SimCorp decides to issue new shares in connection with the acquisition of APL Italiana S.p.A.
As announced earlier in Company Announcement No. 28/2017, SimCorp has planned issuance of shares as part of the acquisition of APL Italiana S.p.A. Today, SimCorp’s Board of Directors has decided the following: SimCorp will issue new shares directed towards Carlo Alberto Spinicci, Lorenzo Cavalleri and Ferrante Gaetani dell'Aquila d'Aragona, which in total will subscribe for SimCorp shares at the amount of EUR 10m. The new shares will be subscribed for by contribution of shares in APL Italiana S.p.A. The subscription price has been determined as the market price of SimCorp's shares.