3EX3H8), 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 GORE German Office Real Estate AG converted registered shares (ISIN DE000A3EX3G0) in the company's share register via re-registration. This will be possible from 25 July 2024. 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. CBF 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.