- Up to 415,000 new shares from capital increase to be offered
- Price range from EUR 21.00 to EUR 23.00
- Subscription period scheduled for June 13 - 18, 2008
- Gross proceeds of up to EUR 10.925 million expected
Schöneck, June 12, 2008 – GK SOFTWARE AG is now planning its initial listing in Frankfurt Stock Exchange's highly regulated Prime Standard for June 19, 2008. Up to 415,000 shares from a capital increase are to be offered as part of the amended issuing concept. In addition, a further up to 60,000 shares are available from a greenshoe option, which stem from a capital increase still to be resolved. The subscription range for the no-par value bearer shares has been set at EUR 21.00 to EUR 23.00 by the company and ICF Kursmakler AG Wertpapierhandelsbank, which is accompanying the issue. The new shares are scheduled to be offered to investors from June 13 to June 18, 2008 as part of a public offer in Germany and a private placement in other European countries. The start of the subscription period depends on prior approval of a corresponding addendum to the prospectus by the German Financial Services Supervisory Authority (BaFin). If the capital increase including the greenshoe option is successfully placed, gross proceeds from the issue of between EUR 9.975 million to EUR 10.975 million will accrue to the company. The company plans to invest these proceeds (less issue costs) over the short term in its further growth. The successful placement of the capital increase will increase the company's share capital from its current total of EUR 1,250,000 to up to EUR 1,725,000 (if the greenshoe option is fully exercised). At the same time, the company will have a free float of around 25% (or around 27.5% if the greenshoe option is fully exercised).
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 / Michael Diegelmann
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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