INTERSHOP Communications AG resolves cash capital increase and places approximately 3.37 million shares
Jena, Germany, June 25, 2019, 10:52 CET/CEST – The Management Board of INTERSHOP Communications AG (ISIN: DE000A0EPUH1) today resolved, with the consent of the company's Supervisory Board, to increase the share capital from authorized capital by close to 9% of the existing share capital. The resolution provides for the share capital to be increased from currently EUR 39,208,309 to EUR 42,582,492 through the issue of 3,374,183 new bearer shares against cash contributions, excluding shareholders' subscription rights. The placement price for the new shares is EUR 1.14. The gross issue proceeds will thus amount to EUR 3.8 million. The shares were subscribed by three institutional investors, i.e. Shareholder Value Beteiligungen AG, Shareholder Value Management AG and AXXION S.A. for several fund mandates. The new shares are entitled to dividends as of 1 January 2019. Following the entry in the commercial register, the new shares are to be admitted to trading without a prospectus in the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) and be included in the current listing.
Intershop will use the proceeds from the capital increase to continue the transformation of the company into the leading provider of digital cloud-based B2B commerce platforms.
About Intershop
Intershop (founded in Germany 1992; Prime Standard: ISHA) enables the world’s leading manufacturers and wholesalers to digitalize, transform, and boost their businesses. Our e-commerce platform and cloud-based technology give B2B companies the power to establish and expand their digital presence, improve customer experience, and increase online revenue. With 30 years experience and a global presence, we help our 300+ clients turn products into profits, customers into business partners, and transactions into lasting relationships.
Intershop is built to boost your business. Learn more 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.
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