INTERSHOP Communications : decides to increase capital against cash contributions and places roughly 3,168 million shares at issue price of EUR 1.62
May 07, 2018 at 11:25 am EDT
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DGAP-Ad-hoc: Intershop Communications AG / Key word(s): Capital Increase
INTERSHOP Communications AG decides to increase capital against cash contributions and places roughly 3,168 million shares at issue price of EUR 1.62
07-May-2018 / 17:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Jena, 7 May 2018 - The Management Board of INTERSHOP Communications AG (ISIN: DE000A0EPUH1) today decided, with the consent of the Supervisory Board, to use the authorized capital to increase the company's share capital against cash contributions by close to 10% of the existing share capital. The share capital is increased from EUR 31,683,484 to EUR 34,851,831 by issuing 3,168,347 new bearer shares against cash contributions in an ex-rights issue. The new shares were issued at a price of EUR 1.62 and are entitled to profit as of 1 January 2018. The total issue proceeds before costs amount to approximately EUR 5.133 million.
The new shares were subscribed by three institutional investors, AXXION S.A. for several fund mandates, Shareholder Value Beteiligungen AG and Shareholder Value Management AG. Following the entry in the commercial register, the new shares are to be admitted to trading in the regulated market (Prime Standard) of the Frankfurt Stock Exchange without prospectus and be included in the current listing.
Intershop will use the proceeds from the capital increase to accelerate the company's transformation towards the cloud business.
07-May-2018 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Language:
English
Company:
Intershop Communications AG
Intershop Tower
07740 Jena
Germany
Phone:
+49 (0)3641-50-0
Fax:
+49 (0)3641-50-1309
E-mail:
ir@intershop.de
Internet:
www.intershop.de
ISIN:
DE000A0EPUH1
WKN:
A0EPUH
Indices:
CDAX, PRIMEALL, TECHALLSHARE
Listed:
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
INTERSHOP Communications AG is a provider of integrated enterprise solutions for omni-channel commerce. The Company operates in two business segments: Products and Service. The Products business segment comprises licensing revenues and maintenance revenues. The Service business segment includes revenues from consulting services and training, and full services revenue. Its segments include Europe, USA and Asia/Pacific. The Europe segment includes the sales activities of the Company, Intershop Communications LTD and Intershop Communications SARL. The USA segment includes the sales activities of Intershop Communications Inc., mainly in North America, as well as the sales activities of the Company in this region. The Asia-Pacific segment includes the sales activities of INTERSHOP Communications Australia Pty Ltd and Intershop Communications Asia Limited. The Company offers packaged software for Internet sales, complemented by all other services. It offers Intershop Commerce software.
INTERSHOP COMMUNICATIONS AKTIENGESELLSCHAFT 
