The proceeds from the capital increase will primarily be used for the company’s ongoing internationalization process and the geographic expansion of the business of the company. 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 2014 onwards. The free float will increase to 44.79% of the share capital due to the capital increase after the entry in the commercial register. In connection with the stake of new shares SAP gets a preemption right at the shares held directly and indirectly by the both founders Rainer Gläß and Stephan Kronmüller until 31.12.2020.
GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
(End of Ad-hoc-Announcement)