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The Grounds Real Estate Development AG: Change in shareholder structure

Ad-hoc notice pursuant to Article 17 of the Market Abuse Directive

 

The Grounds Real Estate Development AG: Change in shareholder structure

Berlin, 29 June 2021 (11:30 CET/CEST) – The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) learned today that its major shareholder Mr. Armin H. Hofmann, by exercising an option, acquired from the shareholder Deutsche Balaton AG a share of 15.16% in the company. Mr. Hofmann, who is also a member of the company’s Supervisory Board, thereby increases his holding in The Grounds Real Estate Development AG to 32.29%. The company greatly welcomes the fact that Mr. Hofmann, an experienced real estate property investor, has affirmed his commitment to a long-term shareholding in the company.

 

 

Contact:
The Grounds Real Estate Development AG
Arndt Krienen/Jacopo Mingazzini, members of the Management Board
Charlottenstraße 79-80, 10117  Berlin, Germany
Tel.: +49 (0) 30 2021 6866
Fax: +49 (0) 30 2021 6849
E-mail: info@tgd.ag
Web: www.thegroundsag.com

End of the ad-hoc notice

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