euro adhoc: Klöckner & Co AG
Financing, Stock Offerings (IPO)
Klöckner & Co
Aktiengesellschaft
IPO
offer price
offer size
Book-building successfully completed: Klöckner & Co Aktiengesellschaft
determines offer price and offer size
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
27.06.2006
Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities Trading Act), dated June 27, 2006 Klöckner & Co Aktiengesellschaft / IPO / offer price / offer size Book-building successfully completed: Klöckner & Co Aktiengesellschaft determines offer price and offer size
Duisburg, June 27, 2006 - Today, Klöckner & Co Aktiengesellschaft, the selling shareholder Multi Metal Investment S.à r.l. and the Joint Bookrunners UBS Investment Bank, Deutsche Bank und JPMorgan jointly determined the offer price at EUR 16.00 per share.
10.000.000 shares are being placed from the holdings of the selling shareholder, 6.500.000 new shares from a capital increase and further 2.000.000 additional shares from the holdings of the selling shareholder in connection with overallotments. The total offer size is EUR 264 million and 296 EUR million if the greenshoe option is fully exercised. At the offer price the Klöckner & Co shares were oversubscribed.
The company will receive gross proceeds of EUR 104 million from the placement of the new shares from the capital increase. The free float will be approximately 40 percent, if the greenshoe option is fully exercised.
The shares of the selling shareholder and of the management are subject to a lock-up agreement for a period of twelve months following the delivery of the shares (closing). First day of trading will be June 28, 2006.
This publication is not for direct or indirect distribution in or into the United States (including its territories and outlying areas, any State of the United States and the District of Columbia). This publication does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities. The shares of Klöckner & Co AG referred to herein (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares have not been, and will not be, registered under the Securities Act and will not be publicly offered anywhere outside Germany. The offer in Germany will be made exclusively by means of and on the basis of a prospectus and the supplement No. 1 to the prospectuses, that have been published. That prospectus and the supplement No. 1 have been made available on the company website at www.kloeckner.de. The prospectus and the supplement No. 1 to the prospectus are available in printed form free of charge from the company and the Joint Bookrunners.
This ad hoc announcement does not constitute an offer of securities to the public in the United Kingdom. This ad hoc announcement is directed only at (i) persons who have professional experience in matters relating to investments and who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order or to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons") or in circumstances in which section 21 of the FSMA does not apply to the Company. 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 relates is available only to relevant persons and will be engaged in only with relevant persons.
end of announcement euro adhoc 27.06.2006 22:47:38
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing