KPS AG Announces Capital Increase of EUR 3,741,200 Through Private Placement

KPS AG, on the 7th of March 2024, declared a resolution passed by its Executive Board, with approval from the Supervisory Board, to augment its share capital by EUR 3,741,200. This increase is realized through the issuance of up to 3,741,200 new no-par value registered shares, each with a share capital value of EUR 1.00. This move, aimed at enhancing the company's equity base, will escalate the total share capital to EUR 41,153,300. The new shares, priced at EUR 1.15 each, will bestow dividend rights from 1st October 2023 and are intended for private placement to select investors, including current major shareholders.

The new shares will be assimilated into the regulated market trading at the Frankfurt Stock Exchange, under the Prime Standard segment, bypassing the need for a prospectus. Through this capital increase, KPS AG anticipates gross issue proceeds approximating EUR 4,302,380, contingent on the full placement of the new shares. This financial maneuver underscores KPS AG’s strategic intent to consolidate its financial base and fuel future growth initiatives.