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KAP AG, DE0006208408

KAP AG, DE0006208408

29.06.2021 - 15:43:30

KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH

KAP AG EXPECTS HIGHER BOOK PROFIT AS A RESULT OF THE SALE OF IT-NOVUM GMBH

Fulda, 29 June 2021 - Mehler AG, a wholly-owned subsidiary of KAP AG, today concluded an agreement with a group company of Allgeier SE on the sale of the subsidiary it-novum GmbH. The purchase price (enterprise value) is around ?22 million and results in a multiple of 9.5 on normalised EBITDA. The sale of it-novum GmbH also concludes the separation from the it/services segment. The sale will result in higher book profit for KAP AG.

The listed Allgeier SE is one of the large German full-service providers for IT and software services with its own software solutions. Allgeier intends to sustainably develop the business of it-novum GmbH on a long-term basis in the next few years.

Contact:

KAP AG Kai Knitter Head of Investor Relations & Corporate Communicationsk.knitter@kap.de +49 661 103 327

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29-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: KAP AG Edelzeller Stra?e 44 36043 Fulda

Germany Phone: 06611030 Fax: 0661103830 E-mail: office@kap.de Internet: www.kap.de ISIN: DE0006208408 WKN: 620840 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Stuttgart, Tradegate Exchange EQS News ID: 1213155 ? End of Announcement DGAP News Service

1213155??29-Jun-2021?CET/CEST

@ dgap.de