Introduction of subscription rights on Vonovia SE on 24 November 2021 at Frankfurt Stock Exchange

Release date: 23 Nov 2021

081/2021 Introduction of subscription rights on Vonovia SE on 24 November 2021 at Frankfurt Stock ExchangeXetra Circular 081/21

1. Introduction

Subject to the inclusion in trading, trading of subscription rights of Vonovia SE at Frankfurter Wertpapierbörse (FWB®, the Frankfurt Stock Exchange) will take place as of 24 November 2021.

With this circular, we inform you about the parameters that will apply for trading of the subscription rights. 

Start of trading:  24 November 2021
End of trading:      2 December 2021

2. Requirements for participation

Trading Members have to make sure that the Product Assignment Group of the new instrument is assigned to their trader groups.

3. Details

The following trading parameters will apply:

Instrument nameShort codeISINCCP-eligibleFirst trading dayLast trading day

Vonovia SE BZR

VNAR

DE000A3MQB30

yes

24.11.2021

02.12.2021

Trading parameters for Xetra (MIC: XETR):

Product Assignment GroupMinimum order sizeTrading modelCharacteristics

 DAX1

1

Continuous Trading

At the end of the penultimate trading day of the subscription right, all open orders will be deleted.

On the last trading day, trading will end with a closing auction. It will start at 11:45 CE(S)T at the earliest with a duration of at least five minutes and subsequent trade-at-close period until 12:00 noon CE(S)T, if applicable. On this day, no intraday auction will take place.

Trading parameters for Börse Frankfurt (MIC: XFRA):

Minimum order sizeTrading modelCharacteristics

0.001

Continuous Auction with Special Auction

On the first trading day, trading will start with a Special Auction as of 08:00 CE(S)T. This Special Auction will take  place independent from the first price determination on Xetra (MIC: XETR).

From the second until the penultimate trading day, a Special Auction will take place, starting at the earliest at 12:00 noon CE(S)T.

At the end of the penultimate trading day of the subscription right, all open orders will be deleted.

On the last trading day, trading will end with a Special Auction. Taking into consideration the market and orderbook situation, the Management Board can determine that several Special Auctions may be carried out on the last trading day. However, these do not start before 12:00 noon CE(S)T. If the Management Board decides that one or more additional Special Auctions are to be held, this will be announced via the Newsboard after the regular Special Auction has been held.

These Special Auctions take place independent from the last price determination on Xetra (MIC: XETR).


Please also consider the Attachment:

  • Schedule for trading on Xetra (MIC: XETR) from the first trading day until the penultimate trading day including
  • Schedule for trading on Xetra (MIC: XETR) on the last trading day

Further information

Recipients:

All Xetra® Members and Vendors

Target groups:

Traders, Security Administrators

Contact:

Cash Markets Operations Helpline, tel. +49-69-211-1 14 00

Web:

www.xetra.com

Authorised by
(on behalf of the Management Board):

Tobias Köhler, Bärbel Raschke


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