Alle Storys
Folgen
Keine Story von SMARTRAC N.V. mehr verpassen.

SMARTRAC N.V.

SMARTRAC N.V. capital increase successfully placed. First day of trading on 20 July 2006

- Placement gross proceeds of around € 60m will be used to finance 
further   growth - Free float stands at 32.5 percent
  ots-CorporateNews transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
Amsterdam/Stuttgart, 18 July 2006 - SMARTRAC N.V., a leading RFID
manufacturer and supplier of components for contactless credit cards
(ePayment) and passports (ePassports), today placed 3.5 million
shares from a capital increase as part of its initial public
offering. The issue price was EUR 17 per share. The gross proceeds
amount to EUR 59.5 million. The company will receive net proceeds of
approximately EUR 51 million.
"We are satisfied with the results of the placement. As a profitable
growth company, SMARTRAC has a business model that is convincing,
even in an extremely difficult capital market environment", said CEO
Manfred Rietzler and CFO Dr. Christian Fischer.
In light of the current situation in the capital markets, the
existing shareholders have agreed not to sell any shares. Therefore,
the amount of shares placed in the offering has been reduced from 4.0
million to 3.5 million.
In connection therewith, the shares will only be admitted to trading
as of tomorrow, Wednesday, 19 July 2006. The first day of trading
will now be Thursday, 20 July 2006. Settlement and delivery of the
shares will take place on Friday, 21 July 2006. The over-allotment
option was not exercised.
SMARTRAC’s proceeds from the IPO will primarily be used to fund
further growth. The focus is on expanding production capacity for
components in high-security RFID applications - credit cards, bank
cards and passports, all growth areas with high expansion rates.
Around 99 percent of the shares were allocated to international
institutional investors. Around one percent of the shares were
allocated to retail investors. Retail allocations were made in
compliance with the "Principles for the Allotment of Share Issues to
Retail Investors" issued on 7 June 2000 by the Commission of
Financial Market Experts at the German Federal Ministry of Finance.
The free float amounts to 25.9 percent. Including existing
shareholders with stakes of less than 5 percent, the free float
amounts to 32.5 percent.
UBS Investment Bank acted as sole global coordinator and bookrunner
for the offering.
Trading in SMARTRAC N.V. shares will start on 20 July 2006 under the
trading symbol "SM7" and the ISIN "NL0000186633" in the official
market ("Prime Standard") of the Frankfurt Stock Exchange.
About SMARTRAC N.V.
SMARTRAC is a leading supplier of inlays for contactless credit cards
(ePayment) and passports with integrated contactless chips
(ePassports). The company, which was founded in 2000, is incorporated
under Dutch law and has its head office in Amsterdam. SMARTRAC has
its main production and R&D center in Bangkok (Thailand), as well as
sales offices in Stuttgart and Singapore. Through an agreement with
Xytec Solutions (Kulim/Malaysia), in which SMARTRAC holds a 30%
stake, the company has exclusive access to proprietary manufacturing
equipment. In two product segments - Standard and High Security -
SMARTRAC manufactures products for RFID applications in public
transport, access control and logistics, as well as in the
high-security applications ePayment and ePassport. According to the
Company’s audited financial statements prepared in accordance with
IFRS, SMARTRAC posted sales of EUR 25.2m and EUR 4.9m EBITDA in 2005
(in 2004: EUR 14.7m sales and EUR 3.5m EBITDA). As of 31 December
2005, the company had around 1,100 employees. In the first quarter of
2006, SMARTRAC posted sales of EUR 10.7m and EBITDA of EUR 2.0m. Its
workforce expanded to around 1,450 employees.
This press release and the information contained herein is not being
issued in the United States of America (the "U.S.") and may not be
distributed in the U.S.
This document does not constitute an offer of securities in the U.S.
Securities may not be offered or sold in the U.S. absent registration
or exemption from registration under the U.S. Securities Act of 1933,
as amended. Neither SMARTRAC N.V. nor any selling shareholder intends
to register any portion of an offering of securities of SMARTRAC N.V.
in the U.S. or to conduct a public offering of securities of SMARTRAC
N.V. in the U.S.
This document does not constitute a prospectus within the meaning of
Article 652a of the Swiss Code of Obligations or Article 32ff. of the
Listing Regulations of the SWX Swiss Exchange. A decision to invest
in shares of SMARTRAC N.V. should solely be made on the basis of the
securities prospectus published by the company for this purpose.
An investment decision regarding any publicly offered securities of
SMARTRAC N.V. should only be made on the basis of the securities
prospectus published on 13 July 2006 and available free of charge to
eligible investors from UBS Limited (c/o UBS Deutschland AG,
Stephanstraße 14-16, 60313 Frankfurt am Main, Germany) or on the
SMARTRAC N.V. website at http://www.smartrac-group.com.
This communication is only directed at persons (I) who are outside
the United Kingdom or (II) who have professional experience in
matters relating to investments as defined by Article 19 (5) of the
U.K. Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (as amended) (the "Order") or (III) who fall within
Article 49 (2) (a) to (d) of the Order ("high net worth companies,
unincorporated associations etc.") of the Order (all such persons
together being referred to as "Relevant Persons"). Any person who is
not a Relevant Person must not act or rely on this communication or
any of its contents. Any investment or investment activity to which
this communication refers is available only to Relevant Persons and
will be engaged in only with Relevant Persons.
end of announcement                               euro adhoc 19.07.2006 00:46:07

Further inquiry note:

Max Hohenberg
Media Relations SMARTRAC N.V.
Tel: +49 711 6569 2616
Email: max.hohenberg@smartrac-group.com

Branche: Technology
ISIN: NL0000186633
WKN: A0JEHN
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing

Weitere Storys: SMARTRAC N.V.
Weitere Storys: SMARTRAC N.V.
  • 13.07.2006 – 20:28

    SMARTRAC N.V. plans IPO in July

    Continued strong growth in the first quarter of 2006 – particularly in ePassports Listing on the Prime Standard of the Frankfurt Stock Exchange planned for 19 July 2006 Offering price set at € 17.00 Offering of up to 4.0 million shares (plus an overalottment of 0.5 million shares) ots-CorporateNews transmitted by euro adhoc. The issuer is responsible for the content of this announcement. Amsterdam/Stuttgart, 13 July 2006. SMARTRAC N.V., a leading ...

  • 13.07.2006 – 20:25

    euro adhoc: SMARTRAC N.V. / Financing, Stock Offerings (IPO) / SMARTRAC N.V. plans IPO in July

    Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement. 13.07.2006 Amsterdam/Stuttgart, 13 July 2006. SMARTRAC N.V., a leading RFID manufacturer and supplier of components for contactless credit cards (ePayment) and passports (ePassports), today announced key dates for its IPO. SMARTRAC will offer its ...