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Softing AG — Share Issue/Capital Change 2012
Mar 5, 2012
405_rns_2012-03-05_614c464a-a594-4af8-9acc-8e07989b83d8.html
Share Issue/Capital Change
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Ad-hoc | 5 March 2012 16:37
Softing AG: Preliminary figures 2011 – Capital increase
Softing AG / Key word(s): Preliminary Results/Capital Increase
05.03.2012 16:37
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.
Softing AG today announced that based on preliminary figures it generated
consolidated sales of approx. EUR 41 million and consolidated earnings
before interest and taxes (EBIT) of approx. EUR 4.2 million in 2011.
Business continued to be very brisk in the first months of 2012. Softing
expects to record double-digit sales growth from its existing business in
2012, with earnings remaining strong.
Under its non-organic growth strategy, Softing is preparing for one or more
business acquisitions within the next 12 months. Although its liquidity is
good, Softing is securing the availability of the cash funds required for
acquisitions through a capital increase.
The Executive Board of Softing AG therefore resolved today, i.e. on March
5, 2012, with the approval of the Supervisory Board, to increase the
Company's share capital from EUR 5,637,198.00 by up to EUR 805,314.00 (i.e.
approx. 14%) to a maximum of EUR 6,442,512.00 by issuing up to 805,314 new
no-par bearer shares with a pro-rata interest of EUR 1.00 per share in the
Company's share capital at an issue price of EUR 4.40 in return for cash
contributions. Shareholders are granted their statutory subscription right.
The subscription ratio is 7:1. Shares not subscribed by the shareholders
will then again be offered exclusively to the Company's shareholders (extra
subscription). Trading in subscription rights will not be offered. The
subscription period will be two weeks. The subscription is scheduled to be
published in the electronic Federal Gazette on March 06, 2012. The
transaction will be managed by Baader Bank AG.
The Executive Board
05.03.2012 DGAP's Distribution Services include Regulatory Announcements,
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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: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service