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DGAP-Ad-hoc: The Grounds Real Estate Development AG / Key word(s): Bond/Corporate Action The Grounds Real Estate Development AG increases the convertible bond 2021/2024 (ISIN: DE000A3H3FH2) by up to EUR 4.8 million to up to EUR 16.8 million Ad-hoc notice pursuant to Article 17 of the Market Abuse Directive Berlin, 29 September 2021 - The Grounds Real Estate Development AG has resolved to increase the convertible bond 2021/2024 (ISIN: DE000A3H3FH2) by up to EUR 4.8 million to up to EUR 16.8 million. The Company has already received significant commitments from major investors. The subscription rights of existing shareholders are excluded. The issue amount will be 100% of the nominal amount (plus accrued interest). The convertible bond 2021/2024 was issued in February 2021 with a term of three years, an annual interest rate of 6 percent and a conversion price of EUR 3.20 per share. The funds are intended to be used for the further development of the three core business activities by expanding the portfolio holding, further building up the residential real estate portfolio for privatization and investing in project developments.
This announcement is not intended for direct or indirect publication or dissemination within and/or into the United States of America ("United States"). This announcement does not represent an offer for the sale of securities in the United States. The securities mentioned herein have not been and will not be registered under the U.S. Securities Act of 1933 in the currently valid version ("Securities Act"), and their sale or offer for sale is permissible in the United States only through the use of a derogation from the registration requirements of the Securities Act. No public offer of securities takes place in the United States.
29-Sep-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | The Grounds Real Estate Development AG |
| Charlottenstraße 79-80 | |
| 10117 Berlin | |
| Germany | |
| Phone: | 030 2021 6866 |
| Fax: | 030 2021 6489 |
| E-mail: | info@tgd.ag |
| Internet: | www.thegroundsag.com |
| ISIN: | DE000A2GSVV5, DE000A3H3FH2 |
| WKN: | A2GSVV, A3H3FH |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Tradegate Exchange |
| EQS News ID: | 1236860 |
| End of Announcement | DGAP News Service |
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1236860 29-Sep-2021 CET/CEST
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