EANS-Adhoc: Firstextile AG: Extention of the Offer Period of Firstextile AG
until November 7, 2012
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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05.11.2012
Frankfurt am Main, November 5, 2012 - Firstextile AG, Frankfurt am Main,
announces that the end of the offer period as set out in the prospectus dated
October 26, 2012 is extended from November 5, 2012 to November 7, 2012. On the
last day of the offer period, retail investors may submit offers to purchase
shares until 12.00 noon (CET) and institutional investors until 6.00 p.m. (CET).
Thus, the first day of trading on the regulated market (Prime Standard) on
Frankfurt Stock Exchange determined for November 7, 2012 is expected to be
November 9, 2012.
ISIN: DE000A1PG8V8
WKN: A1PG8V
Listed: Regulated market (Prime Standard) on Frankfurt Stock Exchange
Firstextile AG, Lyoner Straße 14, 60528 Frankfurt am Main
Contact:
Firstextile AG
Maggie Wang
Lyoner Straße 14, 60528 Frankfurt am Main
Phone: +86 (0) 1390 100 9306
E-Mail: maggie.wang@firstextile.com
Macquarie Capital - Sole Global Coordinator and Sole Bookrunner
Antony Isaacs / Klaus Schinkel
Phone: +44 (20) 3037 4229 / +49 (0) 69 5095 78461
E-Mail: Antony.Isaacs@macquarie.com / Klaus.Schinkel@macquarie.com
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to buy
securities of Firstextile AG. The offer is being made solely by means of, and on
the basis of, the published securities prospectus (including any amendments
thereto, if any). An investment decision regarding the publicly offered
securities of Firstextile AG should only be made on the basis of the securities
prospectus. The securities prospectus is available free of charge from the
Company fax number +49 6966 554268, on the Company's website www.firstextile.de
or can be collected at Macquarie's office, Untermainanlage 1, Frankfurt /
Germany.
This document is not an offer of securities for sale or a solicitation of an
offer to purchase securities in the United States. The shares of Firstextile AG
(the 'Shares') have not been registered under the U.S. Securities Act of 1933,
as amended (the 'Securities Act') and may not be offered or sold in the United
States unless registered under the Securities Act or pursuant to an exemption
from such registration. There will be no public offering of the Shares in the
United States and the Shares will not be registered under the Securities Act.
This document is only being distributed to and is only directed at (i) persons
who are outside the United Kingdom or (ii) to investment professionals falling
within Article 19 (5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling within Article 49 (2)
(a) to (d) of the Order (all such persons together being referred to as
'relevant persons'). The Shares are only available to, and any invitation, offer
or agreement to subscribe, purchase or otherwise acquire such securities will be
engaged in only with, relevant persons. Any person who is not a relevant person
should not act or rely on this document or any of its contents.
<End of ad hoc announcement>
Company's profile
Firstextile is the leading manufacturer of high-end yarn-dyed fabric in the
Chinese market with a market share of 9% in terms of volume in 2011. It also
markets fabric and shirts specifically designed for uniforms used by Chinese
government institutions and enterprises as well as its own branded men's shirts
for the Chinese premium market segment. The company operates modern production
facilities in Jiangyin near Shanghai, China, which is one of the main centres of
Chinese textile industry and particularly focuses on the high quality of its
products. The company's revenues have more than doubled from 2009 to 2011,
rising from EUR 64.3 million in 2009 to EUR 131.7 million in 2011, corresponding
to a compound annual growth rate (CAGR) of 43% over this period. CEO Fred Yang,
with more than 15 years experience in the textile industry together with his 735
employees (as of June 30, 2012) raised revenues from EUR 58.7 million in the
first six months of 2011 by 35% to EUR 79.5 million in the first six months of
2012. Between 2009 and 2011 net profits increased by a CAGR of 63% from EUR 9.1
million up to EUR 23.9 million. In the first half-year 2012 net profits grew up
to EUR 15.7 million compared to EUR 10.3 million in the same period of the
previous year. Net proceeds from the IPO will be used to double the annual
production capacity from currently 36 million meters to 72 million meters within
the next 12 to 18 months as well as to finance the working capital and the
expansion of the distribution network.
Further inquiry note:
Firstextile AG
Maggie Wang
Lyoner Straße 14, 60528 Frankfurt am Main
Phone: +86 (0) 1390 100 9306
E-Mail: maggie.wang@firstextile.com
Macquarie Capital - Sole Global Coordinator and Sole Bookrunner
Antony Isaacs / Klaus Schinkel
Phone: +44 (20) 3037 4229 / +49 (0) 69 5095 78461
E-Mail: Antony.Isaacs@macquarie.com / Klaus.Schinkel@macquarie.com
cometis AG
Henryk Deter / Claudius Krause
Phone: +49 (0) 611 205855 -13 / -28
Email: deter@cometis.de / krause@cometis.de
end of announcement euro adhoc
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issuer: Firstextile AG
Lyoner Str. 14
D-60528 Frankfurt am Main
WWW: www.firstextile.de
sector: Consumer Goods
ISIN: DE000A1PG8V8
indexes:
stockmarkets: designated to listed: regulated dealing/prime standard: Frankfurt
language: English