Ultrasonic AG / Key word(s): IPO/Regulatory Approval
28.11.2011 15:23
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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Ultrasonic AG publishes IPO details
- Placement of new shares to finance further growth
- Price range for the offered shares between EUR 9.00 and EUR 11.00
- Subscription period from 29 November to 7 December 2011
- All offered shares from capital increase, no placement of existing
shares
- First day of trading in the Prime Standard on 9 December 2011
Frankfurt, 28 November 2011 - Ultrasonic AG, the German holding of an
established Chinese manufacturer and provider of high quality branded urban
footwear, today announced further details on the prospective IPO in the
Prime Standard on the Frankfurt Stock Exchange.
In the context of a public offering in Germany and Austria, Ultrasonic AG
is offering 1,500,000 new shares, all of which come from a capital
increase. In addition, 225,000 shares are being offered exclusively in
connection with a greenshoe option, originating from another capital
increase. There will be no placement of existing shares. In case of a
complete placement of all offered shares, the free float would amount to
about 30 percent. A lock-up period of 18-months from the first day of
trading has been agreed with the majority shareholder.
The price range for the shares offered in the context of the listing is
between 9.00 and 11.00 Euro. The Bookbuilding period starts on 29 November
and ends on 7 December 2011 at 16:00 CET. The initial listing in the Prime
Standard on the Frankfurt Stock Exchange is scheduled for 9 December 2011.
The approved prospectus issued 28 November 2011 is available on the website
of Ultrasonic AG at www.ultrasonic-ag.de.
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG is
Sole Lead Manager in this IPO. Private investors can place their buying
orders at the Selling Agents comdirect bank AG, Cortal Consors S.A, DAB
bank AG, flatex AG, ING-DiBa AG, S Broker AG & Co. KG and ViTrade AG.
Ultrasonic plans to invest the proceeds of the issue into the expansion of
its production capacities and the extension of its distribution network.
The IPO is being executed as a 'Safe IPO' due to the strategic importance
of this step for Ultrasonic.
About Ultrasonic
The Cologne based Ultrasonic AG is the German holding of the Chinese
Ultrasonic-Group, an established manufacturer and provider of high quality
branded urban footwear. With almost 1,400 employees the group operates in
three market segments, each of which contributing about a third to the
group's revenue. Ultrasonic produces sandals and slippers for the upper
price segment and is a long-term supplier of shoe soles for leading
manufacturers of the booming Chinese sport shoe industry such as Anta, Xtep
and Unisuper. Moreover, the company has successfully established an own
'Urban Footwear' collection which is marketed under the brand ULTRASONIC
and specifically designed to the needs and taste of the growing urban
middle class. Ultrasonic's branded urban footwear collection is currently
marketed in 76 Ultrasonic mono-labelled shops, that realize selling prices
in a range from 400 to 1,200 RMB per pair, which is equivalent to approx.
50 to 140 Euro. Within the last three years Ultrasonic's business had a
compounded annual growth rate of more than 40 percent. In FY2010, the
company generated a total revenue of more than 100 million Euro and
achieved a net profit of approximately 22 million Euro.
For further information about the company visit: www.ultrasonic-ag.de
Disclaimer:
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. The approved
prospectus issued 28 November 2011 2011 is available free of charge on the
website of the Ultrasonic AG (www.ultrasonic-ag.de) and from the Global
Coordinator. The shares will be offered exclusively on the basis of this
prospectus.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of
Ultrasonic AG (the 'Shares') 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 unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act. This document is only being
distributed to and is only directed at (i) persons who are outside the
United Kingdom or (ii) to investment professionals falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the 'Order') or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within Article
49(2)(a) to (d) of the Order (all such persons together being referred to
as 'relevant persons'). The Shares are only available to, and any
invitation, offer or agreement to subscribe, purchase or otherwise acquire
such securities will be engaged in only with, relevant persons. Any person
who is not a relevant person should not act or rely on this document or any
of its contents.
MSL Financial
Steffi Fahjen
E-Mail: steffi.fahjen@mslgroup.com
Tel.: +49 (0)69 66 12 456 8394
Bernd Rauch
E-Mail: bernd.rauch@mslgroup.com
Tel.: +49 (0)69 66 12 456 8376
28.11.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Ultrasonic AG
c/o Luther Rechtsanwaltsgesellschaft mbH; Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone:
Fax:
E-mail: clifford.chan@suoli.cc
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of Announcement DGAP News-Service
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DGAP-Adhoc: Ultrasonic AG: publishes IPO details
| Source: EQS Group AG