on EASY SOFTWARE AG (isin : DE0005634000)
EASY SOFTWARE AG Strengthens Capital and Reduces Debt via Swap
EASY SOFTWARE AG has announced a strategic move to enhance its equity base and decrease its debt. The company's share capital sees an increase of EUR 1,105,511.00, raising it to EUR 7,547,550.00. This increase was executed through contributions in kind, bypassing shareholder subscription rights, and has been officially registered.
Conrizon AG, the majority shareholder, subscribed to the new shares, converting shareholder loans through a debt-to-equity swap. This transaction results in conrizon's stake rising by approximately 3.1%, now totaling around 81.8% of the company's share capital. The move effectively reduces EASY SOFTWARE's financing costs by roughly EUR 610,000.00 annually, thus strengthening financial stability.
R. E.
Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all EASY SOFTWARE AG news