02.12.2015 – 08:54

EDAG Engineering Group AG

DGAP-News: EDAG Engineering Group AG to place shares at the issue price of EUR 19.00 per share: offering several times oversubscribed

DGAP-News: EDAG Engineering Group AG / Key word(s): IPO
EDAG Engineering Group AG to place shares at the issue price of EUR 19.00 per
share: offering several times oversubscribed

02.12.2015 / 08:50
The issuer is solely responsible for the content of this announcement.

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NOT FOR RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OF AMERICA,
AUSTRALIA, CANADA OR JAPAN.

EDAG Engineering Group AG to place shares at the issue price of EUR 19.00 per
share: offering several times oversubscribed

-Issuance volume of EUR 191.2 million (assuming full exercise of the greenshoe
option)

-Free float of 36.75%(assuming full exercise of the greenshoe option) - majority
shareholder ATON retains an interest in EDAG as long-term anchor shareholder

-Trading in the shares on the regulated market (Prime Standard) of the Frankfurt
Stock Exchange

Arbon, 2 December 2015.EDAG, an independent engineering services provider to the
global automotive industry, has successfully completed its initial public
offering (IPO). Together with the underwriters, EDAG set the issue price at EUR
19.00 per share. The offer was substantially oversubscribed at the issue price.
10,062,500 offered shares (including the overallotment shares) were placed in
the offering. As a result, the total issuance volume of the EDAG IPO (assuming
full exercise of the greenshoe option) amounts to EUR 191,187,500. ATON GmbH,
the previous sole owner of EDAG, will receive the gross proceeds of the
offering. ATON intends to keep a significant shareholding in EDAG in order to
continue shaping the strategic development of the company long-term and
supporting its growth.

"We are extremely pleased with the high demand for EDAG shares," says Thomas
Eichelmann, CEO of ATON GmbH and chairman of the board of directors of EDAG.
"The strong international interest from many investors confirms that the market
shares our belief in EDAG's growth potential. Our priority over the past years
has been to shift the focus of the company on the automotive sector and advanced
technologies. During that time, we have grown profitably and continued to expand
EDAG's international footprint. We can now press on with this growth strategy as
a listed company. EDAG is optimally positioned today to take a leading role in a
potential consolidation of the engineering services market."

Assuming a full exercise of the greenshoe option, around 36.75 percent of the
total 25 million shares will be in free float. The majority of shares have been
placed internationally with institutional investors. EDAG employees received
shares with a total value of about EUR 4.3 million via a dedicated employee
stock ownership scheme and shares with a total value of about EUR 16.6 million
have been placed with an affiliate of the selling shareholder, subject to a
lock-up commitment.

The selling shareholder, ATON GmbH, has committed to not sell additional EDAG
shares and to not carry out any capital increase or similar corporate measures
for a period of six months from the first day of trading without approval of the
joint global coordinators.

The shares of the company start trading today in the regulated market (Prime
Standard) of the Frankfurt Stock Exchange. The international securities
identification number (ISIN) is CH0303692047, and the German securities code
number (WKN) is A143NB.

Press enquiries

Nina Rosen

Tel: +(49) 0611- 7375 370
eMail:  nina.rosen@edag.de

About EDAG

EDAG is an independent engineering services provider for the global automotive
industry. The company serves leading domestic and international vehicle OEMs and
sophisticated automotive suppliers through a global network of 57 locations in
important automotive centres worldwide. EDAG offers complementary engineering
services in the Vehicle Engineering, Electrics/Electronics and Production
Solutions segments. Based on these extensive capabilities, EDAG can support its
clients along the entire value chain from the original design idea to product
development and prototype construction and all the way to the delivery of
turnkey production systems. As a technology and innovation leader, EDAG also
operates established competence centres that design landmark technologies for
future applications in the automotive industry, i.e. lightweight construction,
electric mobility, car IT and new production technology. In the financial year
2014, EDAG generated Core Revenue(1)  of EUR 634.7 million and an Adjusted Core
EBIT(2)  of EUR 53.2 million. As at 30 September 2015, 8,063 employees
(including apprentices) worked for EDAG in 19 countries.

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1 Core Revenuesrepresent EDAG's sales revenues with third parties (excluding
intersegment revenues) and changes in inventories for EDAG's three core segments
(Vehicle Engineering, Electrics/Electronics and Production Solutions), and
excludes EDAG's Others segment.
2 Adjusted Core EBITrepresents the sum of the adjusted earnings before interest
and taxes for EDAG's three core segments (Vehicle Engineering,
Electrics/Electronics and Production Solutions) and excludes the segment Others.
Adjusted Core EBIT is adjusted for effects from purchase price allocations on a
Group level. These purchase price allocation adjustments relate only to the
three core segments (Vehicle Engineering, Electrics/Electronics and Production
Solutions). No purchase price allocation adjustments relate to the Others
segment.

Disclaimer

This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities.

This document contains forward-looking statements. These statements are based on
the current views, expectations and assumptions of the management of EDAG and
involve known and unknown risks and uncertainties that could cause actual
results, performance or events to differ materially from those expressed or
implied in such statements. Actual results, performance or events may differ
materially from those described herein due to factors affecting EDAG such as,
among other things, changes in the general economic and competitive environment,
capital market risks, currency exchange rate fluctuations and competition from
other companies, and changes in international and national laws and regulations,
in particular with respect to tax laws and regulations. EDAG does not assume any
obligations to update any forward-looking statements.

This announcement is not a prospectus. Investors should not purchase or
subscribe for any shares referred to in this announcement except on the basis of
information in the prospectus issued by the company in connection with the
offering of such shares Copies of the prospectus are available free of charge
from EDAG Engineering Group AG, Schlossgasse 2, CH 9320 Arbon or on the
company's website via http://ir.edag.com.

This document is not a prospectus within the meaning of Article 652a of the
Swiss Code of Obligations, nor is it a listing prospectus as defined in the
listing rules of the SIX Swiss Exchange AG or a prospectus under any other
applicable laws.

This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of America
absent registration or an exemption from registration under the U.S. Securities
Act of 1933, as amended (the "Securities Act"). Any public offering of
securities to be made in the United States of America would be made by means of
a prospectus that could be obtained from EDAG and that would contain detailed
information about the company and management, as well as financial statements.
There will be no public offer of the securities in the United States of America.

Subject to certain exceptions under applicable securities laws, the securities
referred to herein may not be offered or sold in Australia, Canada or Japan or
to, or for the account or benefit of, any national, resident or citizen of
Australia, Canada or Japan.

 

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02.12.2015  Dissemination of a Corporate News, transmitted by DGAP - a service
of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language: English

Company:  EDAG Engineering Group AG

          Schlossstrasse 2

          9320  Arbon

          Switzerland

Phone:    +41 71 54433-0

E-mail:    ir@edag-group.ag

Internet: www.edag.com

ISIN:     CH0303692047

WKN:      A143NB

Listed:   Regulated Market in Frankfurt (Prime Standard)


End of News DGAP News Service
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