XRT announces the closing of the capital increase initiated on last 9 November.
The capital increase totals 14,6 millions of Euros, corresponding to 75% of the planned offering. 5 228 208 new shares with equity warrants attached have been subscribed at EUR 2.80 each. The registered capital is now French Francs 33 692 896, divided into 16 846 448 shares with a par value of FRF 2. The payment has been made in cash (EUR 8.1 M) and by conversion of payables into equity (EUR 6.5 M). The main investors are the Beyers family, e-Capital and Marrel corporations, and the Roumilhac family.
The new shares and the equity warrants will be listed separately on the Second Marché of the Paris Stock Exchange beginning Friday December 22, 2000. The trading of existing shares will also resume on Friday December 22, 2000.
After this offering, on the basis of the prospects set out in the Offering Memorandum, the consolidated equity should be approximately EUR 9 M and the net debt approximately EUR 11 M on December 31, 2000.
XRT would like to thank its shareholders for their confidence and support in the closing of this offering. This capital increase will give the company the opportunity to execute its business plan in order to become a key player in the financial transactions of the Net-economy.
XRT (Paris Second Marché: XRT-CERG, code 5458) is established as an architect of secure financial flow systems for companies. Having been the precursor of Banking Relationship Management, XRT offers a truly global solution to meet companies' need to control their treasury, financial risks and payments in an environment which provides complete security for companies' internal as well as external financial flow chain. XRT has formed strategic alliances with technology companies such as Citrix, Cognos, Microsoft, Novell and Oracle; world-renowned information service providers (ISVs) such as Business Objects, GEAC, JD Edwards, People Soft and SAP; and banking partners such as ABN-AMRO, Chase, Commerzbank, Crédit Agricole, Ing Bank and La Caixa. These partnerships combined with XRT-CERG's international presence (clients in 55 countries) and its high level of expertise has enabled the Company to achieve a client base of over 10,000. For more information, please visit our website at www.xrt.com