Steilmann SE
Steilmann SE: Steilmann SE adjusts offering size due to market conditions
Steilmann SE / Key word(s): IPO 22.10.2015 12:02 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Steilmann SE adjusts offering size due to market conditions Bergkamen, 22 October 2015 - Steilmann SE Group has adjusted the offering size of its initial public offering (IPO) due to current market conditions. Together with the underwriting banks ODDO SEYDLER BANK AG and Banca IMI, the company has set the offer price at EUR 3.50 per share. The number of shares offered in the IPO has been reduced to 12,500,000 new ordinary bearer shares and 1,875,000 shares as part of a potential over-allotment. Assuming placement of all offered shares the total gross proceeds will amount to approximately EUR 50.3 million. The offer period has been extended and will close on 29 October 2015. Commencement of trading of the shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is scheduled for 3 November 2015 under the German Securities Code (WKN) A14KR5 and International Securities Identification Number (ISIN) DE000A14KR50. The supplement to the securities prospectus dated 12 October 2015 was approved by the German Federal Financial Supervisory Authority (BaFin) today and is available to download on the company's website at the following link: http://www.steilmann-se.com/ Contact Reena Dennhardt Tel.: +49 (0)2389 - 783 165 Email: Dennhardt@Steilmann-SE.com Monica Giazzi Tel.: +49 (0)2389-783 110 Email: m.giazzi@Steilmann-SE.com About Steilmann SE Steilmann SE Group is one of the largest apparel companies in Germany by revenue. The family-owned company headquartered in Bergkamen (North Rhine-Westphalia) covers the entire value chain of the clothing industry, controlling all key processes from design and manufacturing to sales in its stores and those of its customers, as well as e-commerce operations. The company operates in a growing segment of the industry, focusing on the growing Best-Ager segment (45 plus). The company's product portfolio consists of its own brands, such as Steilmann, Apanage, Kapalua, and Stones, as well as third-party brand apparel. Steilmann SE comprises the operations of Steilmann-Boecker Group, Steilmann Fashion Group and Apanage Fashion Group, as well as a joint indirect majority stake in Adler Modemärkte AG. The company's total revenues, including those of Steilmann Fashion Group and Apanage Fashion Group acquired at the end of last year, amounted to approximately EUR 896 million in 2014. In fiscal year 2014, Steilmann Group had over 8,300 employees worldwide, 58 per cent of whom were based in Germany. Its products are sold at more than 1,300 points of sale in 18 countries. Forward-looking statements This publication may contain forward-looking statements based on current assumptions and forecasts made by Steilmann SE. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation or development of Steilmann SE and the estimates given here. Steilmann SE assumes no liability to update these forward-looking statements or to revise them in line with future events or developments. Important notice This publication does not constitute an offer to sell or solicitation of an offer to buy or subscribe for any securities. No public offer of securities of Steilmann SE is being or will be made to the public outside Germany or Luxembourg. The public offer in Germany and Luxembourg is being made exclusively on the basis of the securities prospectus which has been published in the form approved by the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleisungsaufsicht) and notified to the Luxembourg Financial Sector Supervisory Commission (Commission de Surveillance du Secteur Financier). Any decision to invest in the securities of Steilmann SE should solely be based on the securities prospectus. Copies of the securities prospectus are available free of charge at the offices of Steilmann SE (Industriestraße 42, 59192 Bergkamen, Germany) as well as on the website of Steilmann SE (http://www.steilmann-se.com/). Neither this publication nor any copy of it may be made or transmitted into the United States (including its territories or possessions, any state of the United States of America and the District of Columbia) (the "United States"), or distributed, directly or indirectly, in the United States. The material set forth herein is for informational purposes only and does not constitute an offer of securities for sale in the United States or any other jurisdiction in which such an offer or solicitation is unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the Securities Act), or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable securities laws of any state or other jurisdiction of the United States. No public offering of securities will be made in the United States. In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. 22.10.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Steilmann SE Baumstraße 22-24 44623 Herne Germany Phone: +49 (0)23 89 783-0 Fax: +49 (0)23 89 783-112 E-mail: info@steilmann-se.com Internet: www.steilmann-se.com ISIN: DE000A1PGWZ2, DE000A14J4G3, DE000A12UAE0 WKN: A1PGWZ, A14J4G, A12UAE Listed: Regulated Market in Frankfurt (Prime Standard) Notierung vorgesehen / Intended to be listed (Frankfurt, Prime Standard) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found