Softing AG - Capital/Financing Update 2017

News Details

Ad-hoc | 7 June 2017 17:43

Softing AG: Softing has decided to raise its capital

Softing AG / Key word(s): Capital Increase

07-Jun-2017 / 17:43 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP – a service of EQS Group AG.

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

Haar, June 7th, 2017 – Today the Softing Executive Boad has decided to raise the capital of Softing from EUR 6.959.438,00 by up to EUR 695.943 to up to EUR 7.655.381,00 by issuing up to 695.943 new shares against cash and under the preclusion of the shareholders purchase rights. The Softing Supervisory Board has approved this decision.

The new shares are entitled to share in profits effective as of January 1st, 2017. M.M.Warburg will offer the new shares to institutional investors for purchase within a private placement. The exact number of shares being issued and the purchase price per share will be defined by the Softing Executive Board after the completion of an accellerated bookbuilding procedure.

Softing will use the capital raised to finance product development in all segments as well as to finance small and medium sized acquisitions, expected in the remaining time of 2017, in combination with debt.

The Executive Board

Contact:

Dr. Wolfgang Trier

CEO

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Language:	English
Company:	Softing AG
	Richard-Reitzner-Allee 6
	85540 Haar
	Germany
Phone:	+49 (0)89 456 56-333
Fax:	+49 (0)89 456 56-399
E-mail:	[email protected]
Internet:	www.softing.com
ISIN:	DE0005178008
WKN:	517800
Listed:	Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange