Ultrasonic AG / Key word(s): IPO
08.12.2011 11:16
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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Issue price for Ultrasonic AG shares set at EUR 9.00
- Placement of 700,000 shares, thereof 100,000 shares from over-allotment
- No placement of existing shares
- Placement volume of EUR 6.3 million
- Successful placement in course of a 'Safe IPO'
- First day of trading in the Prime Standard on 9 December 2011
Frankfurt, 8 December 2011 - Ultrasonic AG, the German holding of an
established Chinese manufacturer and provider of high quality branded urban
footwear, has completed the public offering in Germany and Austria with the
placement of 700,000 shares. The shares were purchased by European and
Asian investors. Together with the Sole Lead Manager BankM - Repräsentanz
der biw Bank für Investments und Wertpapiere AG an issue price of EUR 9.00
for each offered share has been determined. Thereby the total IPO placement
volume amounts to around EUR 6.3 million. In respect to the current market
environment this placement result is rated as a success by the management
and the accompanying consortium.
Of the 700,000 placement shares, 100,000 shares have been distributed to
investors in the course of an over-allotment. In case of an execution of
the greenshoe option a capital increase of up to 100,000 shares will be
executed. The proceeds of the issued shares will be fully used for the
further expansion of the company's business. Mr Qingyong Wu, founder, main
shareholder and CEO of Ultrasonic, has agreed to a 18 month lockÂup period
on his shares from the first day of trading. Following the completion of
the capital increase on 8 December 2011, and the entry in the commercial
register, the new share capital amounts to EUR 10,600,000 with a free float
of 22.6 percent. If the greenshoe option is fully exercised, the free float
will amount to 23.4 percent and the share capital will account to EUR
10,700,000.
The subscription orders were allocated on a pro rata basis to generate a
minimum free float for orderly trading and additionally to have a potential
demand for the shares. Approximately 10 percent of the shares placed were
allocated to private investors and around 90 percent to institutional
investors. Private investors have been consistently taken into account of
90 percent of their subscription requests.
Since the company has liquid funds amounting to EUR 60 million (as of 30
September 2011) and as it generated a cash flow from operations of EUR 8.6
million solely in Q2 2011, the company's growth is secured.
The shares of the Ultrasonic AG will be traded presumably starting from 9
December with the International Securities Identification Number (ISIN)
DE000A1KREX3, the ticker symbol US5 and the Securities Identification
Number (WKN) A1KREX in the Prime Standard of the Frankfurt Stock Exchange.
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG is
Sole Lead Manager and Sole Bookrunner in this IPO. Due to the high
strategical importance for Ultrasonic AG, the IPO is executed as a 'Safe
IPO'. comdirect bank AG, Cortal Consors S.A, DAB bank AG, flatex AG,
ING-DiBa AG, S Broker AG & Co. KG and ViTrade AG as well as Asiasons WFG
Securities Pte Ltd. for the Asian region were involved as selling agents.
About Ultrasonic
The Cologne based Ultrasonic AG is the German holding of the Chinese
Ultrasonic-Group, an established manufacturer and provider of high quality
branded urban footwear. With almost 1,400 employees the group operates in
three market segments, each of which contributing about a third to the
group's revenue. Ultrasonic produces sandals and slippers for the upper
price segment and is a long-term supplier of shoe soles for leading
manufacturers of the booming Chinese sport shoe industry such as Anta, Xtep
and Unisuper. Moreover, the company has successfully established an own
'Urban Footwear' collection which is marketed under the brand ULTRASONIC
and specifically designed to the needs and taste of the growing urban
middle class. Ultrasonic's branded urban footwear collection is currently
marketed in 76 Ultrasonic mono-labelled shops, that realize selling prices
in a range from 400 to 1,200 RMB per pair, which is equivalent to approx.
EUR 50 to 140. Within the last three years Ultrasonic's business had a
compounded annual growth rate of more than 40 percent. In FY2010, the
company generated a total revenue of more than EUR 100 million and achieved
a net profit of approx. EUR 22 million.
For further information about the company visit: www.ultrasonic-ag.de
Disclaimer:
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any
securities. The shares have been offered in Germany and Austria exclusively
through and on basis of the prospectus issued 28 November 2011. The
prospectus is available on the website of Ultrasonic AG at
www.ultrasonic-ag.de.
This document is no offer for the purchase of securities in the United
States of America. Securities may only be sold or offered for sale with the
previous registration under the U.S. Securities Act of 1933 in the actual
valid version or without previous registration only pursuant to an
exemption.
The shares of Ultrasonic AG (the 'Shares') have not been registered under
the U.S. Securities Act of 1933 in the actual valid version and may not be
sold or offered in the United States
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,
which are referred to, are only available to relevant persons 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.
MSL Financial
Steffi Fahjen
E-Mail: steffi.fahjen@mslgroup.com
Tel.: +49 (0)69 66 12 456 8394
Bernd Rauch
E-Mail: bernd.rauch@mslgroup.com
Tel.: +49 (0)69 66 12 456 8376
08.12.2011 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: Ultrasonic AG
c/o Luther Rechtsanwaltsgesellschaft mbH; Mergenthalerallee 10-12
65760 Eschborn
Germany
Phone:
Fax:
E-mail: clifford.chan@suoli.cc
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Listed: Regulierter Markt in Frankfurt (Prime Standard)
End of Announcement DGAP News-Service
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DGAP-Adhoc: Ultrasonic AG: Issue price for Ultrasonic AG shares set at EUR 9.00
| Source: EQS Group AG