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GK Software SE — Capital/Financing Update 2010
Dec 17, 2010
184_rns_2010-12-17_490adcd3-28a6-49d0-bc1a-7eb628616393.html
Capital/Financing Update
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News Details
Ad-hoc | 17 December 2010 19:10
GK Software AG: Capital increase against cash successfully and completely allotted
GK Software AG / Key word(s): Capital Increase
17.12.2010 19:10
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Schöneck 17 December 2010, Investors subscribed to all 125,000 new shares,
which were part of the increase in share capital announced today; they were
sold at an issue price of EUR 50.00 per share through ICF Kursmakler AG.
This represents gross proceeds from the issue of EUR 6,250,000.00.
The proceeds from the increase in share capital will primarily be used for
the company's ongoing internationalization process and possibly for
potential M&A activities. This will enable GK SOFTWARE AG to continue its
course of gradually gaining access to new markets as a result of organic
growth abroad and empower it to carry on specific ally taking over
interesting customer groups.
The new shares are to be authorized for trading on the Regulated
Market/Prime Standard section at the Frankfurt Stock Exchange without the
need to publish a prospectus. The new shares will entitle their holders to
share in profits from 1 January 2010 onwards.
Because of the high level of demand for GK SOFTWARE AG shares, GK SOFTWARE
Holding GmbH was prepared to make available a secondary offering amounting
to 58,300 shares from its stockholding. The secondary offering is also
being made to eligible investors as part of a non-public offering in
Germany and the rest of Europe at a price of EUR 50.00. By capital increase
and placement the freefloat increase to 42.62% of the share capital.
GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
(End of Ad-hoc-Announcement)
Information and Explaination of the Issuer to this News:
Company profile GK SOFTWARE AG:
GK SOFTWARE AG is one of the leading technology developers and providers of
standard software for the retail sector in Europe and has an extensive
range of products for stores and enterprise headquarters. As a result of
its open software solutions in the GK/Retail Suite, which can be used with
any platform and is fully programmed in Java, the company has established
itself on the market as a leading provider of technology and innovations.
The software provides ideal business organization for retail companies with
many stores and therefore offers significant potential for cost savings and
customer loyalty programs so that companies can increase their
competitiveness.
The company employs 343 members of staff (figures for 30 September 2010) at
company headquarters in Schöneck and four other business locations in
Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can
list well-known German and foreign retail companies among its customers,
including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA,
Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and Tchibo. The software
is currently being used in more than 30 countries at 73,000 POS units in
approx. 19,000 stores in Germany and abroad. The company has grown rapidly
during the past few years and its sales revenues totaled EUR 23.3 million
in 2009. GK SOFTWARE AG achieved EBIT of EUR 4.9 million (EBIT margin of
20.1% on total operating revenue). The two founders and Management Board
members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction
with the Management Board members Ronald Scholz (COO) and André Hergert
(CFO), have made GK SOFTWARE AG a profitable company with strong growth
since 1990.
Further information about the company: www.gk-software.com
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail: [email protected]
17.12.2010 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: GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
Phone: +49 (0)3 74 64 84 - 0
Fax: +49 (0)3 74 64 84 - 15
E-mail: [email protected]
Internet: www.gk-software.com
ISIN: DE0007571424
WKN: 757142
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Stuttgart
End of Announcement DGAP News-Service