Softing AG resolves to increase capital against contributions in kind by approx. 19% of the share capital
Haar, 16 March 2018 – Based on the authority of the general shareholders‘ meeting of Softing AG of 6 May 2015 (authorized capital 2015), the management board of Softing AG with the approval of the supervisory board of the company today resolved to increase the share capital of the company by EUR 1,450,000.00 - from EUR 7,655,381.00 to EUR 9,105,381.00 - against contributions in kind, by issuing 1,450,000 new no-par value bearer shares at an issue price of EUR 9.43. The shareholders’ subscription right has been excluded. The new shares carry full dividend rights as at 1 January 2018. Mr. Alois Widmann, Vaduz, Principality of Liechtenstein, will be permitted to subscribe and hold the new shares. Mr. Widmann will contribute all his shares in Globalmatix Aktiengesellschaft, domiciled in Vaduz, Liechtenstein, to the company. The company and Mr. Widmann have today concluded the corresponding contribution agreement.
Globalmatix AG is a Mobile Virtual Network Operator (MVNO) that offers mobile data communication for vehicles and machines in Europe and North America, as such are required in the area of (semi-) autonomous driving as well as for other connected services in vehicles and machines.
With this acquisition, Softing significantly expands its competencies in the megatrends digitalization and industry 4.0, and thus builds the foundation for new, service-oriented revenue streams.
Issuer’s information and explanation concerning this notification:
Not for distribution or publication in the United States of America (including its territories and domains), Canada, Japan, or Australia and other countries where such publication may be illegal. In some countries, the publication of this notification may be subject to legal restrictions, and anyone possessing this document or the information referenced therein should obtain information on such restrictions and comply with them. Non-compliance with such restrictions may constitute a violation of the capital market regulations of such countries.