The net proceeds of issuing the shares from the increase in capital will primarily be used for the planned establishment of the Retail Excellence Center together with SAP SE and the further development of the solution world in the areas of Fuel, Artificial Intelligence for Retail (AIR), Fiscalization and Cloud. This is intended to further expand the company's market-leading position and tap new potential.
The number of shares to be issued and the offer price will be decided and announced after the conclusion of the accelerated bookbuilding process.
The new shares will be authorised for trading on the Regulated Market/Prime Standard section of the Frankfurt Stock Exchange without the need to publish a brochure. The new shares, like the existing ones, are entitled to attract dividend payments from 1 January 2019 onwards.