Unterföhring/Munich, 30 June 2017 - With the participation of ODDO SEYDLER BANK AG, Frankfurt am Main, the four founders and principal shareholders of KPS AG (ISIN: DE000A1A6V48), Michael Tsifidaris, Dietmar Müller, Leonardo Musso and Uwe Grünewald, reallocated a total of 4,390,000 KPS shares to the institutional investors Allianz Global Investors, DWS, and Union Investment.
The volume of the reallocation amounts to approximately 11.7% of the registered capital. The selling price per share is EUR 12.50. The company expects the relevant settlement of the transaction to be completed today. The four main shareholders will then retain an interest in KPS AG of around 67.1%.
“We are proud of the trust placed in the company by these renowned investors and of their long-term commitment. With this expansion of the circle of shareholders, KPS AG has taken a major step towards qualifying for inclusion into a selection index of Deutsche Börse”, says Michael Tsifidaris, chairman of the supervisory board of KPS.