EQS Group AG (ISIN: DE0005494165) entered into exclusive negotiations regarding the acquisition of a European provider of cloud software for Governance, Risk & Compliance (GRC). By way of a letter of intent, EQS Group AG has submitted a non-binding offer regarding the acquisition of this company. Currently, there is no assurance that the transaction will be executed.
For purposes of financing this or other future transactions, a capital increase from authorized capital against capital contributions and under exclusion of subscription rights has been decided by the EQS Group AG's management board and supervisory board. The company intends to increase its capital to up to EUR 1,439,875 by issuance of up to 130,897 new shares, which would correspond to a capital increase of up to 10 percent. The new shares would pay dividends from 01 January 2017 and shall only be offered to institutional investors by way of private placement. The placement price per share shall be determined by the company's management board after the conclusion of the placement and shall not be significantly below the market price.
