Fenghua SoleTech AG / Key word(s): IPO 24.10.2014 17:11 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Fenghua SoleTech AG sets placement price at 10.00 Euro and 42.09 Zloty per share * Allocation of 55,641 shares * Listing expected to take place on November 6, 2014 in Frankfurt and on November 7, 2014 in Warsaw Frankfurt am Main, October 24, 2014 - Today Fenghua SoleTech AG (hereinafter "Fenghua") together with its joint lead managers set a placement price of 10.00 Euro and 42.09 Polish Zloty (exchange rate as of October 15, 2014: 4.2089 PLN per 1 Euro) for the new shares offered in the IPO. Thus, the placement price lies at the lower end of the price range of 10.00 to 12.00 Euro or 42.09 to 50.51 Zloty per share. In the context of the public offering in Germany and Poland Fenghua has placed a total of 55,641 no par value bearer shares. The company hence will receive gross proceeds of around 0.6 million Euro (2.34 million Zloty) from the IPO. About 64 per cent of the total number of placed shares were allotted to retail investors. All subscription orders at a price of 10.00 Euro or 42.09 Polish Zloty and above received full allocation. The allotment within the scope of the offering to retail investors was carried out in compliance with the Principles for the Allotment of Share Issues to Private Investors issued by the Exchange Experts Commission (BSK) at the German Federal Ministry of Finance. There was no preferential allotment to members of the executive bodies of Fenghua SoleTech AG or their relatives or to employees or business partners of Fenghua SoleTech AG. The shares of Fenghua are expected to be traded on the Regulated Market (General Standard) of the Frankfurt Stock Exchange starting on November 6, 2014 under the ISIN DE000A13SX89, the German Securities Identification No. (WKN) A13SX89 and the ticker symbol FGT. The start of trading on the Regulated Market (Parallel Market) of the Warsaw Stock Exchange is scheduled for November 7, 2014. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 'Despite the currently difficult environment especially for IPOs of Chinese companies, we do not regret our decision to do a listing in Germany and Poland. Even though we did not place as many shares as expected we'll continue to follow our plans to expand and modernise our production. We are very confident to generate attractive returns for our shareholders', says Yong Shiau Wuee, CFO of Fenghua SoleTech AG. About Fenghua Fenghua was founded in 2004 and is a modern, technology-driven Chinese manufacturer of shoe soles. Fenghua produces more than 40 million pairs of shoe soles per year. Disposing of a dynamic research and development team, Fenghua is able to offer an own range of products. The soles manufactured by Fenghua are designed for performance sports shoes as well as for leisure and casual sports-inspired shoes targeting mid to high end shoe producers in China and international brands. In the financial year 2014 Fenghua generated revenues of 90.1 million Euros. As of June 30, 2014, Fenghua employed 1,822 employees. Additional information: ISIN: DE000A13SX89 Securities Identification No. (WKN): A13SX89 Ticker Symbol: FGT Listing requested: Regulated Market / General Standard at Frankfurt Stock Exchange in parallel: Regulated Market / Parallel Market at Warsaw Stock Exchange Legal seat of the Company: Germany For further information, please contact: Kirchhoff Consult AG Anja Ben Lekhal Tel: +49(0) 40 609 186 55 Mail: anja.benlekhal@kirchhoff.de Or visit: www.fenghua-ag.de/en Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of and on the basis of a published securities prospectus (including any amendments thereto, if any), which was published after approval by the German Financial Supervisory Authority (BaFin) on 10 October 2014. An investment decision regarding the publicly offered securities of the issuer should only be made on basis of the published prospectus. The public offering of the shares of the Company is conducted solely in Germany and Poland. On 10 October 2014, the German Financial Supervisory Authority (BaFin) approved the securities prospectus of Fenghua, and on the same day notified the Polish Financial Supervisory Commission. The securities prospectus was prepared in connection with the public offering of shares of Fenghua conducted in Germany and Poland and admitting and introducing of the shares of Fenghua to trading on the Frankfurt Stock Exchange and Warsaw Stock Exchange. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in Fenghua SoleTech AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. 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 'qualified persons'). All securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, qualified persons. Any person who is not a qualified person should not act or rely on this document or any of its contents. The public offer in Poland and Germany will solely be made by means of and on the basis of a securities prospectus published on 10 October 2014. The securities prospectus is available free of charge at the Company's website under http://www.fenghua-ag.de/en and at the premises of Fenghua SoleTech AG, Frankfurt, and DF Capital, Warsaw. 24.10.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Fenghua SoleTech AG Mainzer LandstraÃe 41 60329 Frankfurt am Main Germany Phone: +49 (0)69 95925484 Fax: E-mail: fenghua@kirchhoff.de Internet: www.fenghua-ag.de ISIN: DE000A13SX89 WKN: A13SX8 Listed: Regulierter Markt in Frankfurt (General Standard); Warschau Notierung vorgesehen (General Standard FRA, Reg. Markt Warschau) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Fenghua SoleTech AG sets placement price at 10.00 Euro and 42.09 Zloty per share
| Source: EQS Group AG