- Planned issue of up to 485,000 shares from capital increase
- Gross proceeds from the issue of EUR 16.975 million expected for the company
- Subscription period presumably from June 3 – 10, 2008
- Initial listing in Prime Standard scheduled for June 11, 2008
As a result, GK SOFTWARE AG is expecting gross proceeds from the issue of up to EUR 16.975 million, which will be used for the company's further growth. The public offer begins on June 3, 2008 and is expected to run until noon on June 10 for retail investors and 2 pm for institutional investors. The shares are to be admitted to trading in the Frankfurt Stock Exchange's strictly regulated Prime Standard segment on June 11, 2008 with the German Securities Code (WKN) 757142 / ISIN DE0007571424.
When the 415,000 bearer shares, each with a theoretical interest of EUR 1.00 in the share capital, are successfully placed, GK SOFTWARE AG's share capital will initially increase from EUR 1,250,000 to EUR 1,665,000. In addition, the issuing concept also includes placing a further 209,000 shares from the holdings of existing shareholders. A further up to 70,000 shares from another capital increase that could also be implemented are available as part of a greenshoe option. The share capital would thus then increase to EUR 1,735,000. The free float would be 40% if the issuing volume including the greenshoe is successfully placed. The remaining 60% of the shares will continue to be held by the two founders and Managing Board members Rainer Gläß and Stephan Kronmüller directly and also via the investment company GK Software Holding GmbH.
'The IPO will further drive our growth,' explained CEO Rainer Gläß. 'Pressure on retail companies to invest in high-performance IT systems has increased significantly over the past few years. As a technology leader, we intend to profit substantially from the expected boom and drive our growth.' GK SOFTWARE is already a leading provider of high-performance solutions for retail companies. Based on its excellent references from leading German retailers, GK SOFTWARE AG plans to further increase its market share in Germany and also to acquire companies with several branches in Europe and the US as customers. GK SOFTWARE AG has already taken the first step towards successful internationalization by recently acquiring the Swiss retail company Coop.
GK SOFTWARE AG's IPO is being supported by the securities trading bank ICF Kursmakler AG. The company's securities offering prospectus, approved by BaFin, and the first addendum can be downloaded from the Web site www.gk-software.de (Investor Relations section).
Overview
