• In the context of a capital increase, shareholders can sell subscription rights they have received both efficiently and at fair prices, or acquire additional subscription rights.
• A subscription right is accorded to existing shareholders in a company in the event of a capital increase.
• The shareholders can – within a subscription period defined by the Management Board (at least two weeks) – either exercise the subscription right or sell it through the exchange, should the company have envisaged this option.

On receipt of the issuer’s application, the management of the Frankfurt Stock Exchange decides whether to include the subscription rights in trading.

Trading times: Xetra: 9:00 a.m.-5:30 p.m.
Tradable instruments: Subscription rights on shares that are admitted to the Regulated Market at the Frankfurt Stock Exchange or are included in trading there.