euro adhoc: Demag Cranes AG
Financing, Stock Offerings (IPO)
Initial Public
Offering of Demag Cranes AG at EUR 22.00 per share
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
22.06.2006
Offer volume of EUR 235.4 million (approx. EUR 270.7 million if the Greenshoe-Option is exercised in full) Free float after the IPO of approx. 50.5% (approx. 58.1% if the Greenshoe-Option is exercised in full)
Dusseldorf, June 22, 2006 - The shares offered in the context of the Initial Public Offering of Demag Cranes AG have been fully placed at an offer price of EUR 22.00 per share. The offer volume was EUR 235.4 million (approx. EUR 270.7 million if the Greenshoe-Option is exercised in full). In total, 10.7 million shares were placed in the offering (approx. 12.3 million shares if the Greenshoe-Option is exercised in full). After the IPO, the free float will account for approx. 50.5% (approx. 58.1% if the Greenshoe-Option is exercised in full). Trading in the shares is expected to commence on June 23, 2006.
Important Notice The information contained in this ad hoc-disclosure statement is not for publication or distribution to persons in the United States, Canada, Australia or Japan. Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold without registration thereunder or pursuant to an available exemption therefrom. Any public offering of securities of Demag Cranes AG to be made in the United States would have to be made by means of a prospectus that would be obtainable from Demag Cranes and would contain detailed information about the issuer of the securities and its management, as well as financial statements.
Neither this ad hoc-disclosure statement nor the information contained herein constitutes an offer to sell or the solicitation of an offer to buy any securities. The securities offered in connection with the initial public offering have already been placed.
This ad hoc-disclosure statement does not contain an offer of securities for sale in the United States; the securities may not be offered or sold in the United States absent registration or an exemption from registration.
No money, securities, or other consideration is being solicited, and, if sent in response to the information contained herein, will not be accepted.
end of announcement euro adhoc 22.06.2006 17:18:31
Further inquiry note:
For further information, please contact
Media enquiries:
Nikolai Juchem
Tel.: +49 (0)211-7102 1019
Email: nikolai.juchem@demagcranes-ag.com
Investors and analysts:
Torsten Fischer
Tel.: +49 (0)211-7102 847
Email: torsten.fischer@demagcranes-ag.com
Branche: Machine Manufacturing
ISIN: DE000DCAG010
WKN: DCAG01
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing