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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
DGAP-Adhoc: Covestro AG: Covestro places shares at EUR 24.00 per share
| Source: EQS Group AG