DGAP-News: Bastei Lübbe AG: Successful placement of shares - Trading in the Prime Standard starts on October 8th 2013
(firmenpresse) - DGAP-News: Bastei Lübbe AG / Key word(s): IPO
Bastei Lübbe AG: Successful placement of shares - Trading in the Prime
Standard starts on October 8th 2013
03.10.2013 / 08:56
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Cologne, 3 October 2013 - Bastei Lübbe AG, a leading German publishing and
media group with renowned authors such as Dan Brown and Ken Follett
completed its initial public offering (IPO) despite a challenging market
environment, placing shares at an offering price of EUR 7.50 per share.
4,000,000 no par value ordinary bearer shares (shares) with a proportionate
amount of the share capital of EUR 1.00 per share were placed. Of these, up
to 3,300,000 million shares from a capital increase in Bastei Lübbe AG,
which would raise the share capital of EUR10,000,000.00 to up to
EUR13,300,000.00. Gross proceeds amounted to EUR30 million.
In the course of a two-week roadshow conducted in numerous European cities,
there was a markedly high interest for the IPO by institutional investors.
The public offering to retail investors in Germany, Austria and Luxembourg,
who could subscribe for shares via the German Stock Exchange's subscription
functionality system, also met with high resonance. Furthermore, there was
impressive media coverage of the IPO over the past few weeks. Trading in
Bastei Lübbe AG shares in the Prime Standard, the quality segment of the
Regulated Market of the Frankfurt Stock Exchange characterized by the
highest transparency requirements is planned for 8 October 2013, one day
before the largest book fair in the world, the Frankfurt Book Fair, starts.
Bastei Lübbe AG plans to use the proceeds from the IPO in their business
with focus on intensifying the development of own content as well as the
content and rights acquisition of top-selling books and authors. New
shareholders will have the opportunity to strongly benefit from the
extensive experience Bastei Lübbe AG possesses in the publishing business
and in the company's profits.
In the past years, Bastei Lübbe AG has transformed itself from a
traditional publisher to a multi-dimensional media company. In the
classical and very stable book publishing business, Bastei Lübbe AG can
look back on more than 60 years of expertise in developing content and
material and successful ties to authors.
'We are delighted with our successful IPO. With the funds generated from
the capital increase, we can expand our pioneering role in the creation,
digitalization and internationalization of our own content as well as our
multi-dimensional selling and distribution approach within our media
company.', says Stefan Lübbe, publisher and largest shareholder of Bastei
Lübbe AG.
Close Brothers Seydler Bank AG, based in Frankfurt am Main, acted as Sole
Global Coordinator and Sole Bookrunner, and Conpair AG, based in Essen,
acted as Financial Advisor on the IPO transaction.
About Bastei Lübbe AG
Bastei Lübbe AG is a German publishing and media group long renowned for
bringing popular fiction as well as non-fiction to the mass market. Its
business activities include not only paperback and hardback books in print
form but also audiobooks, e-books, and other digital publications. Its
catalogue includes a wide range of fiction, non-fiction and entertainment
products intended for awide readership, including not only the various
highly successful paperback fiction series for which Bastei Lübbe has long
been famed but also puzzle books and magazines. The group's business
activities additionally include the licensing of book rights and the
creation, production and marketing of gift, decorative and merchandising
articles.
Bastei Lübbe also owns the following non-consolidated shareholdings in
companies: 90% of MoravskáBastei MOBA, s.r.o. (Brno, Czech Republic), 100%
of Bastei Media GmbH (Erfurt, Germany), 50% of PRÄSENTA PROMOTION
INTERNATIONAL GmbH (Solingen, Germany), and 100% of Bastei Lübbe
Verwaltungs GmbH (Cologne, Germany).
The company also has smaller shareholdings in various book and periodical
distribution companies, none of which exceeds 5% of the respective
company's registered capital.
The business activities of Bastei Lübbe are broadly divided into segments:
Books, Non-Books, and Popular Fiction and Puzzle Publications, which in
turn include various product areas. The group publishes under 13 different
labels, which span its full range of market segments and product areas.
For the fiscal year 2012/2013, 80% of the group's revenues were derived
from the Books segment, while 11% came from Non-Books and the remaining 9%
from Popular Fiction and Puzzle Publications.
At the end of its fiscal year 2012/2013, the number of staff employed by
Bastei Lübbe was 265, compared to 210 at the close of the prior fiscal
year. These figures do not include the 15 staff employed by its
non-consolidated subsidiary MoravskáBastei MOBA, s.r.o. (Brno, Czech
Republic), or at its other non-consolidated subsidiaries and affiliates
(Bastei Media GmbH and PRÄSENTA PROMOTION INTERNATIONAL GmbH). As of the
date of the offering prospectus, the number of staff was 305, a further
increase since the end of fiscal year 2012/2013.
Disclaimer
This publication and the information contained therein do not constitute an
offer to sell or a solicition of an offer to buy or subscribe for
securities of Bastei Lübbe AG. There will be no public offering of
securities of Bastei Lübbe AG outside Germany, Austria and Luxembourg. The
public offering in Germany, Austria and Luxembourg is being made
exclusively on the basis of the securities prospectus (including any
supplements thereto), which has been approved by the Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) and which has been notified to the
responsible authorities in Austria and Luxembourg. The prospectus
(including any supplements thereto) is available on the website of Bastei
Lübbe AG (www.lübbe.de) and at the company (Schanzenstraße 6 - 20, 51063
Köln) and is the sole commanding document for the offering. Any decision by
investors to invest in shares of Bastei Lübbe AG should be made exclusively
on the basis of the prospectus (including any supplements thereto).
This publication and the information contained therein are not for
distribution, directly or indirectly, in or into the United States of
America, Canada, Australia and Japan or in any other jurisdiction in which
such offer or solicitation would be restricted by law. Any violation of
these restrictions may constitute a violation of the securities laws of
such jurisdictions.
This publication does not constitute an offer for securities in the United
States. Securities, including the shares of Bastei Lübbe AG within the
offering, may not be sold or offered for sale within the United States or
to or for the account of U.S. persons (as defined in Regulation S under the
U.S. Securities Act of 1933 as amended (the 'Securities Act')) unless they
have been registered under the Securities Act or on the basis of an
exemption from the registration requirement. There is no intention to
register the offering or a part thereof in the United States or to make a
public offering of securities in the United States.
This document includes 'forward-looking statements'. Forward-looking
statements are all statements, which do not describe facts of the past, but
containing the words 'believe', 'estimate', 'expect', 'anticipate',
'assume', 'plan', 'intend', 'could', and words of similar meaning. These
forward-looking statements are subject to inherent risks and uncertainties
since they relate to future events and are based on current assumptions and
estimates of Bastei Lübbe AG, which might not occur at all or occur not as
assumed. They therefore do not constitute a guarantee for the occurrence of
future results or performances of Bastei Lübbe AG. The actual financial
position and the actual results of Bastei Lübbe AG, as well as the overall
economic development and the regulatory environment may differ materially
from the expectations, which are assumed explicitly or implicitly in the
forward-looking statements and do not comply to them. Therefore, investors
are warned to base their investment decisions with respect to Bastei Lübbe
AG on the forward-looking statements mentioned in this document. Bastei
Lübbe AG does not assume responsibility to update or amend forward-looking
information mentioned herein or to update or amend forward-looking
information in respect of future events or developments.
Bastei Lübbe AG
Barbara Fischer
Head of Public Relations
Tel. +49 221 82002850
Fax +49 221 82001850
E-Mail: barbara.fischer(at)luebbe.de
End of Corporate News
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03.10.2013 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: Bastei Lübbe AG
Schanzenstraße 6 - 20
51063 Köln
Germany
Phone: 02 21 / 82 00 - 0
Fax: 02 21 / 82 00 - 1900
E-mail: investorrelations(at)luebbe.de
Internet: www.luebbe.de
ISIN: DE000A1X3YY0, DE000A1K0169
WKN: A1X3YY, A1K016
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of News DGAP News-Service
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233237 03.10.2013
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Datum: 03.10.2013 - 08:56 Uhr
Sprache: Deutsch
News-ID 302452
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