Softing has decided to raise its capital
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Haar, July 3rd, 2014 – Today the Softing Executive Boad has decided to raise the capital of Softing from € 6.508.438,-- by up to € 451.000,-- to up to € 6.959.438,-- by issuing up to 451.000 new shares against cash and under the preclusion of the shareholders purchase rights. The Softing Supervisory Board has approved this decision.
The new shares are entitled to share in profits effective as of January 1st, 2014. The new shares have been offered to M.M.Warburg & CO (AG& Co.) Kommanditgesellschaft auf Aktien, Hamburg. M.M.Warburg will offer the new shares to institutional investors for purchase within a private placement. The exact number of shares being issued and the purchase price per share will be defined by the Softing Executive Board after the completion of an accellerated bookbuilding procedure.
Softing will use the capital raised to finance its new product initiative within the next two years including the creation of a new channel distribution network in North America. These activities will enable Softing to exploit the synergies resulting from three acquisitions made in the first half of 2014.
The Executive Board