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EASY SOFTWARE AG strengthens equity base and reduces debt through debt-to-equity swap

Essen, 31 October 2024 – The Management Board of EASY SOFTWARE AG (the “Company”) (WKN A2YN99) announces that the Company’s share capital has been increased by EUR 1,105,511.00 to EUR 7,547,550.00, making partial use of the authorized capital. The capital increase was made against contributions in kind, excluding shareholders’ subscription rights and has been registered with the commercial register today. The Company’s majority shareholder, conrizon AG (“conrizon”), was admitted to subscribe to the new shares and contributed shareholder loans as part of a debt-to-equity swap. The new shares were issued at the Company’s volume weighted average stock exchange price over the last three months. As a result of the capital increase, conrizon’s stake in the Company’s share capital increased by around 3.1% to around 81.8%.

The debt-to-equity swap reduces the Company’s debt and strengthens its equity. The transaction reduces the Company’s financing costs by around EUR 610,000.00 per year.

About EASY SOFTWARE

As digitalization expert and leading ECM software manufacturer, easy has since 1990 stood for legally compliant, digital archiving and efficient, automated business processes. Over 5,400 customers in more than 60 countries and all industries rely on our company and our strong partner network. Our first-class archiving, ECM, DMS, P2P and HCM software solutions & services form the digital center for data-based intelligence and make people, companies and organizations successful.

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