euro adhoc: Klöckner & Co AG
Financing, Stock Offerings (IPO)
Klöckner & Co
Aktiengesellschaft
IPO
Offer period
Book-building price
range
Maximum number of offered shares
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
21.06.2006
Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities Trading Act), dated June 21, 2006
Klöckner & Co Aktiengesellschaft / IPO / Offer period / Book-building price range / Maximum number of offered shares
Klöckner & Co Aktiengesellschaft sets offer period, book-building price range and maximum number of offered shares
June 21, 2006 - Today, Klöckner & Co Aktiengesellschaft, the selling shareholder Multi Metal Investment S.à r.l. and the Joint Bookrunners UBS Investment Bank, Deutsche Bank und JPMorgan agreed on further details of the planned initial public offering of Klöckner & Co Aktiengesellschaft.
The book-building price range will be between 15.00 EUR and 18.00 EUR per offered share.
The offering consists of up to 6,500,000 ordinary registered shares with no par value from a capital increase for a cash contribution resolved by the extraordinary shareholders' meeting held on June 21, 2006, up to 10,000,000 ordinary registered shares with no par value from the holdings of the selling shareholder, and up to 2,000,000 ordinary registered shares with no par value from the holdings of the selling shareholder in connection with a potential over-allotment.
Interested investors may submit offers to purchase shares during the offer period, from June 22, 2006 until, tentatively, June 27, 2006. The offer period is expected to end on June 27, 2006 at 12.00 (noon) (CEST) for retail investors (natural persons) and at 2.00 p.m. (CEST) for institutional investors. The final offer price is expected to be determined on June 27, 2006 and trading is expected to commence on June 28, 2006. Book-entry delivery of the shares against payment of the offer price and customary commissions is expected to occur on June 30, 2006.
After determination of the number of offered shares and assuming the placement of all shares (and if the Greenshoe option is fully exercised), Klöckner & Co will have a free float of approximately 40 percent.
Further information regarding the terms and conditions of the offer may be found in the German-language prospectus as approved on June 12, 2006 and published on June 13, 2006, and additional details regarding the planned initial public offering, are provided in supplement No. 1 (Nachtrag), which will be published on the Klöckner & Co Aktiengesellschaft website (www.kloeckner.de) immediately following approval by the German Federal Financial Services Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). The details of the offering given above remain subject to the approval of supplement No. 1 to the German-language prospectus by the German Federal Financial Services Supervisory Authority.
This publication is not for direct or indirect distribution in or into the United States (including its territories and outlying areas, any State of the United States and the District of Columbia). This publication does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities. The shares of Klöckner & Co AG referred to herein (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares have not been, and will not be, registered under the Securities Act and will not be publicly offered anywhere outside Germany. The offer in Germany will be made exclusively by means of and on the basis of a prospectus that has been published and the supplement No. 1 to the prospectus, which will be published immediately following approval by the German Federal Financial Service Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht).That prospectus has been and the supplement No. 1 will be made available on the company website at www.kloeckner.de following its approval by the German Federal Financial Service Supervisory Authority. The supplement No. 1 to the prospectus is available free of charge from the company and the Joint Bookrunners following its approval by the German Federal Financial Service Supervisory Authority.
This ad hoc announcement does not constitute an offer of securities to the public in the United Kingdom. This ad hoc announcement is directed only at (i) persons who have professional experience in matters relating to investments and who fall within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) persons falling within Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order or to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons") or in circumstances in which section 21 of the FSMA does not apply to the Company. 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 21.06.2006 12:59:02
Further inquiry note:
Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de
Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing