DGAP-News: UNIWHEELS AG: UNIWHEELS AG INITIATES PUBLIC OFFERING IN POLAND AND PLANS TO DEBUT ON THE WARSAW STOCK EXCHANGE (news with additional features)

DGAP-News: UNIWHEELS AG / Key word(s): IPO
UNIWHEELS AG: UNIWHEELS AG INITIATES PUBLIC OFFERING IN POLAND AND
PLANS TO DEBUT ON THE WARSAW STOCK EXCHANGE (news with additional
features)

13.04.2015 / 12:45

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Bad Dürkheim, Warszawa, 13th April 2015: 

UNIWHEELS AG (the "UNIWHEELS" or the "Company" and together with its
subsidiaries the "Group" or the "UNIWHEELS Group"), one of Europe's largest
OEM wheel suppliers to the automotive industry and the leading European
manufacturer of aftermarket alloy wheels, has initiated a public offering
process and has published the Prospectus today.

The Offering
The initial public offering of UNIWHEELS AG will consist of:

 the Offering by the Company of 2,400,000 new ordinary bearer shares with
no-par value from a share capital increase (the "New Shares"); and
 the Offering by the Selling Shareholder of 2,400,000 existing ordinary
bearer shares with no-par value from the holding of the Selling Shareholder
(the "Sale Shares") - UNIWHEELS Holding (Malta) Ltd.

The final number of shares will be indicated on the pricing day (April
23rd).  The offering will consist of a public offering to retail and
institutional investors in Poland and a private placement to institutional
investors outside the United States (excluding Poland) in reliance on
Regulation S under the U.S. Securities Act of 1933. Currently UNIWHEELS
Holding (Malta) Ltd. is the sole shareholder of the Company holding
10,000,000 shares representing 100% of capital and 100% of voting rights.
Mr Ralf Schmid who is a founder and CEO of the Company holds 92% of voting
rights and Mr Michael Schmid holds 8% of voting rights in UNIWHEELS Holding
(Malta) Ltd.

The Offer price
The Offer Price will not be set higher than PLN 119  (the "Maximum Price")
per Offer Share and will be the same for the New Shares and the Sale Shares
and for all types of investors.


Reasons for the Offering and use of proceeds 

Assuming a placement of all New Shares at the Maximum Price, the net
proceeds that the Company will receive from the issue are expected to be
approximately EUR 66.8 mln.

The total proceeds from the Offering (together with the Sale Shares) is
expected to amount to approximately EUR 134.9 mln  net (EUR 140.7 mln
gross).

The Company intends to sell the New Shares to finance the construction of a
new production plant in Stalowa Wola, Poland and to get access to the
capital markets and thereby gain additional funding opportunities and
improve its strategic flexibility by listing the Company's shares on the
regulated market of the Warsaw Stock Exchange. In addition, the proceeds
from the Offering should improve the Group's debt to equity ratio and
prepare grounds for funding the continued long-term growth of the Group.

The establishment of a new plant will be executed in two stages. The Group
expects the first stage, which will be financed mainly with proceeds from
the Offering as set out above, to be completed in fall 2016. The remaining
expenditures for the first stage of the new plant development, exceeding
the net proceeds from the sale of New Shares, will be covered either by
current cash flows from operating activities or from available credit
lines. The second stage of establishment of a new plant should be completed
in 2018 with achieving the envisaged total capacity of approximately 1.9
million wheels per year and will also be financed either by current cash
flows from operating activities or from available credit lines.

Capex plan for the new plant in Stalowa Wola:

* Stage 1 - which allows a capacity increase of 1.2 mln wheels in total per
year (stage financed mainly from IPO proceedings):

year In EUR mln
2014 0.7
2015 37.3
2016 30.2

* Stage 2 - which allows the full planned increase by 1.9 mln wheels in
total per year (i.e. an additional 0.7 mln wheels per year)

year In EUR mln
2017 18.2
2018 0.4


"UNIWHEELS has a strong connection to Poland with over 15 years of
production experience. Two of the three existing plants are located in
Stalowa Wola, about 80% of our production is generated in these plants and
about three-quarters of our employees are based in Poland. This
relationship with Poland will be even stronger after completion of the
planned new plant in Stalowa Wola, which will be partly financed from IPO
proceeds." - says Ralf Schmid, UNIWHEELS CEO

"In our Automotive Business where we supply to European car manufacturers
and which is responsible for 80% of our revenues, we focus on premium car
brands such as Audi, BMW/Mini, Mercedes/AMG, Volvo and many others. This
means that from Stalowa Wola nearly all renowned car production sites
Europe-wide are supplied. Focus on premium brands leads to access to global
and emerging markets, a balanced customer portfolio and a minimized
exposure to market fluctuations. We think that our company could be
interesting for both Polish and foreign investors". - adds Mr. Schmid.

"We look forward to be part of the Polish capital market and we are
convinced of the maturity and level of professionalism of this market. WSE
is one of the most successful stock exchanges in Europe and it has
outstripped some traditional stock markets over the past years. In general,
we consider Poland as the strongest and most stable economy in the Central
and Eastern European region." - concludes Dr. Karsten Obenaus, UNIWHEELS
CFO.

Timetable of the Offering and retail subscription 

13 April 2015:
- Publication of the Prospectus on the Company's website
- Opening of the Offering - Commencement of the book-building process among
the Institutional Investors

17 - 22 April 2015:
- Acceptance of purchase orders from the Retail Investors (ending on 22
April 2015, by 23.59 CET)

23 April 2015:
- End of book-building process among the Institutional Investors
- Determination of the Offer Price and the final number of the Offer Shares
(including New Shares and Sale Shares) to be offered in the Offering,
provided however that the publication of the Offer Price and the final
number of the Offer Shares (consisting of New Shares and Sale Shares) to be
offered in the Offering will occur not later than at 9.00 a.m. on 24 April
2015

24 - 28 April 2015:
- Acceptance of the purchase orders from the Institutional Investors

29 April 2015:
- WSE session - Processing of the purchase orders for the sale of the New
Shares (PNE, prawa do emisji) to Retail Investors through WSE system and
registration of PNE at the securities accounts of the Retail Investors.
- Allotment of the Offer Shares and end of the Offer Period.

7 May 2015:
- Expected date of the registration of the Offer Shares on Retail Investors
and Institutional Investors accounts.

On or about 8 May 2015:
- Expected first day of trading of the Offer Shares on the WSE.


The Retail Investors will place their subscriptions between April 17 and 22
at the Maximum Price of 119 PLN, indicating the number of Offer Shares they
are willing to buy. Subscription orders from the Retail Investors will be
accepted at the client service points of Dom Maklerski mBanku S.A., Bank
Zachodni WBK S.A and Dom Maklerski BOŚ S.A..


About UNIWHEELS:
The UNIWHEELS Group is one of Europe's largest OEM wheel suppliers to the
automotive industry and the leading European manufacturer of aftermarket
alloy wheels (well-known brands ATS, RIAL, ALUTEC and ANZIO). Currently,
the Group has three production plants, two of them are based in Poland
(Stalowa Wola), and one in Germany (Werdohl).

The UNIWHEELS Group is one of the leading suppliers of alloy wheels for
passenger cars in Europe and one of the few technology leaders in the
aluminium wheels business. The Company believes that in 2014 the Group was
the third largest alloy wheel producer in Europe in terms of revenues with
a market share of approximately 11% and the leading manufacturer in the
European aftermarket sector with a market share of approximately 13% in
terms of volumes sold. The Company believes that in 2013 the UNIWHEELS
Group was the third largest market player in the European OEM sector in
terms of revenues from sale to light weight car manufacturers in Europe.

In 2014, the UNIWHEELS Group sold 7.2 million wheels (an increase of 5.2%
over the previous year). The sales of wheels increased substantially both
in the automotive industry segment and in the accessory market segment.

In 2014, the UNIWHEELS Group delivered 5.8 million wheels to the OEM
(Original Equipment Manufacturer) customers - renowned car manufacturers
like Audi, BMW/MINI, Mercedes/AMG, Jaguar/Land Rover, PSA, Volvo and others
and 1.4 million of wheels to the aftermarket customers under the brands
ATS, RIAL, ALUTEC and ANZIO.

Two UNIWHEELS Group factories based in Stalowa Wola are responsible for
approx. 83% of the total Group production. In 2014 over 6 million wheels
were sold from Poland-based factories. UNIWHEELS Group employs over 1800
employees in Poland. The Group's German plant in Werdohl has approx. 370
employees and had an output of approx. 1.2 million high-end wheels sold in
2014.

More information: www.uniwheels.com


For more information please contact:

Oliver Madsen 
Head of Investor Relations 
o.madsen@de.uniwheels.com
UNIWHEELS AG
Gustav-Kirchhoff-Str. 10 
67098 Bad Dürkheim 
Germany 
www.uniwheels.com

Piotr Piotrowski 
Corporate Communications 
p.piotrowski@ccgroup.com.pl
CC Group sp. z o.o.
Tel (+48) 22 440 1 440, 697 613 010



This announcement is not an offer of securities for sale in Australia,
Canada, Japan or the United States. Securities 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 an exemption from registration.
The securities referred to herein have not been and will not be registered
under the Securities Act. No public offering of the securities will be made
in the United States.

This announcement is for promotional purposes only and under no
circumstances shall constitute the basis for a decision to invest in the
shares of UNIWHEELS AG (the "Company"). The prospectus (the "Prospectus")
prepared in connection with the public offering and admission of the
Company's shares to trading on the Warsaw Stock Exchange ("WSE") and
approved by Bundesanstalt für Finanzdienstleistungsaufsicht ("BaFin") shall
be the sole legally binding announcement containing information on the
Company and the offering of its shares in Poland (the "IPO"). For the
purposes of the IPO and admission of the Company's shares to trading on the
WSE, the Company has made the Prospectus available on the Company's website
www.uniwheels.com

Statements contained herein may constitute "forward-looking statements".
Forward-looking statements are generally identifiable by the use of the
words "is likely to", "aim", "may", "will", "should", "plan", "expect",
"anticipate", "estimate", "believe", "intend", "project", "goal" or
"target" or the negative of these words or other variations on these words
or comparable terminology. Forward-looking statements involve a number of
known and unknown risks, uncertainties and other factors that could cause
the Company's or its industry's actual results, levels of activity,
performance or achievements to be materially different from any future
results, levels of activity, performance or achievements expressed or
implied by such forward-looking statements. The Company does not undertake
publicly to update or revise any forward-looking statement that may be made
herein, whether as a result of new information, future events or otherwise.

It may be unlawful to distribute this announcement in certain
jurisdictions. This announcement is not for distribution in Canada, Japan
or Australia. The information in this announcement does not constitute an
offer of securities for sale in Canada, Japan or Australia.

The Global Coordinator, Joint Bookrunners Joint Offering Agents or
Underwriters do not intend to disclose the extent of any individual
investments or transactions otherwise than in accordance with any legal or
regulatory obligations to do so. None of the Global Coordinator, Joint
Bookrunners, Joint Offering Agents or Underwriters or any of their
respective subsidiary undertakings, affiliates or any of their respective
directors, officers, employees, advisers, agents or any other person
accepts any responsibility or liability whatsoever for, or makes any
representation or warranty, express or implied, as to the truth, accuracy,
completeness or fairness of the information or opinions in this
announcement  or any other information relating to the Company, its
subsidiaries or associated companies, whether written, oral or in a visual
or electronic form, and howsoever transmitted or made available, or for any
loss howsoever arising from any use of this announcement or its contents or
otherwise arising in connection therewith.



+++++
Additional features:

Document: http://n.equitystory.com/c/fncls.ssp?u=ECCRTIFPGO
Document title: UNIWHEELS Prospectus publication

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13.04.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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343205 13.04.2015