DGAP-News: Powerland AG: Successful first quotation in Prime Standard at EUR 16.50
(firmenpresse) - DGAP-News: Powerland AG / Key word(s): IPO
Powerland AG: Successful first quotation in Prime Standard at EUR
16.50
11.04.2011 / 09:38
---------------------------------------------------------------------
Powerland makes successful stock market debut
- First share price EUR 16.50
- Issue volume amounts to about EUR 95 million, including about EUR 12.4
million from the over-allotment
Frankfurt/Main, 11 April 2011 - Powerland AG, a leading Chinese producer of
fashionable luggage and bags with a main focus on high-quality luxury
women's handbags made of genuine leather, started trading successfully
today at the Frankfurt stock exchange. The first share price was
EUR 16.50 resulting in a market capitalisation of Powerland in total of
more than EUR 247 million.
The issue volume amounts to about EUR 95 million, including about circa EUR
12.4 million from the over-allotment. The company will be receiving gross
proceeds of about EUR 75.0 million from the placement. The free float will
amount to approximately 42 per cent if the Greenshoe option is exercised in
full.
A total of 6,325,000 shares were placed in the Powerland AG IPO. 5,000,000
of the offered shares originate from a capital increase of Powerland AG.
500,000 of the offered shares originate from the holdings of Guo GmbH&Co.
KG (the 'Selling Shareholder') and 825,000 placed by way of an over
allotment also originate from the holdings of the Selling Shareholder. 98.6
per cent of the total number of 6,325,000 placed shares were allotted to
institutional investors in Germany (24 per cent), the UK (41 per cent),
Switzerland (16 per cent) as well as other European countries.
Macquarie Capital (Europe) Limited acted as Global Coordinator and Sole
Bookrunner. Further syndicate bank was Berenberg Bank as Joint-Lead Manager
and Comdirect bank AG, Cortal Consors S.A., ING DiBa AG, S Broker AG&Co.
KG and DAB bank AG were involved as selling agents.
Contact:
HFN Kommunikation GmbH
Daniela Münster
PR for Powerland
Phone +49 6196 77 641 20
E-Mail: dmuenster(at)hfn.de
Macquarie Capital (Europe) Limited
Carsten Klante
Phone +49 69 7474 9785
Jonny Franklin-Adams
Phone +44 20 3037 5231
About Powerland
Powerland (ISIN DE000PLD5558, WKN PLD555, Ticker Symbol 1PL) is a leading
Chinese producer of fashionable luggage and bags with a main focus on
high-quality luxury women's handbags made of genuine leather. Powerland
operates two business segments - a luxury segment under the Powerland brand
and a casual segment under the Sotto brand. Powerland's operating
subsidiaries are located in Fujian province and Guangdong province in
China. In 2010, Powerland realised group sales of EUR 112.6 million, an
operating profit (EBIT) of EUR 27.0 million and a net profit of EUR 22.6
million. At present, Powerland employs approximately 1,075 employees.
Additional information may be found under www.powerland.ag
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of Powerland AG. The shares have already been sold.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of
Powerland AG (the 'Shares') have not been 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 unless registered under the Securities
Act or pursuant to an exemption from such registration. There will be no
public offering of the Shares in the United States and the Shares will not
be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
End of Corporate News
---------------------------------------------------------------------
11.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
Language: English
Company: Powerland AG
Westhafentower
60327 Frankfurt am Main
Deutschland
Phone: +49 172 - 67 49 792
Fax: +49 6196 - 777 99 66
E-mail: info(at)powerland.ag
Internet: www.powerland.ag
ISIN: DE000PLD5558
WKN: PLD555
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
119251 11.04.2011
Datum: 11.04.2011 - 09:38 Uhr
Sprache: Deutsch
News-ID 33751
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 191 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: Powerland AG: Successful first quotation in Prime Standard at EUR 16.50"
steht unter der journalistisch-redaktionellen Verantwortung von
Powerland AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
