DGAP-News: Hess makes a successful start on the stock exchange
(firmenpresse) - DGAP-News: Hess AG / Key word(s): IPO
Hess makes a successful start on the stock exchange
25.10.2012 / 13:09
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- Lighting specialist listed in the Prime Standard on the Frankfurt Stock
Exchange from today
- Initial price set at EUR 15.60
Villingen-Schwenningen, October 25, 2012 - Hess AG, an internationally
established manufacturer of outdoor and architectural lighting, today made
a successful start to its listing in the Prime Standard of the Frankfurt
Stock Exchange. From today, the share can be traded under ISIN DE000A0N3EJ6
and WKN A0N3EJ. The initial price was set at EUR 15.60. A total of
2.645.000 shares were distributed at the placing price. The gross issue
proceeds from the capital increase totalling 2,300,000 new shares therefore
came in at EUR 35.65 million and is to be paid to Hess AG. In addition, an
over-allotment of 345,000 shares from the holdings of Hess
Grundstücksverwaltungs GmbH&Co. KG was made. In total, 5,216,667 no par
ordinary bearer shares were registered for trading. As a result, the market
capitalisation of Hess AG totalled EUR 81.38 million at the start of
trading. The transaction was supported by LBBW in the role of lead manager
and sole bookrunner, with Kempen&Co. N.V. and M.M. Warburg&CO KGaA
acting as the co-lead managers.
Christoph Hess, CEO of Hess AG, this morning rang in the start of trading
on the trading floor in Frankfurt together with CFO Peter Ziegler. 'Our
successful start on the stock exchange underlines how well-received our
business model has been by investors. We want to use the proceeds from the
capital increase to drive further rapid growth and create sustainable value
for our shareholders,' says Christoph Hess. 'Thanks to our market position,
we are excellently placed. The IPO puts us in the position to participate
in the global LED revolution and to make a decisive contribution to shaping
it ourselves.' Free float will be 50.7 % or 44.1 % if the Greenshoe option
is not exercised.
90.8 % of the shares placed were distributed to institutional investors,
with the remaining 9.2 % going to private investors. As part of the
preferential allotment, 4.2 % of the shares offered were distributed to
private customers from Sparkasse Schwarzwald-Baar and Ostsächsische
Sparkasse Dresden.
Company profile
Hess AG, headquartered at Villingen-Schwenningen, Baden-Württemberg,
Germany, is one of the internationally established manufacturers of
external and architectural lighting. One focus in this context is on
energy-efficient lights utilising modular LED technology. With the
acquisition of Frankfurt-based emdelight GmbH in March 2012, Hess is
excellently positioned in the international market for artistically
designed light solutions. Projects realised by emdelight include
illuminating the facade of the Commerzbank's head office in Frankfurt, and
recently the 8.5 km-long Barwa Commercial Avenue shopping centre in Qatar.
Hess generated EUR 68.1 million of revenue in the 2011 financial year, and
EBIT (operating profit) of EUR 5.6 million, equivalent to an 8.2 % EBIT
margin. The company further accelerated its year-on-year growth rate in the
first half of 2012, achieving approximately 39 % revenue growth. The
company's products are distributed and sold in more than 50 countries
worldwide - with a growing presence on the important lighting markets of
Europe,Asia, the Middle East and North America. The company manufactures
at three locations in Germany and the USA; Hess also has final assembly
capacities, including in Japan and China. During the first half of 2012,
the company employed an average of 360 staff.
On the Internet at www.hess.eu.
Disclaimer
This publication represents neither an offer to purchase nor the request
for an offer for the purchase of securities. Hess AG securities are not,
and will not be, offered publicly outside Germany. The public offer in
Germany occurs exclusively through and on the basis of the securities
prospectus dated 5 October 2012 and the Amendment No. 1 to the securities
prospectus dated 17 October 2012. The shares offered as part of the IPO
have already been placed.
This publication represents neither an offer to purchase nor the request
for an offer for the purchase of securities in the United States of
America. Hess AG shares may not be offered or sold in the United States of
America, or to 'US Persons' (as defined in Regulation S of the US
Securities Act of 1933 in the respective valid version (the 'Securities
Act')), or for the account of 'US Persons', unless they are registered or
exempt from the requirement to register pursuant to the Securities Act. The
shares were not, and are not, registered pursuant to the Securities Act.
This publication is for distribution only to
(i) individuals who have professional experience in matters relating to
investments, or
(ii) individuals who fall under Article 49 (2) (a) to (d) ('high net worth
companies', unincorporated associations etc) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005, or
(iii) other individuals to whom they may be legally made accessible
(whereby such individuals are together designated as 'Relevant Persons').
This publication is addressed exclusively to Relevant Persons. Individuals
who are not Relevant Persons may not act on the basis of trust in this
publication. Any investment or investment activity relating to this
publication is open exclusively to Relevant Persons, and will be entered
into solely with Relevant Persons.
Kontakt
Hess AG Hess AG
Marco Walz
Investor Relations
Lantwattenstraße 22
78050 Villingen-Schwenningen
Tel.: +49 7721 920-475
Fax: +49 7221 920-771475
Mail: marco.walz(at)hess.eu
www.hess.eu
Hess AG
Sandra Haus
Corporate Communications
Lantwattenstraße 22
78050 Villingen-Schwenningen
Tel.: +49 7721 920-466
Fax: +49 7721 920-771466
Mail: sandra.haus(at)hess.eu
www.hess.eu
End of Corporate News
The picture belonging to this press release can be found here:
http://newsfeed2.equitystory.com/hesseu/190186.html
Caption: C Hess_re_P Ziegler_li_anlässlich Börsenstart 25 Okt 2012 vor
Börse (c) Hess AG
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25.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: Hess AG
Lantwattenstraße 22
78050 Villingen-Schwenningen
Germany
Phone: +49 7721 920 0
Fax: +49 7721 920 250
E-mail: hess(at)hess.eu
Internet: www.hess.eu
ISIN: DE000A0N3EJ6
WKN: A0N3EJ
Listed: Regulierter Markt in Frankfurt (Prime Standard);Freiverkehr in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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190186 25.10.2012
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Datum: 25.10.2012 - 13:09 Uhr
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News-ID 196188
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