Archive
15.08.2000
Intershop completes placement of 100,000 shares
Hamburg, August 15, 2000 - INTERSHOP Communications AG today announced the successful placement of 100,000 shares (pre split/post split: 500,000) through Bank Vontobel of Switzerland. Because the shares had already been created and registered by Deutsche Börse in March 2000, there is no dilutive effect. The shares have been sold to international institutional investors, and the transaction closed today. The net proceeds of the placement, € 39 million, are to be used for financing and to accommodate potential mergers and acquisitions.
The 100,000 shares are part of a block of 435,000 shares that had been created in March 2000 for a possible NASDAQ listing through an associated capital increase. The remaining 335,000 shares are still reserved for this purpose. This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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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