Brenntag AG / IPO
27.03.2010 18:25
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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The issue price for the shares offered in context of the initial public
offering of Brenntag AG has been set at EUR 50.00 per share. All 14.95
million offered shares are placed, including 10.5 million shares from a
capital increase, 2.5 million shares from the holdings of the selling
shareholder and 1.95 million shares by way of over-allotments in connection
with a greenshoe option granted to the underwriting banks by the selling
shareholder. Accordingly the issue volume including the full exercise of
over-allotments amounted to EUR 747.5 million. The company will receive EUR
525.0 million from the capital increase, before deducting applicable
transaction costs.
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Information and Explaination of the Issuer to this News:
The first day of trading on the regulated market (Prime Standard) of the
Frankfurt Stock Exchange is Monday, 29 March 2010. The offer was multiple
times oversubscribed. Assuming full exercise of the greenshoe option, the
free float will comprise close to 30 per cent. Both the company and the
selling shareholder have agreed to a period of six months from initial
listing to comply with Lock-Up agreements and selling restrictions.
About Brenntag:
Brenntag is the global market leader in full-line chemical distribution
(based on most recent market data). Linking chemical manufacturers and
chemical users, Brenntag provides business-to-business distribution
solutions for industrial and specialty chemicals globally. With over 10,000
products and a vast supplier base, Brenntag offers one-stop shop solutions
to more than 150,000 customers. The value-added services include
just-in-time delivery, product mixing, formulation, repackaging, inventory
management, drum return handling as well as technical services.
Headquartered in Mülheim an der Ruhr, Germany, Brenntag operates a global
network with more than 400 locations in more than 60 countries. In 2009 the
company realized global sales of EUR 6.4 billion (USD 8.9 billion) with
approximately 11,000 people.
Press contact: Investor contact:
Hubertus Spethmann Georg Müller, Stefanie Steiner
Brenntag AG Brenntag AG
Corporate Communications Investor Relations
Stinnes-Platz 1 Stinnes-Platz 1
45472 Mülheim an der Ruhr 45472 Mülheim an der Ruhr
Deutschland Deutschland
Telephone: +49 (208) 7828-7701 Telephone: +49 (208) 7828-7653
Fax: +49 (208) 7828-7220 Fax: +49 (208) 7828-7755
E-Mail: hubertus.spethmann@brenntag.de E-Mail: IR@brenntag.de
http://www.brenntag.com http://www.brenntag.com
Disclaimer:
This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities to any person
in Australia, Canada, Japan, or the United States or in any jurisdiction to
whom or in which such offer or solicitation is unlawful. The securities
referred to herein may not be offered or sold in the United States absent
registration under the U.S. Securities Act of 1933, as amended (the
'Securities Act') or another exemption from, or in a transaction not
subject to, the registration requirements of the Securities Act. Subject to
certain exceptions, the securities referred to herein may not be offered or
sold in Australia, Canada or Japan or to, or for the account or benefit of,
any national, resident or citizen of Australia, Canada or Japan. The offer
and sale of the securities referred to herein has not been and will not be
registered under the Securities Act or under the applicable securities laws
of Australia, Canada or Japan. There will be no public offer of the
securities in the United States.
Investors should not purchase or subscribe for any shares referred to in
this press release except on the basis of information in the prospectus
issued by Brenntag AG (the 'Company') in connection with the offering of
such shares and approved by the German Financial Supervisory Authority
(BaFin) on 15 March 2010. Copies of the prospectus are available free of
charge from Brenntag AG (Corporate Communications, Stinnes-Platz 1, D-45472
Mülheim an der Ruhr, Germany) or on Brenntag's website (www.brenntag.de).
27.03.2010 18:25 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Brenntag AG
Stinnes Platz 1
45472 Mülheim an der Ruhr
Deutschland
Phone: +49 (0) 208 7828 - 0
Fax: +49 (0) 208 7828 - 698
E-mail: info@brenntag.de
Internet: www.brenntag.com
ISIN: DE000A1DAHH0
WKN: A1DAHH
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen.
End of News DGAP News-Service
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DGAP-Adhoc: Brenntag AG: Brenntag shares to be placed at 50.00 Euros per share
| Source: EQS Group AG