Haar, June 7th, 2017 – Softing AG has successfully placed 695.943 new shares with institutional investors by means of an accelerated bookbuilding procedure. The main shareholder has also substantially participated in the placement. Softing will receive gross proceeds from the placement of the new shares in the amount of € 7,864,156 gross. The placement price was € 11.30 per share. The XETRA closing price was € 11.36, The placement was oversubscribed by more than four times.
The capital increase increases the share capital of Softing AG to € 7,655,381 after registration in the commercial register, the new shares are expected to be admitted to the regulated market of Frankfurt Stock Exchange on June 12th 2017 and as of June 13th 2017 to be included in the existing listing with simultaneous admission to the section of the regulated market with additional subsequent admission obligations (Prime Standard).
The Executive Board
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