DGAP-Adhoc: Steilmann SE: Steilmann SE takes strategic decision to place minimum amount of shares on regulated market

Steilmann SE / Schlagwort(e): Börsengang

29.10.2015 12:57 

Veröffentlichung einer Ad-hoc-Mitteilung nach § 15 WpHG, übermittelt durch DGAP - ein Service der EQS Group AG. Für den Inhalt der Mitteilung ist der Emittent verantwortlich.

Steilmann SE takes strategic decision to place minimum amount of shares on regulated market

Bergkamen, 29 October 2015 - Steilmann SE has taken the strategic decision, jointly with the underwriting banks ODDO SEYDLER BANK AG and BANCA IMI, to reduce the offering size of its initial public offering (IPO) to the minimum amount required for the admission of its shares to the regulated market of the Frankfurt Stock Exchange. There will now be 2,250,000 newly issued ordinary bearer shares and 250,000 shares as part of the over-allotment option. The offer price remains EUR 3.50 per share and based on full placement of all of the offered shares, total gross proceeds from the IPO will amount to approximately EUR 8.8 million. The offer period will end on 2 November 2015. Steilmann SE will start trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange on 5 November 2015 under the German Securities Code (WKN) A14KR5 and International Securities Identification Number (ISIN) DE000A14KR50.

The aim of this decision is to create a sufficient free float of the company's shares to fulfil the requirements for admission to the regulated market of the Frankfurt Stock Exchange. Upon admission, Steilmann SE will look to gain access to new strategic options and further financing opportunities in the future.

The company has submitted the corresponding supplement to the IPO prospectus, which was approved on 12 October 2015, to the German Federal Financial Supervisory Authority (BaFin) for approval. This is expected today. Steilmann SE has also notified the Luxembourg Financial Sector Supervisory Commission (CSSF). Upon approval from BaFin, the supplement will be 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 press release 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 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.

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Sprache: Deutsch Unternehmen: Steilmann SE Baumstraße 22-24 44623 Herne Deutschland Telefon: +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 Börsen: Regulierter Markt in Frankfurt (Prime Standard)

Notierung vorgesehen / Intended to be listed (Frankfurt, Prime Standard)

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