How does the acceptance process differ for a share offering?
For a share offering, the process additionally includes the subscription of the offering and the corporate implementation of the capital increase.
The process consists of a total of seven steps:
- Investment via the platform: Investors log in and follow the investment process. Existing investors use their existing profile, while all other investors create a new profile and complete verification. They then select the number of shares at the specified share price. Above the minimum subscription, investors may freely choose the number of shares, but only whole shares can be subscribed.
- Digital signature of the subscription offer: Before completing the payment process, investors digitally sign the subscription offer. This document contains the number of shares and the investor's personal details. The custody account name and custody account number may also be included.
- Transfer of the investment amount: The investment amount is calculated by multiplying the number of subscribed shares by the specified share price. This amount is transferred to the payment service provider secupay. All payments remain there until acceptance at the end of the campaign.
- Acceptance of the subscription offers by CONDA Capital: You will receive the acceptance document for signature once the withdrawal period for the most recently completed investment has expired. This period does not apply to exchange-traded shares.
- Issuance of the subscription form: Following acceptance, CONDA Capital prepares the subscription form, which is signed by a member of the management. This subscribes to the capital increase on behalf of each investor for the respective investment amount. All signed subscription offers are stored in WorkDrive so that you can present them as evidence at the notary appointment.
- Payout: The total amount is transferred to your verified bank account. The prerequisite for payout is that all outstanding invoices from CONDA Capital have been settled.
- Registration of the capital increase with the commercial register: Using the subscription form and the individual signed subscription offers, you attend the appointment with the notary and formally complete the capital increase.
Unlike other types of offerings, a share offering additionally requires the digital subscription offer, the subscription form and the subsequent corporate implementation of the capital increase.