Schöneck, 18 March 2010 - The company founders and members of the GK SOFTWARE AG board, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), have today informed the company that they have sold 180,000 of the shares that they jointly held in GK Software Holding for a unit price of EUR 50 in the form of a private issue. The buyers are institutional investors based in Germany and elsewhere in Europe.
This issue means that the free float has increased from 24.01% to 34.82%. At the same time, the percentage of equity held by GK Software Holding GmbH in GK SOFTWARE AG has fallen from 70.57% to 59.76%. As a result, the company founders, Rainer Gläß and Stephan Kronmüller, continue to directly and indirectly have a majority holding in the company with 65.18% of all the shares.
GK Software AG
Waldstrasse 7
08261 Schöneck
Germany
(Ende der Ad-hoc-Mitteilung)
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 277 members of staff (figures for 31 September 2009) at company head-quarters 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 com-panies among its customers, including Galeria Kaufhof, Parfümerie Douglas, Coop (Switzer-land), EDEKA Hannover-Minden, Hornbach, JYSK Nordic, Lidl, Netto Marken-Discount and Tchibo. The software is currently being used in more than 25 countries at 70,000 POS units in approx. 18,500 stores in Germany and abroad.
The company has grown rapidly during the past few years and its sales revenues totaled EUR 15.0 million in 2008. GK SOFTWARE AG achieved EBIT of EUR 2.8 million (EBIT margin of 18.5% 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.
Investor Relations
GK SOFTWARE AG
Dr. René Schiller
Tel.: +49 (0)37464-84-264
Fax: +49 (0)37464-84-15
E-mail:
