Steilmann SE
Steilmann SE: Steilmann SE places all shares in revised IPO
DGAP-News: Steilmann SE / Key word(s): IPO Steilmann SE places all shares in revised IPO – Steilmann SE ends offer period with full placement of minimum share amount – Trading of shares will start on 5 November 2015 – The listing will provide access to new strategic options and further sources of financing Bergkamen, 2 November 2015 – Steilmann SE has placed all of the shares in its revised initial public offering at the price of EUR 3.50 per share. 2,250,000 newly issued ordinary bearer shares and 250,000 shares as part of the over-allotment option were successfully allocated. Based on the offer price, the gross proceeds amount to approximately EUR 8.8 million (including the over-allotment option). Steilmann SE’s current owner has not sold any shares and remains fully invested in the Company. Assuming full exercise of the greenshoe option, the free float of Steilmann SE will represent approximately 11% of the company’s share capital. Dr. Michele Puller, CEO of Steilmann SE, commented: “Our strategy remains unchanged. In light of market conditions, the listing is in the best interests of the company and the listing in the Prime Standard will provide us with access to further flexible financing opportunities.” Steilmann SE will start trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on 5 November 2015 under the German Securities Code (WKN) A14KR5 and International Securities Identification Number (ISIN) DE000A14KR50. ODDO SEYDLER BANK AG is acting as Global Coordinator and together with BANCA IMI as Joint Bookrunner for the IPO. Contact Reena Dennhardt Monica Giazzi 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 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. 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 has been or will be made to the public outside Germany and Luxembourg. A prospective offer was made exclusively on the basis of a securities prospectus approved by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) 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. 2015-11-02 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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 News | DGAP News Service |
407755 2015-11-02 |