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21 Nov 2019

Eurex

Gerry Weber International AG: Delisting

Eurex Circular 110/19

1.  Introduction

On 25 October 2019, the company Gerry Weber International AG announced in an ad hoc message that the insolvency plan approved by the creditors’ meeting had become legally valid. In relation to this, a capital decrease and simultaneous capital increase with exclusion of subscription rights took place, which were entered in the Commercial Register on 31 October 2019.

2.  Required action

There is no action required for the Trading Participants.

3.  Details

Remaining Gerry Weber International AG shares after the capital decrease were transferred to the investors specified in the insolvency plan, thus no more flee float exists. In Xetra®, trading in the Gerry Weber share was discontinued with effect from 13 November 2019. Thus, trading in options on the Gerry Weber share, suspended since 31 October 2019, will not resume. Positions still existing in the system will be cash-settled on 22 November 2019 according to No. 2.6.15 of the Contract Specifications for Futures Contracts and Options Contracts at Eurex Deutschland. Settlement will be made at the intrinsic value on the basis of a share price of zero. 

All Members with open positions will receive an overview of their open positions and settlement details. The resulting settlement amount will be booked on 22 November 2019 with value date 25 November 2019. Removal of existing positions will take place during the end-of-day processing on 25 November 2019 with effect from 26 November 2019.


Recipients:All Trading Participants of Eurex Deutschland and Vendors
Target groups:Front Office/Trading, Middle + Backoffice, IT/System Administration, Auditing/Security Coordination
Contact:

client.services@eurexchange.com

Web:

www.eurexchange.com

Authorized by:Michael Peters

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