Braas Monier Building Group S.A.: Issue price for Braas Monier shares set at 24.00 Euro per share
Braas Monier Building Group S.A. / Key word(s): IPO
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE
UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN
WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE
APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS
ISSUE PRICE FOR BRAAS MONIER SHARES SET AT 24.00 EURO PER SHARE
Luxembourg, 24 June 2014. Today, the Braas Monier Building Group S.A.
(Braas Monier), the Selling Shareholder, Monier Holdings S.C.A., together
with the syndicate banks, led by the Joint Global Coordinators BNP Paribas,
J.P. Morgan and UBS Investment Bank, together determined the issue price of
the Braas Monier shares at EUR 24.00 per share (ISIN LU1075065190, WKN
BMSA01). At the issue price of EUR 24.00 per share, Braas Monier has a
market capitalisation of approximately EUR 940 million.
The offer involves the placement of 4,166,667 new shares as well as
15,416,667 shares from the holdings of the Selling Shareholder. This
results in a placement volume of approximately EUR 470 million. Taking the
greenshoe option into account the total number of shares offered increases
to 22,520,835, the placement volume to EUR 541 million. The free float will
reach 57.5 percent if the greenshoe option is fully exercised. The Braas
Monier shares are to be traded in the regulated market (Prime Standard) of
the Frankfurt Stock Exchange for the first time on 25 June 2014.
Within a period of six months from the closing date, 27 June 2014, Braas
Monier made a commitment that it will not, without the prior consent of the
Joint Global Coordinators, implement a capital increase or any comparable
capital changes. For the same period, the Selling Shareholder, Monier
Holdings S.C.A. made a commitment not to sell their remaining shares
without the prior consent of the Joint Global Coordinators. The management
of Braas Monier has also made a commitment not to sell its shares within a
staggered period from six to 36 months, for the CEO and CFO, and from six
up to 24 months for other managers and independent directors (the
"Management Lock-Up") without the prior consent of the Joint Global
Coordinators. The Management Lock-Up for such shares expires in several
Braas Monier Building Group
Achim Schreck, Director Group Communications
+49 6171 61 28 59
+49 174 32 58 886
These materials may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Braas Monier (the "Company") in the
United States, Germany or any other jurisdiction. The Shares of the
Company 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 of the Company have not been,
and will not be, registered under the Securities Act. Any sale in the
United States of the securities mentioned in this communication will be
made solely to "qualified institutional buyers" as defined in, and in
reliance on, Rule 144A under the Securities Act.
This publication constitutes neither an offer to sell nor a solicitation to
buy any securities. The securities have already been sold.
In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2) (a) to (d) of the Order (high net
worth companies, unincorporated associations, etc.) (all such persons
together being referred to as "Relevant Persons"). This document is
directed only at Relevant Persons and must not be acted on or relied on by
persons who are not Relevant Persons. Any investment or investment
activity to which this document relates is available only to Relevant
Persons and will be engaged in only with Relevant Persons.
Stabilization / EU Regulation 2273/2003 / German law / FSA.
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