Brief: Grounds Real Estate Development to increase capital

Grounds Real Estate Development AG

03/11/2017 10:36

Nov 3 (Reuters) - GROUNDS REAL ESTATE DEVELOPMENT AG 
 AMMn.D  
    * ON 9 NOV, OFFER PERIOD FOR CAPITAL INCREASE TO BEGIN 
    * PROCEEDS TO SERVE THE PURPOSE OF COMPANY GROWTH 
    * ISSUE PROCEEDS OF UP TO EUR 11.2 MILLION 
    * GROUNDS REAL ESTATE DEVELOPMENT - SHAREHOLDERS TO BE ABLE 
TO 
SUBSCRIBE FOR UP TO 5.1 MILLION SHARES AT EUR 2.20 EACH AT RATIO 
OF 1:44 
    * GROUNDS REAL ESTATE DEVELOPMENT - PROCEEDS TO BE USED TO 
ACCELERATE EXPANSION OF REAL ESTATE PORTFOLIO AND EXISTING 
OPERATING BUSINESS 
 
Source text for Eikon:  ID:nEQ3D5dj5a  
Further company coverage:  AMMn.D  
 
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