DGAP-News: Haniel starts bookbuilding for the planned reduction of shareholding in TAKKT AG
(firmenpresse) - DGAP-News: Franz Haniel&Cie. GmbH / Key word(s): Strategic Company
Decision/Corporate Action
Haniel starts bookbuilding for the planned reduction of shareholding
in TAKKT AG
24.06.2013 / 07:40
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Press release
Haniel starts bookbuilding for the planned reduction of shareholding in
TAKKT AG
- Reduction of stake in TAKKT to as low as 50.01% through immediate
bookbuilding lasting several days
- Placement of up to 13.4 million shares - including an
overallotment/greenshoe option for up to 1.2 million shares
- End of bookbuilding and pricing expected for 27 June 2013
Duisburg, 24 June 2013. In accordance with the statement issued by Franz
Haniel&Cie. GmbH on 10 June 2013 that it would reduce its shareholding in
TAKKT AG from the current level of 70.44% to as low as 50.01%, up to 13.4
million shares are to be placed privately with primary focus on
institutional investors as part of the bookbuilding process. The
bookbuilding will commence immediately and last for several days. It will
include an overallotment/greenshoe option for up to 1.2 million shares.
Bookbuilding is expected to end on 27 June 2013. The placement price is
expected to be determined on 27 June 2013 on the basis of the bookbuilding
process.
The placement is managed by Morgan Stanley as sole global coordinator and
joint bookrunner, and Berenberg as joint bookrunner. Under the terms of a
lock-up agreement, Haniel has undertaken not to conduct any further sales
or transactions over the next six months that could result in a further
reduction in its shareholding in TAKKT AG.
TAKKT AG is the leading B2B direct marketing specialist for business
equipment
in Europe and North America. The company is listed on the SDAX and was
admitted to Deutsche Boerse's Prime Standard on 01 January 2003.
The Haniel Group
Haniel is an internationally operating, family-owned group of companies. In
2012, its around 56,000 employees generated sales of Euro 26.3 billion in
more than 30 countries. The Holding Company regards itself as a creator of
value. It shapes the portfolio, controls the Group's strategy, and defines
the guidelines for Group-wide human resources management. Responsibility
for the operating business rests with the five divisions, all of which
occupy market-leading positions. Haniel distinguishes between wholly-owned
investments (CWS-boco and ELG), majority investments (Celesio and TAKKT)
and minority investments (METRO GROUP). In outline, the divisions are
CWS-boco, which ranks among the leading international vendors of washroom
hygiene products, dust control mats and textile services; ELG, a global
market-leading company in the trading and processing of raw materials for
the stainless steel industry; TAKKT, which is the leading B2B specialist
mail order company for business equipment in Europe and North America;
Celesio, one of the leading international service providers in the pharma
and healthcare sectors; and METRO GROUP, one of the most international
retailing companies in the world.
For more information on the Haniel Group visit www.haniel.com.
Contact:
Dietmar Bochert
Director Corporate Communications
Tel.: +49 203 806-578
E-Mail: DBochert(at)haniel.de
In connection with the placement of the shares, Morgan Stanley will act as
stabilisation manager for the joint bookrunners andmay, to the extent
legally permissible and in consultation with Berenberg itself or through
associated companies, undertake measures aimed at supporting the quoted or
market price of the shares of TAKKT AG ('stabilisation measures'). There is
no obligation on the part of the stabilisation manager to undertake
stabilisation measures. Accordingly, it is uncertain as to whether any
stabilisation measures will be undertaken. To the extent that stabilisation
measures are undertaken, these measures may, in consultation with
Berenberg, be discontinued at any time without prior announcement.
Stabilisation measures may be undertaken from the date on which the
placement price is published and must be discontinued by no later than the
thirtieth calendar day after the allotment date; this is expected to be 28
July 2013 ('stabilisation period'). Stabilisation measures may result in a
higher quoted or market price for the shares of TAKKT AG than would have
been the case if these measures had not been undertaken. Above and beyond
this, the shares may temporarily have a quoted or market price that is not
sustainable. In no case will measures aim at stabilising the quoted or
market price of the shares of TAKKT AG at a level higher than the placement
price.
This document is not for publication or distribution, directly or
indirectly, in or into the United States. This document does not constitute
or form part of an offer of securities for sale or solicitation of an offer
to purchase securities in the United States, Canada, Australia, Japan or in
any other jurisdiction where such offer may be restricted. The securities
referred to in this press release 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
except on the basis of an applicable exemption from registration or in a
transaction not subject to the registration requirements of the Securities
Act. There will be no public offering of securities in the United States
or anywhere else.
This document does not constitute a public offer of securities in any
member state of the European Economic Area. The securities of TAKKT AG
will be offered and sold exclusively in a manner that allows for a
placement without a prospectus or similar offering document.
This communication is directed only at persons who (i) are 'qualified
investors' within the meaning of the Financial Services and Markets Act
2000 (as amended) and any relevant implementing measures, and (ii) are
outside the United Kingdom, and/or (iii) have professional experience in
matters relating to investments who fall within the definition of
'investment professionals' contained in article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended)
(the 'Order'), or are persons falling within article 49(2)(a) to (d) (high
net worth companies, unincorporated associations, etc.) of the Order, or
fall within another exemption to the Order (all such persons referred to in
(i) to (iii) above together being referred to as 'Relevant Persons'). 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.
NOT FOR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN
End of Corporate News
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24.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Franz Haniel&Cie. GmbH
Franz-Haniel-Platz 1
47119 Duisburg
Germany
Phone: +49 (0)203 806 578
Fax: +49 (0)203 806 80 578
E-mail: dbochert(at)haniel.de
Internet: www.haniel.de
ISIN: XS0482703286, XS0459131636
WKN: 601960, A1A6NE
Listed: Regulierter Markt in Hannover; Freiverkehr in Berlin,
Düsseldorf, Hamburg, Stuttgart; Frankfurt in Open Market
End of News DGAP News-Service
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