EQS Group AG decides on 7.5% capital increase
Equity as part of financing of Business Keeper GmbH acquisition
Munich - 16 June 2021
Today, the Management Board of EQS Group AG (ISIN: DE0005494165) decided with the approval of its Supervisory Board, to increase the share capital against cash contributions and by partially using the 2021 authorised capital, however without subscription rights for existing shareholders. The new equity is part of the financing of the Business Keeper GmbH acquisition. Together with the existing cash and the bank loan, the funds will be used for the payment of the first purchase price tranche of EUR 80 million.
The company plans to issue up to 590,000 new shares and will thus increase its share capital to up to EUR 8,472,251 which would be an increase by about 7.5%. These new shares should be eligible for profit participation from 01 January 2021 and will be available to institutional investors under private placements through a placement process. The Management Board will determine the placement price which should probably not be significantly below the stock price after the completion of the process.
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EQS Group is a leading international provider of regulatory technology (RegTech) in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.
EQS Group's products are pooled in the cloud-based software EQS COCKPIT. They ensure the professional control of compliance workflows in the fields of whistleblower protection and case management, policy management, insider list management and disclosure obligations. In addition, listed companies benefit from a global newswire, investor targeting and contact management, IR websites, digital reports and webcasts for efficient and secure investor communications.
EQS Group was founded in 2000 in Munich, Germany. Today the group employs over 500 professionals and has offices in the world's key financial markets.
16.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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