The Grounds Real Estate Development AG: a convertible bond of EUR 12 million was issued and considerably oversubscribed

Berlin, 16 February 2021 – Following the expiry of the scope of the subscription period (1 February to 15 February 2021) and subsequent private placement, The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) has received subscription applications for all of the 12,000 partial debentures with a total net value of EUR 12,000,000. The issue was substantially oversubscribed. Due to the oversubscription, major shareholders of the company withdrew to a considerable extent from their original subscription registrations so as to further expand the company’s investor base.

The fully-placed convertible bond with a volume of EUR 12,000,000.00 carries an annual interest rate of 6%, has a term of three years and is convertible at a price of EUR 3.20 per share. The convertible bond is scheduled for inclusion in the open market segment Quotation Board of Frankfurt Stock Exchange on 18 February 2021.

The net proceeds achieved are to be used mainly to finance the acquisition of new real estate properties in Germany, and for general corporate purposes.

The Grounds Real Estate Development AG: Increase of convertible bond 2021/2024 (ISIN: DE000A3H3FH2) by EUR 4.8 million considerably oversubscribed

Berlin, 4 October 2021 – The Grounds Real Estate Development AG (ISIN DE000A2GSVV5) has received subscription applications for all of the 4,800 partial debentures with a total nominal value of EUR 4,800,000.00 in the course of the private placement under exclusion of the shareholders’ subscription rights. The issue was considerably oversubscribed.

The fully-placed partial debentures from the increase of the convertible bond 2021/2024 with a total volume of EUR 4,800,000.00 are scheduled for inclusion in the open market segment Quotation Board of Frankfurt Stock Exchange with immediate effect.

The net proceeds achieved 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.