The Management Board of Zapf Creation AG today, with the approval of the Supervisory Board, passed a basic resolution regarding the pending capital increase. According to the resolution, up to 3.2 million new shares are to be issued from authorized capital at an issue price of EUR 4.50. Shareholders will have a right to subscribe to the new shares. Subject to the issuance of an unqualified auditor's opinion by the company's auditors, the subscription period is scheduled to begin in mid-August.

The addition of new equity capital is part of the concept to secure the long-term financing of the company that has been agreed with the banks and company's major shareholders. Details of the capital increase and further steps to implement the financing concept will be determined by the company's boards separately.