Ad Hoc Announcements 2007

26.07.2007

Intershop Implements Cash Capital Increase

Jena, July 26, 2007 – Intershop Communications AG (Prime Standard: ISH2) today announced the resolutions by the Company’s Management Board and Supervisory Board to implement a cash capital increase from authorized capital while disapplying stockholders’ pre-emptive rights by issuing 1.6 million new no-par value bearer shares. A number of investors, who will each acquire tranches of at least 50,000 shares, were admitted to subscribe for the new shares at an issue price of EUR 3.00 per share. Pricing is based on the average XETRA daily closing price at the Frankfurt Stock Exchange in a five banking day reference period preceding the resolutions. Application will be made shortly to enter the capital increase in the commercial register and to admit the new shares to trading on the stock exchange. Intershop’s capital action will increase its free liquidity by EUR 4.8 million. Thus provide the new management with the financial capacity for concluding restructuring and the active expansion of the fulfillment business area.
The issue of the new shares will increase the total number of Intershop ordinary bearer shares issued and in circulation by 1,600,000 from 22,750,821 to 24,350,821.

 

 

Investor Relations:
Annett Körbs
T: +49-3641-50-1370
F: +49-3641-50-1309
ir@intershop.de

Public Relations:
Dr. Ute Danz
T: +49-3641-50-1000
F: +49-3641-50-1002
pr@intershop.de

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