euro adhoc: Air Berlin PLC & Co Luftverkehrs KG
Financing, Stock Offerings
(IPO)
New price range for Air Berlin shares: between EUR 11.50 and EUR 14.50 -
revised number of shares offered - Offer period to end on 10 May
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
05.05.2006
London, 5 May 2006. Air Berlin PLC, the selling shareholders, COMMERZBANK Aktiengesellschaft and Morgan Stanley Bank AG have revised the price range within which orders can be placed for the initial public offering of shares in Air Berlin PLC to between EUR 11.50 and EUR 14.50, as well as the number of shares to be sold in the IPO.
In total, up to 42.5 million shares in Air Berlin will now be offered, of which up to 19.6 million shares will be new shares from a capital increase and up to 17.4 million shares will be offered by the selling shareholders. In addition up to 5.5 million shares from the holdings of the selling shareholders will be offered in connection with a greenshoe option. Based on a total of up to 59.7 million shares in Air Berlin, assuming a complete placement of the shares (including full exercise of greenshoe option) now offered, this will result in a future free float of approximately 71 percent.
On the basis of the new price range, the company will receive gross proceeds of between EUR 225 million and EUR 284 million, which will be used to generate further growth. The total volume of the offering will amount to between EUR 489 million and EUR 616 million if the greenshoe option is fully exercised.
On the above basis, the costs of the IPO amount to approximately EUR 40 million.
As already announced in the ad-hoc announcement of 4 May 2006, the offer period during which purchase orders for the shares may be submitted has been extended and is expected to end on 10 May 2006 - for private investors at 12:00 noon (CEST) and for institutional investors at 5:00 p.m. (CEST) on that date.
Due to the aforementioned extension of the offer period, the date for the commencement of trading (Prime Standard) in the Official Market (Prime Standard) of the Frankfurt Stock Exchange is now expected to take place on 11 May 2006, and the date for the delivery of shares against payment of the purchase price is expected to take place on 15 May 2006.
Disclaimer
THIS AD HOC RELEASE CONSTITUTES NEITHER AN OFFER TO SELL NOR A SOLICITATION TO BUY ANY SECURITIES OF AIR BERLIN PLC. THE OFFER IS BEING MADE SOLELY BY MEANS, AND ON THE BASIS OF THE PROSPECTUS, INCLUDING SUPPLEMENT No. 2. INVESTMENT DECISIONS RELATING TO THE SHARES OR OTHER SECURITIES OF AIR BERLIN PLC SHALL BE MADE SOLELEY ON THE BASIS OF THE PROSPECTUS WHICH IS HELD AVAILABLE FREE OF CHARGE AT AIR BERLIN PLC.
THIS AD HOC RELEASE AND THE INFORMATION CONTAINED THEREIN MAY NOT BE
TRANSMITTED OR DISTRIBUTED WITHIN THE UNITED STATES OF AMERICA (THE
"UNITED STATES") AND MUST NOT BE DISTRIBUTED OR FORWARDED TO U.S.
PERSONS (AS DEFINED IN REGULATION S OF THE U.S. SECURITIES ACT OF
1933, AS AMENDED ("SECURITIES ACT")) OR PUBLICATIONS WITH A GENERAL
CIRCULATION IN THE UNITED STATES. THIS PRESS RELEASE DOES NOT
CONSTITUTE AN OFFER OR INVITATION TO PURCHASE ANY SECURITIES IN THE
UNITED STATES. THE SECURITIES OF AIR BERLIN PLC HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT AND MAY NOT BE OFFERED, SOLD OR
DELIVERED WITHIN THE UNITED STATES OR TO U.S. PERSONS ABSENT
REGISTRATION UNDER, OR AN APPLICABLE EXEMPTION FROM, THE REGISTRATION
REQUIREMENTS OF THE UNITED STATES SECURITIES LAWS. AIR BERLIN DOES
NOT INTEND TO MAKE A PUBLIC OFFER OF SECURITIES IN THE UNITED STATES.THIS AD HOC RELEASE IS DIRECTED ONLY AT PERSONS (I) WHO ARE OUTSIDE
THE UNITED KINGDOM OR (II) WHO HAVE PROFESSIONAL EXPERIENCE IN
MATTERS RELATING TO INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE
FINANCIAL SERVICES AND MARKETS ACT 2000 (FINANCIAL PROMOTION) ORDER
2001 (AS AMENDED) (THE "ORDER") OR (III) WHO FALL WITHIN ARTICLE
49(2)(A) TO (D) ("HIGH NET WORTH COMPANIES, UNINCORPORATED
ASSOCIATIONS ETC.") OF THE ORDER (ALL SUCH PERSONS TOGETHER BEING
REFERRED TO AS "RELEVANT PERSONS"). ANY PERSON WHO IS NOT A RELEVANT
PERSON MUST NOT ACT OR RELY ON THIS COMMUNICATION OR ANY OF ITS
CONTENTS. ANY INVESTMENT OR INVESTMENT ACTIVITY TO WHICH THIS
COMMUNICATION RELATES IS AVAILABLE ONLY TO RELEVANT PERSONS AND WILL
BE ENGAGED IN ONLY WITH RELEVANT PERSONS.end of announcement euro adhoc 05.05.2006 16:07:36
Further inquiry note:
Ingolf T. Hegner
Head of Investor Relations
+49 (0)30 3434 1532
ihegner@airberlin.com
Branche: Air Transport
ISIN: GB00B128C026
WKN: AB1000
Index: CDAX
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing