Company proposes capital increase at Annual Shareholders’ Meeting

IT Competence Group SE proposes that the Annual Shareholders’ Meeting votes on the acquisition of the operating subsidiaries of audius as part of a capital increase in exchange for the issuing of new shares. Change of name to audius SE and change of registered office are planned.
 
The Board and Supervisory Board of IT Competence Group SE today proposed that the company’s Annual Shareholders’ Meeting votes on the acquisition of audius GmbH, audius IT-Service GmbH, and IT-Service GmbH (“audius target companies”), all of which are wholly owned subsidiaries of audius AG, as part of a capital increase, excluding the purchase rights of the shareholders. The key points of the transaction were agreed upon with the Board and the Supervisory Board of audius AG.
 
The capital increase is to take place in exchange for the granting of 2,800,000 new shares at an issue price of EUR 8.90 per share to audius AG. This is based on a valuation of the audius target companies at EUR 24,920,000.
 
The audius target companies had a consolidated overall performance of EUR 26.6 million in 2019 with an EBITDA amounting to EUR 2.2 million and an EBIT of EUR 2.0 million. IT Competence Group intends to significantly enhance its earnings indicators through this acquisition. The transaction will also have a positive impact on the balance sheet figures.
 
To signal the new structure clearly outside the company, the Board will propose at the Annual Shareholders’ Meeting that the name of the company be changed to “audius SE” and that the registered office be transferred to Weinstadt, near Stuttgart, which is where the main audius companies have their registered offices.
 
The company will publish the invitation to the Annual Shareholders’ Meeting on July 28, 2020 in the next few days. With the approval granted by the Supervisory Board today, the Annual Shareholders’ Meeting will be a fully virtual event.
 
About IT Competence Group
 
IT Competence Group SE is an IT service company that operates in the DACH region (Germany, Austria, and Switzerland). The company offers tailor-made solutions for all aspects of IT infrastructure and business solutions, from consulting to implementation and operation. A specific business unit is dedicated to mobile data infrastructures, in particular the development and expansion of the 5G network. The Group’s customers include global corporations and medium-sized companies. Together with the strategic majority shareholder audius AG, the company’s goal is to grow both organically and through acquisitions. IT Competence Group SE shares are listed on the Basic Board of the Frankfurt Stock Exchange and in the m:access midmarket segment on the Munich Stock Exchange.
 
About audius
 
Founded in 1991, audius operates in the areas of software, security and audit services, consulting, and managed services. The companies of the audius Group and IT Competence Group focus on strengthening their core competencies while broadening their service portfolio. Currently employing nearly 260 people, audius (without IT Competence Group) generated approximately EUR 27 million in revenue in 2019.
 
IT Competence Group SE
Investor Relations
 
Phone: +49 89-716 721-044
info@it-competencegroup.com

Die IT Competence Group SE ist eine IT-Service-Gesellschaft, die in der DACH-Region aktiv ist. Das Unternehmen bietet von der Beratung, Implementierung und dem Betrieb maßgeschneiderte Lösungen zu allen Fragen rund um das Thema IT-Infrastruktur und Business Solutions an. Ein weiterer Geschäftsbereich beschäftigt sich mit mobilen Dateninfrastrukturen, insbesondere dem Auf- und Ausbau des 5G-Netzes. Zu den Kunden der Gruppe zählen global agierende Konzerne sowie mittelständische Betriebe. Gemeinsam mit dem strategischen Mehrheitsaktionär audius AG ist das Ziel sowohl organisch als durch Zukäufe zu wachsen. Die Aktien der IT Competence Group SE notieren im Basic Board der Börse Frankfurt als auch im Mittelstandssegment m:access der Börse München.

audius wurde im Jahr 1991 gegründet und ist in den Bereichen Software, Security & Audit Services, Consulting und Managed Services tätig. Damit verstärken sich die Unternehmen im Bereich ihrer Kernkompetenzen und verbreitern gleichzeitig ihr Leistungsportfolio. Die audius Gruppe beschäftigt knapp 260 Mitarbeiter und erzielte im Jahr 2019 ohne die IT Competence Group einen Umsatz in Höhe von rund Euro 27 Mio.

IT Competence Group SE
Investor Relations

t.: +49 89-716 721-044
info@it-competencegroup.com