DGAP-Adhoc: Covestro AG: Covestro places shares at EUR 24.00 per share


Covestro AG  / Key word(s): IPO

02.10.2015 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.

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NOT FOR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES,
AUSTRALIA, CANADA OR JAPAN

Covestro AG, Bayer Aktiengesellschaft and its syndicate banks have set the
issue price for the offered shares at EUR 24.00 per share. A total of
62,500,000 new shares from a capital increase were placed. The total issue
volume amounts to EUR 1,500 million. Based on the total number of shares of
202,500,000 and the offer price of EUR 24.00 per share, the market
capitalization of Covestro amounts to EUR 4,860 million.

The shares will start trading in the regulated market segment (Prime
Standard) of the Frankfurt Stock Exchange on October 6, 2015. The free
float will amount to approximately 31 percent after the placement and
without stabilization measures. Stabilization measures equivalent to as
much as 10 percent of the shares placed in the offering may be performed
within up to 30 days after commencement of trading.

Contacts:
Ronald Köhler, Covestro AG, Investor Relations, Phone: +49 214 6009 5098,
e-mail: ronald.koehler@covestro.com
Ilia Kürten, Covestro AG, Investor Relations, Phone: +49 214 6009 7429,
e-mail: ilia.kuerten@covestro.com


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Information and Explaination of the Issuer to this News:

Forward-Looking Statements
This ad-hoc statement may contain forward-looking statements based on
current assumptions and forecasts made by Covestro AG. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here.
These factors include those discussed in Covestro's and Bayer's public
reports, which are available on the Covestro website at www.covestro.com
and on the Bayer website at www.bayer.com. Covestro and Bayer assume no
liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.

Important information
This information is not intended for distribution, directly or indirectly,
in or into the United States (including its territories and possessions,
any state of the United States and the District of Columbia), Australia,
Canada or Japan. This information does not constitute or form a part of any
offer or solicitation to purchase or subscribe for securities in the United
States. The shares mentioned herein have not been, and will not be,
registered under the U.S. Securities Act of 1933, as amended (the
'Securities Act').

The shares may not be offered or sold in the United States, except pursuant
to an exemption from the registration requirements of the Securities Act.
There will be no public offer of the shares in the United States.

In the United Kingdom, this information is only being distributed to and is
only directed at (i) investment professionals falling within Article 19(5)
of the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the 'Order') or (ii) high net worth companies, 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 Shares 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.

This publication constitutes neither an offer to sell nor a solicitation to
buy securities. The securities have already been sold.

02.10.2015 The DGAP 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:      Covestro AG
              Kaiser-Wilhelm-Allee 60
              51373 Leverkusen
              Germany
Phone:        +49 (0) 214 60095098
Fax:          +49 (0) 214 60097002
E-mail:       ronald.koehler@covestro.com
Internet:     www.covestro.com
ISIN:         DE0006062144
WKN:          606214
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated
              Unofficial Market in Dusseldorf, Tradegate Exchange
 
Notierung vorgesehen / intended to be listed (Frankfurt, Prime Standard)
 
End of Announcement                             DGAP News-Service
 
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