Joyou AG / IPO
23.03.2010 08:28
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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Frankfurt, 23 March 2010. Joyou AG, a leading manufacturer of bathroom,
kitchen and other faucets and a specialist in other sanitary ware products
in China, intends to go public on 30 March 2010. Joyou aims to obtain a
listing on the Regulated Market (Prime Standard) of the Frankfurt Stock
Exchange.
The price range within which purchase offers may be submitted will be EUR
12.50 to EUR 17.00 per share. Assuming a full exercise of the Greenshoe
Option, this represents a total issue volume of EUR 100.6 million to EUR
136.9 million. The offer period commences on 23 March 2010 and is expected
to end on 26 March 2010. On the final day of the offer period, private
investors can submit purchase offers until 12:00 noon and other investors
until 6:00 pm (CET).
The Offering consists of a public offering in Germany and Luxembourg and
private placements to institutional investors outside Germany, Luxembourg
and the United States. It consists of up to 8,050,000 no par value ordinary
bearer shares (Inhaberstückaktien) of Joyou AG, each having a notional
value of EUR 1.00 and each vested with full dividend rights for the entire
financial year 2010. Of this amount, up to 7,000,000 no par value ordinary
bearer shares originate from a capital increase against cash contributions.
Up to 1,050,000 no par value ordinary shares will be made available by the
Greenshoe Shareholders in connection with a potential over-allotment
(Greenshoe).
The company plans to use the net proceeds of the offering primarily to
finance the further expansion of Joyou Group. The detailed terms and
conditions of the offering are set forth in the prospectus approved by the
German Financial Supervisory Authority ('BaFin') on 16 March 2010 and the
supplement thereto, which will be published on the company website after
its approval by BaFin.
Macquarie Capital (Europe) Limited and China International Capital
Corporation Hong Kong Securities Limited (CICC) are acting as Joint Global
Coordinators, Joint Lead Managers and Joint Bookrunners. WestLB AG and DZ
BANK AG are acting as Co-Lead Managers. comdirect bank AG, DAB Bank AG and
S Broker AG & Co. KG are selling agents.
Additional information:
ISIN: DE000A0WMLD8
Securities Identification No. (WKN): A0WMLD
Listing requested: Regulated Market / Prime Standard at Frankfurt Stock
Exchange
Registered office of the company: Germany
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Joyou AG. The offer is being made solely by means of, and
on the basis of, the published securities prospectus (including any
supplements thereto). An investment decision regarding the publicly offered
securities of Joyou AG should only be made on the basis of the securities
prospectus. The securities prospectus is available free of charge from the
Company (fax number +49-(0) 40 60 91 86 60), the syndicate members (fax
number +49-(0) 69 7474 9797) or on the Company's website (www.joyou.com).
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of Joyou
AG (the 'Shares') have not been registered under the U.S. Securities Act of
1933, as amended (the 'Securities Act') and may not be offered or sold in
the United States unless registered under the Securities Act or pursuant to
an exemption from such registration. There will be no public offering of
the Shares in the United States and the Shares will not be registered under
the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, 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 securities 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 document has been delivered to you on the basis that you are a person
into whose possession this document may be lawfully delivered in accordance
with the laws of the jurisdiction in which you are located and you may not
deliver this document to any other person and you agree not to copy or
retransmit this document or its contents. In particular, this document may
not be forwarded or retransmitted to any person located in the United
States, Canada, the People's Republic of China or Japan.
The information in this document is subject to change and does not purport
to be a complete description of new shares or the offer. The syndicate
banks accept no liability whatsoever for any direct or consequential loss
arising from the use of this document. To the maximum extent permitted by
law, the syndicate banks and their respective directors, officers and
employees shall have no liability whatsoever for any loss or liability of
any kind arising in respect of the information contained, or not being
contained, in this document. The syndicate banks and their respective
directors, officers and employees may, from time to time, have long or
short positions in, buy or sell (on a principal basis or otherwise), and
may act as market makers in, the securities or derivatives, or serve as a
director of any companies mentioned herein. In addition, the syndicate
banks may be serving or have served as a corporate adviser and/or manager
of a public offering of securities by any such company. The syndicate banks
will receive fees for acting in that capacity.
Macquarie Capital (Europe) Limited is not an authorised deposit-taking
institution for the purposes of the Banking Act 1959 (Commonwealth of
Australia), and Macquarie Capital (Europe) Limited's obligations do not
represent deposits or other liabilities of Macquarie Bank Limited ABN 46
008 583 542. Macquarie Bank Limited does not guarantee or otherwise provide
assurance in respect of the obligations of Macquarie Capital (Europe)
Limited.
For further information, please contact:
Kirchhoff Consult AG
Dr Kay Baden, tel.: +49 40 60 91 86 0, baden@kirchhoff.de
Janina Wismar, tel.: +49 40 60 91 86 50, janina.wismar@kirchhoff.de
or visit the company website at: http://www.joyou.com
23.03.2010 08:28 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: Joyou AG
Chilehaus A, Fischertwiete 2
20095 Hamburg
Deutschland
Phone:
Fax:
E-mail: ian.oades@joyou.net
Internet: www.joyou.de
ISIN: DE000A0WMLD8
WKN: A0WMLD
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / designated to be listed
End of News DGAP News-Service
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DGAP-Adhoc: Joyou AG: Joyou specifies price range for planned IPO
| Source: EQS Group AG