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EANS-Adhoc: FACC AG
Price Range for FACC IPO set at EUR 8 to EUR 11
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Financing, Stock Offerings (IPO) 04.06.2014 · FACC AG / Ad hoc: Price Range for FACC AG IPO set at EUR 8 to EUR 11 · Total IPO size of EUR 191 million to EUR 235 million including Greenshoe of EUR 17 million to EUR 21 million; capital increase of EUR 150 million · Offer period is expected to run from 4 June to 23 June 2014 · Listing in the regulated market (Prime Market) of the Vienna Stock Exchange planned for 25 June 2014 · IPO prospectus published on the Company website today Vienna, 4 June 2014 - FACC AG (the "Company") and its sole shareholder, FACC International Company Limited (controlled by Aviation Industry Corporation of China), have set the price range for the IPO of FACC AG at EUR 8 to EUR 11 per share. The shares will be publicly offered to investors in Austria between 4 June 2014 and 23 June 2014. In addition, there will be private placements of shares in certain countries outside of Austria. In the USA the shares will be offered to qualified institutional investors via a placement under Rule 144A under the U.S. Securities Act of 1933, as amended. The final offer price shall be set on the basis of a book building process. Trading in the shares of FACC AG is expected to commence on 25 June 2014 under the ticker symbol FACC and the ISIN number AT00000FACC2 on the regulated market (Prime Market) of the Vienna Stock Exchange. The offering will comprise up to 18,750,000 newly issued shares and up to 5,801,653 (at the high end of the Price Range), 4,607,656 (at the mid-point of the Price Range) or 2,965,909 (at the low end of the price range) shares from the holdings of FACC International Company Limited. In total, up to 21,715,909 shares shall be placed, with an additional up to 2,171,591 shares from the holdings of FACC International Company Limited to cover potential over- allotments. This corresponds to approx. 45 percent of the share capital of the Company (49 percent including the over-allotment). The gross proceeds from the sale of newly issued shares of EUR 150 million will go to FACC AG. FACC AG intends to use the net proceeds from the offering (i) to finance the group's expansion, (ii) to enhance its capability to develop complete primary structures, (iii) to continue to focus on product innovation, (iv) to expand international cost-competitive sourcing of raw materials and production, and (v) to play an active part in the consolidation of the aerostructure market and pursue selected add-on acquisitions and partnerships in line with the group's strategy. The offering is described in detail in the prospectus, which is available starting today in the Investor Relations section of the Company website at the following linkhttp://www.facc.com/Investor-Relations. The management roadshow for institutional investors in Europe and the USA will begin today and is expected to end on 23 June 2014. About FACC FACC AG is one of the world's leading companies in the design, development and production of advanced fiber reinforced composite components and systems for the aviation industry. Their range of products reaches from structural components for the fuselage and wings to engine components to complete passenger cabins for commercial aircraft, business jets and helicopters. FACC is a supplier to all large aircraft manufacturers such as Airbus, Boeing, Bombardier, Embraer, Sukhoi, and COMAC as well as for engine manufacturers and sub-suppliers of manufacturers. In the business year of 2013/14, FACC achieved a turnover of 547.4 million Euros. The companycurrently employs 3,000 employees.Further information can be found under www.facc.com. These materials may not be published, distributed or transmitted in the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale in the United States. The securities to which these materials relate have not been registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There will be no public offering of securities in the United States. These materials are not an invitation nor are they intended to be an inducement to engage in investment activity for the purpose of Section 21 of the Financial Services and Markets Act 2000, as amended ("FSMA"). These materials are directed only at (i) persons outside the United Kingdom; or (ii) persons in the United Kingdom that are "qualified investors" within the meaning of Section 86(7) of FSMA that are also (a) persons authorised under FSMA or otherwise having professional experience in matters relating to investments and qualifying as investment professionals under article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Financial Promotion Order"); or (b) high net worth companies, unincorporated associations and other persons to whom article 49(2) (a) to (d) of the Financial Promotion Order applies; or (c) any other persons to whom these materials for the purposes of Section 21 of FSMA can otherwise lawfully be made available (all such persons together being referred to as "Relevant Persons"). Any person in the United Kingdom that is not a Relevant Person should not act or rely on these materials. The securities or any investment or controlled activity to which such securities relate are only available to, and will be engaged in only with, Relevant Persons. This document is for information purposes only and is not a prospectus. Investors should not purchase or subscribe for any shares referred to in these documents except on the basis of information in the prospectus to be published in connection with the offering of such shares. The prospectus will be available on the website of FACC (http://www.facc.com). Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations. Further inquiry note: Presse: Andrea Schachinger Corporate Communication Tel: 059/616-1194 E-Mail: email@example.com Investor Relations: Andreas Schoberleitner Vice President Finance Tel: 059/616-1322 E-Mail: firstname.lastname@example.org end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: FACC AG Fischerstraße 9 A-4910 Ried im Innkreis phone: +43/59/616-0 FAX: +43/59/616-81000 mail: email@example.com WWW: www.facc.com sector: Industrial Components ISIN: AT0000A10J83 indexes: stockmarkets: Regulated free trade: Wien language: English