ELARIS AG Implements Borrowing Structure Adjustment and Increases Free Float

Bad Dürkheim, 14 August 2024 – ELARIS AG has completed the planned optimisation of its borrowing structure. This process involved converting numerous lender claims into company shares, sourced from the holdings of major shareholder Elaris Holding GmbH. Consequently, the free float of ELARIS shares, including those held by NEON EQUITY AG, has risen from 8.9% to approximately 12%.

Lars Stevenson, CEO and Founder of ELARIS AG, expressed satisfaction with the completion of the borrowing structure adjustment, highlighting that lenders have now become shareholders. This increase in free float is expected to enhance the attractiveness of ELARIS shares in the capital market.