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GFT Technologies SE — Share Issue/Capital Change 2011
Apr 4, 2011
182_rns_2011-04-04_c2b2bae5-21ea-4752-8742-8b8ef61dc6dd.html
Share Issue/Capital Change
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Corporate | 4 April 2011 15:43
GFT welcomes placement of 4.74 percent of share capital
GFT Technologies AG / Key word(s): Miscellaneous
04.04.2011 / 15:43
GFT welcomes placement of 4.74 percent of share capital
Stuttgart, 4 April 2011 – The Executive Board of GFT Technologies AG has been informed about the placement of shares formerly held by the AvW Group. The shares were purchased in full by institutional investors in Germany in the course of a structured transaction. 'We are delighted that the shares have now been successfully placed with investors who have known GFT for many years,' says GFT's CEO Ulrich Dietz who welcomes the transaction. 'The past year was particularly successful for the GFT Group and this is reflected in our share price performance. The strong interest in the placement has shown that the GFT share is regarded by the capital market as a safe and attractive investment.'
The placement volume corresponds to 4.74 percent of the company's total 26,325,946 no-par value shares. Following the transaction, the AvW Group no longer holds any voting rights in GFT Technologies AG, whose shareholder structure remains stable: 28.46 percent are still held by the company's founder Ulrich Dietz. Maria Dietz owns 9.68 percent of shares. Former GFT Supervisory Board member Dr. Markus Kerber holds 5 percent of voting rights. The free float portion accounts for 56.86 percent of shares.
'By purchasing these share packages, institutional investors have demonstrated their trust in the GFT share,' states Ulrich Dietz. 'The capital market has recognised the strength of GFT. With our portfolio of products and services, we are excellently positioned and will continue to pursue our course for sustainable growth.'
**About GFT:
The GFT Group, headquartered in Germany, is an international provider of innovative IT solutions and services. As a strategic IT partner, GFT supports its clients in the optimisation of their business processes through intelligent IT systems and specialists and thus sustainably improves their competitive positions.
GFT is among the world’s leading IT service providers in the financial services sector. The company combines established technology experience with a wide range of industry expertise, in order to develop, implement and maintain customised IT solutions ( Services division).
GFT recruits and places IT freelancers across a range of industries and locations. It also oversees the complete management package for its clients. The basis for this is a worldwide reserve of experts, consisting of over 180,000 freelance IT specialists ( Resourcing division).
Ulrich Dietz founded GFT in 1987 and is now CEO and principal shareholder of the Group which, in 2010, achieved revenues of around EUR 248 million. It has 1,300 employees at locations in seven countries. The GFT share is listed on the Frankfurt Stock Exchange (Prime Standard: WKN 580 060, GEX).**
**Contact:
Andrea Wlcek
Director Global Marketing, Media & Investor Relations
GFT Technologies AG
Filderhauptstraße 142
70599 Stuttgart
Germany
T +49 711 62042-440
F +49 711 62042-301
www.gft.com**
End of Corporate News
04.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.
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| Language: | English |
| Company: | GFT Technologies AG |
| Filderhauptstr. 142 | |
| 70599 Stuttgart | |
| Deutschland | |
| Phone: | +49 (0)711/62042-0 |
| Fax: | +49 (0)711/62042-301 |
| E-mail: | [email protected] |
| Internet: | www.gft.com |
| ISIN: | DE0005800601 |
| WKN: | 580060 |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart |
| End of News | DGAP News-Service |
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| 118358 04.04.2011 |