DGAP-News: IPO of KION GROUP AG: Price range set at EUR24.00 to EUR30.00 per share (with additional features)
(firmenpresse) - DGAP-News: KION GROUP AG / Key word(s): IPO
IPO of KION GROUP AG: Price range set at EUR24.00 to EUR30.00 per
share (with additional features)
14.06.2013 / 20:21
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Wiesbaden, 14 June 2013 - KION GROUP AG (KION) has determined the general
terms and conditions for its planned initial public offering (IPO) in
cooperation with its shareholders and the syndicate banks. The price range
has been set at EUR24.00 to EUR30.00 per share. The period in which
interested investors can submit their offers starts on 17 June 2013 and is
scheduled to end on 26 June 2013. Trading should commence on 28 June 2013.
Including the over-allotment shares, new investors will be offered a total
of 19.81 million shares. At the mid-point of the price range, this
represents an issue volume of around EUR535 million.
A total of 34.95 million new shares will be issued that will strengthen the
company's equity by EUR953 million at the mid-point of the price range:
17.23 million new shares will be issued which will be placed with the new
investors in the course of the IPO. This will generate EUR465 million of
gross proceeds at the mid-point of the price range.
Weichai Power Co., Ltd., KION's strategic anchor shareholder, will - before
the completion of the offering - indirectly acquire 13.68 million new
shares at a price of EUR29.21 per share, or, if lower, the final issue
price per share for the IPO. Through the new shares Weichai Power Co., Ltd.
will in future indirectly hold 30.0 per cent in KION GROUP AG. As a result,
KION will receive additional gross equity proceeds of EUR369 million at the
mid-point of the price range.
Superlift Holding S.à.r.l., Luxembourg, (Superlift), the current majority
shareholder of KION which is controlled by investment funds which are
advised or controlled by Kohlberg Kravis Roberts&Co. L.P. (KKR) and The
Goldman Sachs Group, Inc. (Goldman Sachs), will before the completion of
the offering acquire 4.04 million of new shares at a fixed price of
EUR29.21 per share by way of conversion of an existing loan into equity.
At the mid-point of the price range, KION would have an equity value of
EUR2,670 million after these three capital increases.
Disclaimer
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell or a
solicitation of an offer to buy any securities in the United States or in
any other jurisdiction.
Any securities referred to herein have not been and will not be 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 absent registration or
pursuant to an available exemption from registration under the Securities
Act. Neither KION GROUP AG nor its current shareholders intend to register
any securities referred to herein in the United States.
The securities referred to herein may not be offered or sold in Australia,
Canada, Hong Kong, South Africa or Japan or to, or for the account or
benefit of, any national, resident or citizen of Australia, Canada, Hong
Kong, South Africa or Japan, except as permitted under the applicable
securities laws of such jurisdictions pursuant to registration with or
authorisation by the relevant securities regulatory authorities or an
exemption therefrom.
Anypotential offer will be made exclusively through and on the basis of a
published prospectus.
No money, securities, or other consideration is being solicited, and, if
sent in response to the information contained herein, will not be accepted.
For further information please contact:
Michael Hauger
Head of Corporate Communications, KION Group
Tel.: +49 (0) 611.770-655
michael.hauger(at)kiongroup.com
Frank Brandmaier
Head of Corporate Media Relations, KION Group
Tel.: +49 (0) 611.770-752
frank.brandmaier(at)kiongroup.com
End of Corporate News
+++++
Additional features:
Document: http://n.equitystory.com/c/fncls.ssp?u=OMLWGFLDNR
Document title: Download Press Release [PDF 0.1 MB]
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14.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
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DGAP's Distribution Services include Regulatory Announcements,
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Language: English
Company: KION GROUP AG
Abraham-Lincoln-Str. 21
65189 Wiesbaden
Germany
Phone: +49 (0)611 770-0
Fax: +49 (0)611 770-690
E-mail: info(at)kiongroup.com
Internet: www.kiongroup.com
End of News DGAP News-Service
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216490 14.06.2013
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Datum: 14.06.2013 - 20:21 Uhr
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News-ID 269886
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