KPS AG Announces Successful Cash Capital Increase

KPS AG, a leading European consultancy specializing in digital transformation and process optimization for the retail sector, has announced the successful completion of a cash capital increase on March 12, 2024. The capital increase, which was resolved on March 7, 2024, received an oversubscribed response. As a result, KPS AG has issued 3,741,200 new no-par value registered shares through a private placement, pricing each new share at EUR 1.15. This transaction has raised the company's share capital from EUR 37,412,100.00 to EUR 41,153,300.00, with the gross issue proceeds amounting to EUR 4,302,380.00. The additional funds are intended to bolster KPS AG's equity base. The newly issued shares will be eligible for dividends starting October 1, 2023, and are expected to be traded on the Frankfurt Stock Exchange's regulated market (Prime Standard) soon.