DGAP-News: va-Q-tec AG sets IPO price at EUR 12.30 per share


DGAP-News: va-Q-tec AG / Key word(s): IPO
va-Q-tec AG sets IPO price at EUR 12.30 per share

29.09.2016 / 21:57
The issuer is solely responsible for the content of this announcement.

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PRESS RELEASE

va-Q-tec AG sets IPO price at EUR 12.30 per share

  - Total offer volume of EUR 82.9 million

  - Gross primary proceeds of EUR 46.1 million

  - Free-float at 51.5% assuming full exercise of the Greenshoe Option

  - Trading to begin on 30 September 2016 in the Prime Standard of the
    Frankfurt Stock Exchange

Würzburg, 29 September 2016. va-Q-tec AG (or the "Company") and Berenberg
as Sole Global Coordinator of the Initial Public Offering ("IPO" or
"Offering"), have set the final offer price for va-Q-tec shares at EUR
12.30 per share.

A total of 6,738,656 shares were allotted to new investors in the context
of the Offering. Thereof 3,750,000 newly issued shares ("New Shares")
result from a capital increase, corresponding to EUR 46.1 million gross
proceeds for the Company. In addition, 2,109,702 secondary shares ("Sale
Shares") were placed from the holdings of several current shareholders, and
additional 878,954 shares were used to cover over-allotments ("Over-
Allotment-Shares").

The total offer volume, including over-allotments, amounts to EUR 82.9
million and equates to a market capitalization of EUR 161.0 million for va-
Q-tec.

As a result of the implementation of the IPO capital increase, the total
share capital of
va-Q-tec AG amounts to 13,089,502 shares. The free float will amount to
44.8% of the shares without exercise of the Greenshoe Option and 51.5% if
the Greenshoe Option is exercised in full.

"We have received great feedback from the investors during the roadshow. By
investing into our Company, they placed great trust in our growth strategy
going forward. The proceeds from the IPO give us the financial flexibility
to expand our technology leadership and grow faster than our underlying
markets - especially in the Healthcare & Logistics environment", said Dr
Joachim Kuhn, CEO of va-Q-tec AG.

The va-Q-tec shares will be traded on the Regulated Market (Prime Standard)
of the Frankfurt Stock Exchange under the ticker symbol "VQT", the ISIN
DE0006636681 and the German securities identification number (WKN) 663668
from 30 September 2016.

Berenberg is acting as Sole Global Coordinator and Joint Bookrunner to the
transaction, with MainFirst Bank as Joint Bookrunner and equinet Bank as
Co-Lead Manager.

+++ENDS+++

Contact
Ursula Querette
Instinctif Partners
Telephone: +49 89 3090 5189-22
eMail: ursula.querette@instinctif.com

About va-Q-tec
va-Q-tec is a leading provider of high performance products and solutions
in the field of thermal insulation. The Company develops, manufactures and
sells innovative, vacuum insulation panels ("VIPs") and phase change
materials ("PCMs") for reliable and energy efficient temperature control
and insulation. Furthermore, by optimally integrating VIPs and PCMs, va-Q-
tec manufactures passive thermal packaging solutions (containers and
boxes), which offer constant temperature conditions between 24 and over 200
hours without using external energy sources. Within its rental services
business, the company has built a global partner network to provide for an
extensive fleet of containers and boxes fulfilling highly demanding thermal
protection standards in temperature sensitive supply chains. Besides
Healthcare & Logistics as main market, va-Q-tec addresses additional
markets such as Appliances & Food, Technics & Industry, Building and
Mobility. The strongly growing Company was founded in 2001, and has its
headquarters in Würzburg. More information on va-Q-tec under www.va-q-
tec.com.

Disclaimer
This communication constitutes neither an offer to sell nor a solicitation
to buy securities. The public offering (in Germany and Luxemburg) was made
solely by means of, and on the basis of, a published securities prospectus.
An investment decision regarding the publicly offered securities of va-Q-
tec AG should only be made on the basis of the securities prospectus. The
securities prospectus is available free of charge from va-Q-tec AG, Karl-
Ferdinand-Braun-Str. 7, D-97080 Würzburg, Germany as well as on https://
ir.va-q-tec.com.

This communication is not for publication or distribution, directly or
indirectly, in or into the United States, Canada, Australia or Japan. This
communication does not constitute or form part of an offer of securities
for sale or solicitation of an offer to purchase securities in the United
States, Canada, Australia, Japan, or in any other jurisdiction in which
such offer may be restricted. The securities referred to in this
communication have not been, and will not be, registered under the US
Securities Act of 1933, as amended (the "Securities Act"), and may not be
offered or sold in the United States There will be no public offering of
securities in the United States or anywhere else, except for Germany and
Luxemburg.

In the United Kingdom, this communication is directed only at persons who:
(i) are qualified investors within the meaning of the Financial Services
and Markets Act 2000 (as amended) and any relevant implementing measures
and/or (ii) are outside the United Kingdom or (iii) have professional
experience in matters relating to investments and fall within the
definition of "investment professionals" contained in article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(as amended) (the "Order") or are persons falling within article 49(2)(a)
to (d) (high net worth companies, unincorporated associations, etc.) of the
Order, or fall within another exemption to the Order (all such persons
referred to in (i) to (iii) above together being referred to as "Relevant
Persons"). Any person who is not a Relevant Person must not act or rely on
this communication or any of its contents. Any investment or investment
activity to which this communication relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons.

Forward-looking statements
Statements contained herein may constitute "forward-looking statements".
Forward-looking statements are generally identifiable by the use of the
words "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 are based on current expectations and involve a
number of known and unknown risks, uncertainties and other factors that
could cause the Group'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. You should not place undue
reliance on forward-looking statements and the Group 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.


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29.09.2016 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.

The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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   Language:    English                                         
   Company:     va-Q-tec AG                                     
                Karl-Ferdinand-Braun Str. 7                     
                97080 Würzburg                                  
                Germany                                         
   Phone:       +49 (0)931 35 942 0                             
   Fax:         +49 (0)931 35 942 10                            
   E-mail:      info@va-Q-tec.com                               
   Internet:    www.va-Q-tec.com                                
   ISIN:        DE0006636681                                    
   WKN:         663668                                          
   Listed:      Regulated Market in Frankfurt (Prime Standard)  
 
 
   End of News    DGAP News Service  
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