Today the Fallmann & Bauernfeind Privatstiftung has informed Fabasoft AG (ISIN AT0000785407, WKN 922985, Prime Standard) that it intends to sell up to 400,000 shares of Fabasoft AG in a private placement today. Fallmann & Bauernfeind Privatstiftung intends to use the sale to increase the free float and thus the liquidity of Fabasoft shares without giving up control of the company. The private placement is being accompanied by M.M.Warburg & CO.
Fabasoft is a European software manufacturer and provider of cloud services. Fabasoft's software and cloud services ensure the consistent capture, organisation, secure storage and context-sensitive finding of all digital business documents as well as the media-neutral multi-channel publishing of digital contents (www.fabasoft.com).
Fabasoft AG (ISIN AT0000785407; WKN 922985; Bloomberg Code FAA GY; Reuters Code
FAAS.DE)
Linz, 6 July 2020
Leopold Bauernfeind, Member of the Managing Board
E-mail: Leopold.Bauernfeind@fabasoft.com, Telephone: +43 732 60 61 62
06.07.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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