Source: EQS Group
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.