ATOSS Software AG: ATOSS plans share split following an increase in capital
Munich, March 4, 2020

The Supervisory and Management Boards of ATOSS Software AG have today decided to propose that the annual general meeting on April 30, 2020 - in addition to the payment of a dividend of EUR 2.55 per share as announced in January of this year - should adopt a resolution to apply Company funds in the amount of EUR 3,976,568 to increase the Company's capital to EUR 7,953,136 (as per §§ 207 ff. of the German Stock Corporation Act). It is intended that the increase in capital should be implemented through the issue of 3,976,568 new bearer shares shares each representing a nominal EUR 1.00 in capital stock, with the effect that one new share will therefore be issued for each old share. Subject to the resolution being approved by the AGM, the new shares will carry an entitlement to share in profits with effect from January 1, 2020.

The existing interests in the Company currently held by shareholders will not be in any way altered either by the increase in capital out of Company funds or by the share split. In the event that the proposed resolutions are adopted by the AGM and the amendments to the articles of association entered in the Commercial Register, one new share will automatically be issued for each existing share. It is expected that as a result of the increased number of Company shares which will rise by a factor of 2 (share split), the market price of the shares will be adjusted accordingly.

It is anticipated that the agenda for the 2020 AGM including the proposed resolutions will be published on March 20, 2020 in the Federal Official Gazette (Bundesanzeiger).

Contact

ATOSS Software AG

Christof Leiber / Member of the Management Board
Rosenheimer Straße 141 h,
D-81671 Munich
Tel.: +49 (0) 89 4 27 71 - 0
Fax: +49 (0) 89 4 27 71 - 100
[email protected]