DGAP-News: NORMA Group AG places shares at an issue price of EUR 21.00
(firmenpresse) - DGAP-News: NORMA Group AG / Key word(s): IPO
NORMA Group AG places shares at an issue price of EUR 21.00
07.04.2011 / 23:58
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NORMA Group AG places shares at an issue price of EUR 21.00
- Total issue volume upon full size of greenshoe option of EUR 386.4
million
- NORMA Group receives gross proceeds of EUR 147.0 million from newly
issued shares
Maintal, April 07, 2011. NORMA Group AG ('NORMA Group'), a global market
and technology leader in attractive niche markets for engineered joining
technologies, has, together with the shareholders and syndicate banks, set
the issue price for the shares of its initial public offering (IPO) at EUR
21.00 per share. A total of 18.4 million shares will be placed, consisting
of 7.0 million newly issued shares from a capital increase, 9.0 million
shares from the holdings of the selling shareholders and 2.4 million shares
from the holdings of the existing shareholders to cover overallotments
(greenshoe option). The corresponding total issue volume including full
overallotments amounts to EUR 386.4 million. Before deduction of IPO
expenses, NORMA Group will receive EUR 147.0 million from the capital
increase. The first day of trading of NORMA Group's shares under the stock
ticker symbol NOEJ on the Prime Standard of the regulated market of
Frankfurt Stock Exchange will be April 8, 2011.
'We are delighted with the high demand for our shares, which is further
evidence that our new shareholders believe in the same prospects as we do.
The IPO marks another important milestone for our company and is an
acknowledgement for NORMA Group's long-term success,' says Werner Deggim,
CEO of NORMA Group. 'The access to the capital market will foster the
company's future development.'
The offer was oversubscribed multiple times at the issue price.
Approximately 97.5 percent of the shares were allocated to institutional
investors while around 2.5 percent of the shares were placed with retail
investors in Germany and Luxembourg.
'NORMA Group will use the net proceeds from the capital increase to
partially repay its liabilities and strengthen its financial flexibility to
support further organic and acquisitive growth. We will reduce our debt
level which will be beneficial for our company and our shareholders,' says
Dr. Othmar Belker, CFO of NORMA Group.
Upon full exercise of the greenshoe option NORMA Group's selling
shareholders have sold 11.4 million shares within the IPO leading to gross
proceeds of EUR 239.4 million. Following the IPO, they will hold a stake of
42.3 percent in NORMA Group. The free float will amount to approximately
57.7 percent.
NORMA Group, its main shareholders 3i and funds managed by 3i, FIMANE
Limited, and Dr. Christoph Schug as member of the supervisory board of the
company have committed themselves to comply with market protection
agreements and limitations on disposal (lock-up) for a period of 180 days
following the IPO and have entered into a corresponding agreement with the
syndicate banks. The lock-up period for the current members of the
management board comprises a period of 360 days. The International
Securities Identification Number (ISIN) of NORMA Group shares is
DE000A1H8BV3, and the German securities code number (WKN) is A1H8BV.
Press contact NORMA Group
Daphne Recker
Media Relations
Email: daphne.recker(at)normagroup.com
Tel.: +49 (0)69 - 92187 489
Investor Relations NORMA Group
Andreas Trösch
Director Investor Relations
Email: IR(at)normagroup.com
Tel: +49 (0)6181 - 403 650
Press contact 3i Group
Isabel Unsworth
3i Group Media Relations
Email: isabel.unsworth(at)3i.com
Tel: +44 (0)207 - 975 3190
About NORMA Group
NORMA Group is a global market and technology leader in attractive niche
markets for engineered joining technology offering more than 35,000 high
quality products and solutions to approximately 10,000 customers in 80
countries. NORMA Group was formed in 2006 through the merger of the German
Rasmussen Group, a manufacturer of connecting and retaining elements and
fluid conveying conduits which was founded in 1949, and the Swedish ABA
Group, a European leader in engineered joining technologies. Since NORMA
Group's formation, UK-based international investor 3i Group and funds
managed by 3i have been the main shareholders with a 73 percent stake. In
2010, NORMA Group generated revenues of around EUR 490 million with
approximately 3,500 employees. The company manufactures and sells a wide
range of innovative engineered joining technology solutions in three
product categories (clamp, connect and fluid) using two distinct
ways-to-market: Engineered Joining Technology ('EJT') and Distribution
Services ('DS'). In EJT, NORMA Group provides original equipment
manufacturers with mission-critical solutions that are engineered to meet
their specific needs. In DS, NORMA Group leverages its worldwide
manufacturing and distribution network to provide high-quality standardized
products under its well known brands ABA(R), BREEZE(R), Gemi(R), NORMA(R),
R.G.RAY(R), Serflex(R), Serratub(R), TERRY(R) and Torca(R). Headquartered
in Maintal, Germany, NORMA Group operates a global network of 17
manufacturing and distribution facilities as well as ten sales and
distribution sites across Europe, the Americas and Asia Pacific.
Disclaimer
This announcement does not contain or constitute an offer of, or the
solicitation of an offer to buy or subscribe for, securities.
This release is not an offer of securities for sale in the United States of
America. Securities may not be offered or sold in the United States of
America absent registration or an exemption from registration under the
U.S. Securities Act of 1933, as amended (the 'Securities Act'). Any public
offering of securities to be made in the United States of America would be
made by means of a prospectus that could be obtained from NORMA Group AG
and that would contain detailed information about the company and
management, as well as financial statements. There will be no public offer
of the securities in the United States of America.
Subject to certain exceptions, the securities referred to herein may not be
offered or sold in Australia, Canada or Japan or to, or for the account or
benefit of, any national, resident or citizen of Australia, Canada or
Japan.
End of Corporate News
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07.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: NORMA Group AG
Edisonstr. 4
63477 Maintal
Deutschland
Phone: +49 (0)6181-403-0
Fax: +49 (0)6181-403-210
E-mail: ir(at)normagroup.com
Internet: www.normagroup.com
ISIN: DE000A1H8BV3
WKN: A1H8BVListed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of News DGAP News-Service
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119008 07.04.2011
Datum: 07.04.2011 - 23:58 Uhr
Sprache: Deutsch
News-ID 33732
Anzahl Zeichen: 0
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Kategorie:
Business News
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