Schöneck, June 10, 2008 – Today, GK SOFTWARE AG, together with the lead manager and sole bookrunner ICF Kursmakler AG Wertpapierhandelsbank, has decided to change the issuing concept for its proposed IPO. It is expected that the shares offered by the company will only consist of shares from a capital increase. Since the amended issuing concept requires a supplement to the securities prospectus subject to approval by the Bundesanstalt für Finanzdienstleistungsaufsicht, the commencement of trading in the shares of GK SOFTWARE, which was initially scheduled for June 11, 2008, will be postponed. The company will publish details of the amended issuing concept and the time schedule in good time.
Additional information:
ISIN: DE0007571424
German Securities Code (WKN): 757142
Stock Market Symbol: GKS
Application filed: Frankfurt Stock Exchange’s Regulated Market / Prime
Standard
GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Germany
Information and Explaination of the Issuer to this News:
Company Profile
GK SOFTWARE AG is a technologically leading European solutions provider of standardized software for the retail sector. It supplies an end-to-end range of products for retail stores and company headquarters. The open and platform-independent software solutions in the GK/Retail Suite, which are fully programmed in JAVA, have allowed the company to establish itself on the market as a technology and innovation leader. The software allows retail chains to optimize their company's organization and to create significant potential for cost savings as well as to realize customer loyalty potential in order to increase competitiveness. The key features of the solutions are: international applicability, consistent use of open standards and SOA (Service Oriented Architecture) capability. As GK/Retail is genuine standard software, parameters can be used to make the necessary adjustments to meet most customer requirements. This reduces the programming effort and allows rapid project completion. At the same time, solutions for customers remain releasable and new functions can be introduced by a release change. A key component of the modular software is also the StoreWeaver integration platform, which connects all the subsystems in a retail store and also provides a powerful interface for enterprise systems such as ERP or CRM solutions.
The company currently employs 166 employees at its headquarters in Schöneck and at three other business locations (as of April 30, 2008): Berlin, Pilsen in the Czech Republic and Basel/Riehen in Switzerland. GK SOFTWARE AG can list well-known German retail stores among its customers which include, for example, Galeria Kaufhof, Parfümerie Douglas, EDEKA Hannover-Minden, Lidl, Netto Markendiscount and Tchibo, as well as its first international customer Coop, headquartered in Switzerland. The company’s software solutions are being used in around 12,000 retail stores with more than 50,000 installations in currently 22 countries worldwide. The company has grown quickly over the past few years and its revenues reached EUR 10.7 million in 2007. The company’s EBIT amounted to EUR 2.3 million (EBIT margin of 21.7%). Since 1990, the two founders and Managing Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together with the Managing Board members Ronald Scholz (COO) and André Hergert (CFO) have grown GK SOFTWARE to become a fast-growing, profitable company.
For further information visit the company’s website www.gk-software.de.
Investor relations contact:
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
E-mail:
Disclaimer
This publication does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No public offer of securities of GK SOFTWARE AG, Schöneck, is being, or will be, made outside Germany. A potential renewed offer in Germany will be made exclusively on the basis of the securities prospectus which has been published and filed with the Bundesanstalt für Finanzdienstleistungsaufsicht in connection with a prospectus supplement yet to be approved by the Bundesanstalt and published. Copies of the securities prospectus as well as the prospectus supplement then published will be available at the appropriate time free of charge at the offices of GK SOFTWARE AG, Schöneck, and ICF Kursmakler AG Wertpapierhandelsbank, Frankfurt.
This publication and the information contained therein is not for distribution or publication, neither directly nor indirectly, in or into the United States of America, Canada, Australia or Japan.
This publication does not constitute an offer for sale of any securities into the United States. Securities, including any shares of GK SOFTWARE AG, Schöneck, in the course of a potential renewed offer, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in the Regulation S under the US Securities Act of 1933 as amended (the 'Securities Act')) unless they are registered under the Securities Act or exempt from registration. It is not intended to register a prospective offer in the United States or to make a public offer of securities in the United States.
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