Accelerated bookbuilt offering of 23,000,000 existing shares in ISS A/S


Copenhagen, 2014-09-08 17:53 CEST (GLOBE NEWSWIRE) --

No. 20/2014

NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.

THE INFORMATION CONTAINED HEREIN IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN ANY JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.

THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY, NOR SHALL THERE BE ANY SALE OF THE SECURITIES REFERRED TO HEREIN, IN OR INTO ANY JURISDICTION WHERE SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH JURISDICTION.

ISS A/S (ISS.CO, ISS DC) has just been informed that  FS Invest II S.à r.l., a wholly owned subsidiary of FS Invest S.à r.l. (FS Invest S.à r.l. is owned and controlled by the EQT Funds (funds known as EQT III and EQT IV together with parallel co-investment vehicles or schemes managed by EQT, being the general partners and managers of the EQT branded funds) and certain funds advised by affiliates of The Goldman Sachs Group, Inc.) and Ontario Teachers’ Pension Plan Board (“OTPP”) have agreed to dispose of 23,000,000 shares in ISS to certain institutional investors in connection with an accelerated bookbuilt offering (the “Transaction”). OTPP will participate with 10% of the shares to be sold up to maximum gross proceeds of EUR 50 million.

Whilst selling a portion of its shares in the current offering, OTPP remains a shareholder in ISS with a long term outlook.

Goldman Sachs International, Nordea Markets (division of Nordea Bank Danmark A/S) and UBS Limited are acting as Joint Bookrunners  in the Transaction. A further announcement will be made following completion of the bookbuilding and pricing of the Transaction. The bookbuilding will commence immediately and it is anticipated that books will close on 9 September 2014, although Goldman Sachs International, Nordea Markets (division of Nordea Bank Danmark A/S) and UBS Limited reserve the right to close the books at any time. Subject to customary exceptions, FS Invest II S.à r.l. and OTPP will not make additional sales of shares for 90 days without the consent of Goldman Sachs, Nordea Markets and UBS Limited.

Lazard & Co., Limited (“Lazard”) is acting as financial adviser to FS Invest II S.à r.l. in connection with the Transaction.

ISS will not receive any proceeds from the Transaction.

A copy of the press release from Goldman Sachs International, Nordea Markets (division of Nordea Bank Danmark A/S) and UBS Limited is attached.

 

For media enquiries
Kenth Kærhøg, Head of Group Communications, +45 38 17 62 05

For investor enquiries
Martin Kjær Hansen, Investor Relations Manager, +45 38 17 64 31

  

About ISS
The ISS Group was founded in Copenhagen in 1901 and has grown to become one of the world's leading Facility Services companies. ISS offers a wide range of services such as: Cleaning, Catering, Security, Property and Support Services as well as Facility Management. Global revenue amounted to DKK 78.5 billion in 2013 and ISS has more than 520,000 employees and local operations in more than 50 countries across Europe, Asia, North America, Latin America and Pacific, serving thousands of both public and private sector customers. For more information on the ISS Group, visit www.issworld.com.

 

ISS A/S, CVR 28 50 47 99, ISIN DK 0060542181

ISS Global A/S, ISIN XS0206714247

 


Attachments

ISS Announcement no  20 - Accelerated Bookbuilt.pdf Announcement of accelerated bookbuilt of existing ISS shares.pdf