Corporate actions
Jan 12, 2017

Conwert Immobilien Invest SE Takeover

The companies Conwert Immobilen Invest SE and Vonovia SE announced a planned merger of both companies. According to the merger agreement Conwert Immobilen Invest SE shareholders are entitled to receive 74 Vonovia shares per 149 Conwert Immobilen Invest SE share.

More information about this transaction is available on the company`s website under www.conwert.com.

This information describes the potential effects this transaction will have on the above mentioned contracts.

On 22 December 2016, Vonovia SE announced the result of the takeover offer to the conwert-shareholders. The acceptance rate of the initial offer period, which ended on 19 December 2016 was 71.54%. According to the information released, settlement of the offer is expected to take place mid of January 2017. As the tendered conwert-shares are not tradeable, the option on conwert-shares will remain suspended until the settlement of the offer. The adjustment according to the corporate action info 001 and the date as of which trading will be resumed, will be published as soon as the settlement date has been determined. In the Future contract on conwert-shares (CORF) there will be no adjustment due to 0 Open interest. Trading in this contract has been terminated. Further information about the transaction is available under www.vonovia-offer.de.

Settlement of the offer will take place on 11 January 2017 according to information by Vonovia SE. Accordingly, the adjustment of the equity option on conwert-shares will take place on 11 January 2017 and come into effect on 12 January 2017. Trading will be resumed after the adjustment of the contract on 12 January 2017.

As already informed in corporate action info 001, the contracts will be adjusted as described.

Adjustment results:

Closing Price: 16.305 EUR
R-Factor: 2.01351351

Adjusted contract size:  49.6644

adjusted series:

1200 0 -> 2416 1     1500 0 -> 3020 1     1700 0 -> 3423 1
1800 0 -> 3624 1     1900 0 -> 3826 1

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