MUNICH (dpa-AFX) - The private placement of shares by the two largest shareholders of software specialist Atoss has been completed. The parties had each sold 541,667 shares at a placement price of 120 euros each, the SDax company announced in Munich on Friday. This corresponds to around 6.81 percent of the share capital. The total placement volume amounted to around 130 million euros. The two major shareholders are AOB Invest, a company owned by Andreas Obereder, CEO and founder of Atoss Software, and General Atlantic Chronos.
According to Atoss, the aim of the placement was to increase the free float and thus presumably increase the liquidity of the Atoss share and broaden the base of institutional investors.
As planned, AOB also transferred around five percent of Atoss to General Atlantic at a previously agreed price. The corresponding agreement between the two companies was concluded in June 2023. Following the two transactions, AOB Invest's stake will fall from 30 percent to around 21.59 percent. General Atlantic will increase its stake from 19.99 percent to around 21.58 percent./lew/stk