ATOSS Software AG Announces Share Split and Capital Increase Plans

ATOSS Software AG, a key player in the software industry, has unveiled plans for a share split following a proposed increase in share capital. The announcement was made on March 8, 2024, outlining measures to be proposed at the Annual General Meeting scheduled for April 30, 2024. This comes alongside an earlier announcement of a dividend distribution of EUR 3.37 per share.

The proposed capital increase will see company funds grow by EUR 7,953,136.00, reaching a total of EUR 15,906,272.00. This initiative involves issuing 7,953,136 new no-par value bearer shares. Each share will represent a notional interest in the share capital of EUR 1.00. Upon approval by the Annual General Meeting, these new shares will carry dividend rights from January 1, 2024.

The purpose behind the capital increase is to facilitate a share split, slated to occur after the transformation of ATOSS's legal form to a Societas Europaea (SE), a process first communicated on July 17, 2023. The share split aims to double the number of company shares while maintaining the current shareholders' equity percentages, anticipating an adjusted share price post-split.

Details of the proposed resolutions and their implications for shareholders will be shared in the upcoming 2024 Annual General Meeting agenda, expected to be published on March 20, 2024.