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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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News Details

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

[email protected]

www.gft.com**

End of Corporate News


04.04.2011 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG.

The issuer is solely responsible for the content of this announcement.

DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Media archive at www.dgap-medientreff.de and www.dgap.de


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