EQS Group AG
EQS Group AG decides on 5 % capital increase
EQS Group AG / Key word(s): Capital Increase EQS Group AG decides on 5 % capital increase
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 2020 authorised capital, however without subscription rights for existing shareholders. The funds to be received will be used for financing the company’s growth in the field of corporate compliance. The company plans to issue about 350,000 new shares and will thus increase its share capital to up to EUR 7,524,890 which would be an increase by about 5 %. These new shares should be eligible for profit participation from 01 January 2020 and will be available exclusively 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. The expected net proceeds should predominantly be used for growth financing in the field of corporate compliance. Given the approaching date for a mandatory introduction of a whistle-blower system by companies active in the European Union at the end of 2021, it is planned to gradually increase the marketing and sales spending in the upcoming quarters to get in an optimum position for customer acquisition. EQS Group AG prepared a preliminary investment plan for that purpose and is conducting advanced discussions with a SaaS provider to strengthen its corporate compliance. More information: Receive news from EQS Group AG free of charge on your mobile device: via DGAP News App directly to your AppleWatch or iPhone (http://newsapp.dgap.de/). 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 350 professionals and has offices in the world’s key financial markets. Contact: André Marques CFO Tel.: +4989-444430033 Mobile: +49175-5250009 Email.: andre.marques@eqs.com
04-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | EQS Group AG |
Karlstr. 47 | |
80333 Munich | |
Germany | |
Phone: | +49(0)89 210298-0 |
Fax: | +49(0)89 210298-49 |
E-mail: | info@eqs.com |
Internet: | www.eqs.com |
ISIN: | DE0005494165 |
WKN: | 549416 |
Indices: | Scale 30 |
Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1152802 |
End of Announcement | DGAP News Service |