by Anke Bebber
Jena, Germany, February 14, 2019 – Intershop Communications AG (ISIN: DE000A0EPUH1) successfully completed the capital increase by way of rights issue initiated in mid-January 2019 and placed a total of 4,356,478 new shares. 3,115,525 of the new shares were attributable to subscription rights exercised by existing shareholders. This represents a subscription ratio of 72%. The remaining shares were also subscribed by existing shareholders as part of an oversubscription. Intershop will receive gross proceeds of EUR 4.97 million from the issue.
“We are pleased to see such a large number of our existing shareholders participate in the capital increase,” said Dr. Jochen Wiechen, CEO of Intershop Communications AG. “At the roadshow, we received a lot of positive feedback on our strategic course from both existing and potential new investors. We will leverage the extended financial scope to vigorously implement our objectives for 2019, at the heart of which is the strong expansion of the cloud customer base.”
The capital increase became effective with today's entry in the Commercial Register at the Jena local court. The company’s share capital has increased from EUR 34,851,831 to EUR 39,208,309 through the issue of 4,356,478 new shares against cash contribution. 555,000 of the new shares are subject to a six-month lock-up and have a separate ISIN (DE000A2TSRZ7). The remaining 3,801,478 shares are expected to be admitted to trading in the Prime Standard of the Frankfurt Stock Exchange mid next week under ISIN DE000A0EPUH1. The transaction was managed by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt.
As announced, the preliminary figures for 2018 will be published on February 20, 2019.
This announcement does not constitute an offer of securities for sale or a solicitation of an offer to purchase or subscribe securities of INTERSHOP Communications Aktiengesellschaft in the United States, Germany or any other jurisdiction. This offer is due to the intended issue proceeds of less than EUR 5 million not subject to and based on a securities prospectus pursuant to the German Securities Prospectus Act. Each shareholder is required to inform himself about INTERSHOP Communications AG and its securities prior exercising his or her subscription rights. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed, for any purpose, on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change.
This notification may not be distributed or released directly or indirectly in the United States of America or within the United States of America (including its territories or premises, a state or the Districts of Columbia) and may not be distributed to "U.S. persons" (as defined in Regulation S des U.S. Securities Act of 1933 of its respectively current version ("Securities Act")) or passed on to publications with a general distribution in the United States of America. This notification does not constitute an offer respectively an invitation to issue an offer for the sale or subscription of securities in the United States nor is it part of such offer or invitation. Securities may not be offered or sold in the United States without registration or, absent such registration, due to an exemption from registration under the U.S. Securities Act of 1933, as amended. It is not intended to register any part of the offering in the United States or to conduct a public offering of securities in the United States.
Subject to certain exceptions under applicable securities laws, the securities referred to in this announcement may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan. No action has been taken that would permit an offering of the securities or their subscription or the distribution of this announcement in any jurisdiction where such offering, subscription or distribution is prohibited. Persons who obtain this announcement are required to inform themselves about potential restrictions and to observe any such restrictions.
This announcement contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of INTERSHOP Communications Aktiengesellschaft and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described herein due to factors affecting INTERSHOP Communications Aktiengesellschaft such as, among other things, changes in the general economic and competitive environment, capital market risks, currency exchange rate fluctuations and competition from other companies, and changes in international and national laws and regulations, in particular with respect to tax laws and regulations. INTERSHOP Communications Aktiengesellschaft does not assume any obligation to update any forward-looking statements.