Stabilus S.A.: Issue price for Stabilus share set at EUR 21.50
May 22, 2014 11:01 PM
DGAP-Ad-hoc: Stabilus S.A. / Key word(s): IPO Issue price for Stabilus share set at EUR 21.50 Today, Stabilus S.A. ("Stabilus"), the selling shareholder Triton and the underwriters, led by the Joint Global Coordinators and Joint Bookrunners Commerzbank and J.P. Morgan, agreed to set the issue price of the Stabilus share at EUR 21.50 per share. This value is in the middle of the price range of EUR 19-25 per share. Based on this issue price, the Stabilus share was multiple oversubscribed. At the issue price of EUR 21.50, Stabilus has a market capitalisation of approximately EUR 445.6m. Taking the greenshoe option into account, the offer involves issuing a total of 3,023,256 new shares and placing 9,134,079 shares currently held by Triton. This results in a placement volume of around EUR 227.3m or around EUR 261.4m if the greenshoe option is fully exercised. The free float will reach 58.7 percent if the greenshoe option is fully exercised. The Stabilus shares are to be traded in the regulated market (Prime Standard) of the Frankfurt Stock Exchange for the first time on 23 May. Of the total shares offered, around 97 percent were allocated to institutional investors and around three percent to retail investors (including management). Around two percent of the shares offered were allocated to the management of Stabilus. This process adhered to the "principles for the allotment of share issues to retail investors" published by the Exchange Expert Commission at the German Ministry of Finance. The selling shareholder has made a commitment not to sell its remaining shares within a period of six months from the closing date (expected to be 27 May 2014). The Stabilus management has also made a commitment not to sell its shares within a period of twelve months from the closing date.
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Language: | English | |
Company: | Stabilus S.A. | |
2, rue Albert Borschette | ||
L-1246 Luxemburg | ||
Grand Duchy of Luxembourg | ||
Phone: | +352 286 770 1 | |
Fax: | +352 286 770 99 | |
E-mail: | info.lu@stabilus.com | |
Internet: | www.stabilus.com | |
ISIN: | LU1066226637 | |
WKN: | A113Q5 | |
Indices: | SDAX | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart | |
End of News | DGAP News Service |
270165 2014-05-22 |