DGAP-Adhoc: Steilmann SE: Steilmann SE adjusts offering size due to market conditions

Steilmann SE  / Key word(s): IPO

22.10.2015 12:02

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Steilmann SE adjusts offering size due to market conditions

Bergkamen, 22 October 2015 - Steilmann SE Group has adjusted the offering
size of its initial public offering (IPO) due to current market conditions.

Together with the underwriting banks ODDO SEYDLER BANK AG and Banca IMI,
the company has set the offer price at EUR 3.50 per share.

The number of shares offered in the IPO has been reduced to 12,500,000 new
ordinary bearer shares and 1,875,000 shares as part of a potential
over-allotment. Assuming placement of all offered shares the total gross
proceeds will amount to approximately EUR 50.3 million.

The offer period has been extended and will close on 29 October 2015.
Commencement of trading of the shares on the regulated market (Prime
Standard) of the Frankfurt Stock Exchange is scheduled for 3 November 2015
under the German Securities Code (WKN) A14KR5 and International Securities
Identification Number (ISIN) DE000A14KR50.

The supplement to the securities prospectus dated 12 October 2015 was
approved by the German Federal Financial Supervisory Authority (BaFin)
today and is available to download on the company's website at the
following link: http://www.steilmann-se.com/

Contact

Reena Dennhardt
Tel.: +49 (0)2389 - 783 165
Email: Dennhardt@Steilmann-SE.com

Monica Giazzi
Tel.: +49 (0)2389-783 110
Email: m.giazzi@Steilmann-SE.com

About Steilmann SE

Steilmann SE Group is one of the largest apparel companies in Germany by
revenue. The family-owned company headquartered in Bergkamen (North
Rhine-Westphalia) covers the entire value chain of the clothing industry,
controlling all key processes from design and manufacturing to sales in its
stores and those of its customers, as well as e-commerce operations. The
company operates in a growing segment of the industry, focusing on the
growing Best-Ager segment (45 plus). The company's product portfolio
consists of its own brands, such as Steilmann, Apanage, Kapalua, and
Stones, as well as third-party brand apparel. Steilmann SE comprises the
operations of Steilmann-Boecker Group, Steilmann Fashion Group and Apanage
Fashion Group, as well as a joint indirect majority stake in Adler
Modemärkte AG. The company's total revenues, including those of Steilmann
Fashion Group and Apanage Fashion Group acquired at the end of last year,
amounted to approximately EUR 896 million in 2014. In fiscal year 2014,
Steilmann Group had over 8,300 employees worldwide, 58 per cent of whom
were based in Germany. Its products are sold at more than 1,300 points of
sale in 18 countries.

Forward-looking statements

This publication may contain forward-looking statements based on current
assumptions and forecasts made by Steilmann SE. Various known and unknown
risks, uncertainties and other factors could lead to material differences
between the actual future results, financial situation or development of
Steilmann SE and the estimates given here. Steilmann SE assumes no
liability to update these forward-looking statements or to revise them in
line with future events or developments.

Important notice

This publication does not constitute an offer to sell or solicitation of an
offer to buy or subscribe for any securities. No public offer of securities
of Steilmann SE is being or will be made to the public outside Germany or
Luxembourg. The public offer in Germany and Luxembourg is being made
exclusively on the basis of the securities prospectus which has been
published in the form approved by the German Financial Supervisory
Authority (Bundesanstalt für Finanzdienstleisungsaufsicht) and notified to
the Luxembourg Financial Sector Supervisory Commission (Commission de
Surveillance du Secteur Financier). Any decision to invest in the
securities of Steilmann SE should solely be based on the securities
prospectus. Copies of the securities prospectus are available free of
charge at the offices of Steilmann SE (Industriestraße 42, 59192 Bergkamen,
Germany) as well as on the website of Steilmann SE
(http://www.steilmann-se.com/).

Neither this publication nor any copy of it may be made or transmitted into
the United States (including its territories or possessions, any state of
the United States of America and the District of Columbia) (the "United
States"), or distributed, directly or indirectly, in the United States. The
material set forth herein is for informational purposes only and does not
constitute an offer of securities for sale in the United States or any
other jurisdiction in which such an offer or solicitation is unlawful. The
securities referred to herein have not been and will not be registered
under the United States Securities Act of 1933, as amended (the Securities
Act), or with any securities regulatory authority of any state or other
jurisdiction of the United States, and may not be offered or sold within
the United States except pursuant to an exemption from, or in a transaction
not subject to, the registration requirements of the Securities Act and any
applicable securities laws of any state or other jurisdiction of the United
States. No public offering of securities will be made in the United States.

In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons"). This document is directed only at
Relevant Persons and must not be acted on or relied on by persons who are
not Relevant Persons. Any investment or investment activity to which this
document relates is available only to Relevant Persons and will be engaged
in only with Relevant Persons.


22.10.2015 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:      Steilmann SE
              Baumstraße 22-24
              44623 Herne
              Germany
Phone:        +49 (0)23 89 783-0
Fax:          +49 (0)23 89 783-112
E-mail:       info@steilmann-se.com
Internet:     www.steilmann-se.com
ISIN:         DE000A1PGWZ2, DE000A14J4G3, DE000A12UAE0
WKN:          A1PGWZ, A14J4G, A12UAE
Listed:       Regulated Market in Frankfurt (Prime Standard)
 
Notierung vorgesehen / Intended to be listed (Frankfurt, Prime Standard)
 
End of Announcement                             DGAP News-Service
 
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