Schöneck 17 December 2010, Investors subscribed to all 125,000 new shares, which were part of the increase in share capital announced today; they were sold at an issue price of EUR 50.00 per share through ICF Kursmakler AG. This represents gross proceeds from the issue of EUR 6,250,000.00.
The proceeds from the increase in share capital will primarily be used for the company's ongoing internationalization process and possibly for potential M&A activities. This will enable GK SOFTWARE AG to continue its course of gradually gaining access to new markets as a result of organic growth abroad and empower it to carry on specific ally taking over interesting customer groups.
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 2010 onwards.
Because of the high level of demand for GK SOFTWARE AG shares, GK SOFTWARE Holding GmbH was prepared to make available a secondary offering amounting to 58,300 shares from its stockholding. The secondary offering is also being made to eligible investors as part of a non-public offering in Germany and the rest of Europe at a price of EUR 50.00. By capital increase and placement the freefloat increase to 42.62% of the share capital.
GK Software AG
Waldstraße 7
08261 Schöneck
Deutschland
(End of Ad-hoc-Announcement)
Information and Explaination of the Issuer to this News:
Company profile GK SOFTWARE AG:
GK SOFTWARE AG is one of the leading technology developers and providers of standard software for the retail sector in Europe and has an extensive range of products for stores and enterprise headquarters. As a result of its open software solutions in the GK/Retail Suite, which can be used with any platform and is fully programmed in Java, the company has established itself on the market as a leading provider of technology and innovations. The software provides ideal business organization for retail companies with many stores and therefore offers significant potential for cost savings and customer loyalty programs so that companies can increase their competitiveness.
The company employs 343 members of staff (figures for 30 September 2010) at company headquarters in Schöneck and four other business locations in Berlin, St. Ingbert, Plzen (CZ) and Basel/Riehen (CH). GK SOFTWARE AG can list well-known German and foreign retail companies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzerland), EDEKA, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and Tchibo. The software is currently being used in more than 30 countries at 73,000 POS units in approx. 19,000 stores in Germany and abroad. The company has grown rapidly during the past few years and its sales revenues totaled EUR 23.3 million in 2009. GK SOFTWARE AG achieved EBIT of EUR 4.9 million (EBIT margin of 20.1% on total operating revenue). The two founders and Management Board members, Rainer Gläß (CEO) und Stephan Kronmüller (CTO), in conjunction with the Management Board members Ronald Scholz (COO) and André Hergert (CFO), have made GK SOFTWARE AG a profitable company with strong growth since 1990.
Further information about the company: www.gk-software.com
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-Mail:
