Hess AG / Key word(s): IPO
17.10.2012 08:18
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Hess extends subscription period and reduces price range
-Subscription period extended until October 23, 2012, 12 noon (Central
European Time)
-Price range reduced to between EUR 15.50 and EUR 18.50 per share
Villingen-Schwenningen, October 17, 2012 - Hess AG, one of the
internationally established manufacturers of external and architectural
lighting, has reduced the price range for the offered shares to between EUR
15.50 and EUR 18.50 and the offering period during which interested
investors can subscribe for shares will be extended until October 23, 2012,
12 noon (Central European summer time). It is expected that a corresponding
amendment no. 1 to the prospectus will be approved today by the BaFin
and published directly after its approval. The offering consists of a
public offering in Germany, and an international private placing outside
the United States of America, Australia, Japan and Canada. The final
placement price will be derived from a bookbuilding process, and it is
expected to be announced through an ad hoc announcement on October 23,
2012.
The share offering comprises up to 2,300,000 shares and a further up to
345,000 shares as part of a potential over-allotment from the holdings of
the main shareholder, Hess Grundstücksverwaltungs GmbH & Co. KG; strategic
investor HPE Pro Institutional Fund B.V. will not sell shares as part of
the IPO. If the shares are fully placed, the gross issue proceeds for Hess
AG will amount to around between EUR 35.7 million to EUR 42.6 million
(without the Greenshoe option). The targeted free float will be around 50.7
% after the IPO if the offered shares are fully placed and the Greenshoe
option is fully exercised. Landesbank Baden-Württemberg ('LBBW') will
manage the transaction as Lead Manager and Sole Bookrunner; Kempen & Co. N.
V. ('Kempen') and M.M. Warburg & CO KGaA ('M.M. Warburg') will be the
Co-Lead Managers.
Disclaimer:
This publication represents neither an offer to purchase nor the request of
an offer for the purchase of securities. Hess AG securities are not, and
will not be, offered publicly outside Germany. Any public offer in Germany
occurs exclusively through and on the basis of a securities prospectus. The
securities prospectus is published on the company's website
(http://www.hess.eu), and is available free of charge in printed form from
the company (Lantwattenstrasse 22, 78050 Villingen-Schwenningen, Germany,
Fax 07721/920250), and from the Landesbank Baden-Württemberg, Am
Hauptbahnhof 2, 70173 Stuttgart, Germany, Fax 0711/127-25198). Amendment
no. 1 will be available in a corresponding form.
This publication represents neither an offer to purchase nor the request of
an offer for the purchase of securities in the United States of America.
Hess AG shares may not be offered or sold in the United States of America,
or to 'US Persons' (as defined in Regulation S of the US Securities Act of
1933, as amended (the 'Securities Act')), or for the account of 'US
Persons', unless they are registered under the Securities Act or exempt
from the applicable requirement requirements under the Securities Act. The
shares were not, and are not, registered pursuant to the Securities Act.
This publication is for distribution only to
(i)individuals who have professional experience in matters relating to
investments, or
(ii)individuals who fall under Article 49 (2) (a) to (d) ('high net worth
companies', unincorporated associations etc) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, or
(iii)other individuals to whom they may be legally made accessible
(whereby such individuals are together designated as 'Relevant Persons').
This publication is addressed exclusively to Relevant Persons. Individuals
who are not Relevant Persons may not act on the basis of trust in this
publication. Any investment or investment activity relating to this
publication is open exclusively to Relevant Persons, and will be entered
into solely with Relevant Persons.
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Information and Explaination of the Issuer to this News:
Kontakt:
Hess AG
Marco Walz
Investor Relations
LantwattenstraÃe 22
78050 Villingen-Schwenningen
Tel: +49 7721 920-475
Fax: +49 7221 920-771475
Mail: marco.walz@hess.eu
www.hess.eu
cometis AG
Ulrich Wiehle/Mark Appoh
Unter den Eichen 7
65195 Wiesbaden
Tel: +49 611 205855-11
Fax: +49 611 205855-66
Mail: wiehle@cometis.de
17.10.2012 DGAP's 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: Hess AG
LantwattenstraÃe 22
78050 Villingen-Schwenningen
Germany
Phone:
Fax:
E-mail:
Internet:
ISIN: DE000A0N3EJ6
WKN: A0N3EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen (Regulierter Markt) / designated to be listed (Regulated
Market)
End of Announcement DGAP News-Service
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DGAP-Adhoc: Hess extends subscription period and reduces price range
| Source: EQS Group AG