Mülheim an der Ruhr, Germany, May 8, 2020. EASY SOFTWARE AG (ISIN: DE000A2YN991, WKN A2YN99) today reached an agreement with the remaining shareholders of its approximately 81% subsidiary EASY APIOMAT GmbH on early settlement of the second partial acquisition of the former Apinauten GmbH in the form of early acquisition of the external shares in EASY APIOMAT GmbH. The purchase price for the acquisition of the remaining shares amounts to approximately TEUR 1,850. Upon determination of the purchase price, financial liabilities posted in the consolidated financial statements of EASY SOFTWARE AG in the amount of approximately TEUR 1,600 are to be resolved, resulting in corresponding extraordinary revenue.
In December 2018, EASY SOFTWARE AG had concluded a purchase agreement for 72.3% of the shares in Apinauten GmbH, Leipzig. This contract provided for Apinauten GmbH to be merged with EASY ENTERPRISE SERVICES GmbH (today: EASY APIOMAT GmbH), a wholly-owned subsidiary of EASY SOFTWARE AG, and for the remaining shares to be acquired in 2020 (cf. ad hoc release dated December 27, 2018).
EASY SOFTWARE AG
The Management Board