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The Grounds Real Estate Development AG: admission to the primary market of Düsseldorf Stock Exchange, further measures planned with the aim of dual listing in Johannesburg
- Inclusion in the primary market took place today
- Admission to the Quotation Board of Frankfurt Stock Exchange and trading on Xetra are aimed at
- Dual listing in the AltX market segment of Johannesburg Stock Exchange (JSE) is planned for December 2017
Berlin, 6 November 2017. Düsseldorf Stock Exchange included The Grounds Real Estate Development AG’s shares (ISIN DE000A2GSVV5) in the Düsseldorf Stock Exchange’s primary market today. The listing refers to the company’s existing 12,900,000 shares, which are quoted on the Düsseldorf Stock Exchange’s open market. More shares (up to 5,100,000 new shares) will be created by the capital increase at EUR 2.20 per share running from 9 November.
The primary market is a listing segment of the Düsseldorf Stock Exchange’s open market in which both shares, bonds and other products, e.g. participation certificates, are quoted. Through the Düsseldorf Stock Exchange’s set of rules, issuers in the primary market have undertaken to observe particular publicity standards, and to continuously provide investors with all the important information relating to the company.
In addition, the company plans inclusion in Frankfurt Stock Exchange’s Quotation Board, followed by listing in Xetra. The Xetra trading platform addresses especially institutional investors in this country and abroad. This, like the conversion of bearer shares to registered shares that has already taken place, is important for the further development of the company, which wants to open up to South African investors through dual listing on the Johannesburg Stock Exchange (JSE).