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 new shares are authorised for trading on the Regulated Market/Prime Standard section at the Frankfurt Stock Exchange without the need to publish a brochure. The new shares are entitled to attract dividend payments from 1 January 2019.
The free float proportion of the share capital is increased to 49,28% as a result of the increase in capital.