The Grounds Real Estate Development AG / DE000A2GSVV5
18.12.2024 - 23:53:17The Grounds Real Estate Development AG: EUR 40 million of equity capital secured
| EQS-Ad-hoc: The Grounds Real Estate Development AG / Key word(s): Corporate Action 18-Dec-2024 / 23:53 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group. The issuer is solely responsible for the content of this announcement. Publication of insider information in accordance with Article 17 of the MAR (Market Abuse Regulation) Berlin, 18 December 2024 – Today, The Grounds Real Estate Development AG (The Grounds / ISIN: DE000A2GSVV5) announces that the implementation of the capital increase, in the context of which a fund managed by H.I.G. Capital is participating in The Grounds with a volume of around EUR 40 million, has been secured. The various conditions precedent to which this participation was subject have occurred, and the investor has subscribed the capital increase in accordance with the agreement previously concluded. The partnership with H.I.G. Capital already announced is now hereby implemented. The gross issue proceeds arising from the capital increase is expected to be approx. EUR 40.5 million. The company intends to use the proceeds arising from the capital increase to finance new real estate development projects, among other things. The intention is for the planned growth strategy to be implemented in this way, together with the new major shareholder. Company contact: The Grounds Real Estate Development AG Jacopo Mingazzini, 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 announcement – End of Inside Information 18-Dec-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com |
| 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, DE000A40KXL9 |
| WKN: | A2GSVV, A3H3FH, A40KXL |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf (Primärmarkt), Frankfurt, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 2054283 |
| End of Announcement | EQS News Service |
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2054283 18-Dec-2024 CET/CEST
