- Gross proceeds (excluding greenshoe) from the issue for the company totalling EUR 8.7 million will be used for further growth
- All 475,000 offered shares (including over-allotment option) successfully placed
Schöneck, June 18, 2008 – Today, GK SOFTWARE AG together with ICF Kursmakler AG Wertpapierhandelsbank, the bank supporting the issue, set the issue price for the shares offered as part of its IPO at EUR 21.00. Through the successful capital increase total gross proceeds from the issue (excluding greenshoe) of EUR 8.7 million will accrue to the Company which it will primarily invest (less costs of the issue) in its further international expansion.
All of the 475,000 shares of GK SOFTWARE AG were thus placed as part of the transaction. Of this aggregate amount, 415,000 shares stem from a capital increase resolved by the Company’s General Shareholders’ Meeting on May 15, 2008. In addition, 60,000 shares from a capital increase still to be resolved were placed as part of the over-allotment option granted to ICF Kursmakler AG.
If the greenshoe option is fully exercised, the free float will total around 27.5% of GK SOFTWARE AG's share capital (around 24.9% without the greenshoe option being exercised). The shares are scheduled to be traded on Frankfurt Stock Exchange's Regulated Market (Prime Standard) for the first time on June 19, 2008.
Additional information:
International Securities Identification Number (ISIN): DE0007571424
German Securities Identification Number (WKN): 757142
Ticker symbol: GKS
Application filed: Regulated market / Prime Standard of the Frankfurt Stock
Exchange
GK SOFTWARE AG
Waldstraße 7
08261 Schöneck
Germany
(End of ad hoc disclosure)
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. Any offer in Germany is being made exclusively on the basis of the published securities prospectus filed with the German Financial Services Supervisory Authority (BaFin). Any decision to invest in the securities of GK SOFTWARE AG, Schöneck offered should solely be based on the securities prospectus. Copies of the securities prospectus including the published Supplements are available free of charge at the offices of GK SOFTWARE AG, Schöneck, and ICF Kursmakler AG Wertpapierhandelsbank, Frankfurt am Main. 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 the 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. There will be no registration or public offer of any securities of GK SOFTWARE AG, Schöneck, in the United States.
Information and Explaination of the Issuer to this News:
Company Profile
GK SOFTWARE AG is a European technology leader in the development and provision of standard software solutions for the retail industry. It supplies an end-to-end range of products for retail stores and company headquarters. The open and platform-independent software solutions of 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 (as of April 30, 2008) at its headquarters in Schöneck and at three other business locations: 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 approximately 12,000 retail stores in over 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 Executive Board members, Rainer Gläß (CEO) and Stephan Kronmüller (CTO), together with the Executive 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
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611-205855-11
Fax: +49 (0)611-205855-66
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