Steilmann SE
Listing of Steilmann SE: Exercise of the greenshoe option and end of the stabilization period
DGAP-News: Steilmann SE / Key word(s): IPO
Listing of Steilmann SE: Exercise of the greenshoe option and end of the stabilization period
Following the exercise of the greenshoe option and the capital increase from authorized capital by 199,135.00 Euro, final gross proceeds for the company from the IPO amount to around 8.6 million Euro, with a freefloat of around 10.91 %. The shareholding of the majority stakeholder MR Hometextile GmbH following the exercise of the greenshoe option amounts to around 89.09 %.
Reena Dennhardt
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. Registration: Regulated market (Prime Standard) of the Frankfurt Stock Exchange; ISIN: DE000A14KR50; WKN: A14KR5
This press release 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.
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 has been or will be made to the public. 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.
2015-12-07 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English | |
Company: | Steilmann SE | |
Industriestraße 42 | ||
59192 Bergkamen | ||
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: | DE000A14KR50, DE000A1PGWZ2, DE000A14J4G3, DE000A12UAE0 | |
WKN: | A14KR5, A1PGWZ, A14J4G, A12UAE | |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange | |
End of News | DGAP News Service |