Jena, 18 September 2015 – Intershop Communications AG (ISIN: DE000A0EPUH1) has successfully completed the capital increase from authorised capital of up to 1,500,000 new shares with existing shareholders’ subscription rights being excluded as per the decision taken yesterday. A total of 1,500,000 shares were privately placed with institutional investors at a price of EUR 1.10 per share, bringing gross proceeds from the capital increase to EUR 1.65 million. The company’s share capital will be increased by EUR 1,500,000 and will amount to EUR 31,683,484 after the entry in the Commercial Register.
The new shares are to be admitted to trading in the regulated market (Prime Standard) of the Frankfurt Stock Exchange without a prospectus being published. Intershop will use the proceeds from the capital increase for additional investments in strategic growth areas including an expansion of its SaaS offering and its B2B solution.
Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.
This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop's limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.