DGAP-News: United Power Technology AG started trading in the Prime Standard of Frankfurt Stock Exchange
(firmenpresse) - DGAP-News: United Power Technology AG / Key word(s): IPO
United Power Technology AG started trading in the Prime Standard of
Frankfurt Stock Exchange
10.06.2011 / 10:47
---------------------------------------------------------------------
- First price at 9.10 EUR
- Gross proceeds of about EUR 20,7 million
- IPO proceeds will finance further capacity expansion and R&D activities
Eschborn, Germany, June 10, 2011 - United Power Technology Group, one of
the leading manufacturers of engine-driven power equipment in China,
started trading in the Prime Standard of Frankfurt Stock Exchange today.
The share price was 9.10 EUR when trading began today, slightly above the
offer price. The company will be receiving gross proceeds of about EUR 20,7
million from the placement.
In context of the IPO of United Power a total of 2,300,000 no par value
ordinary bearer shares (Inhaberstückaktien) from a securities loan from the
Existing Shareholders, that is backed by a capital increase, were placed.
Approx. 91 per cent of the total number of 2,300,000 placed shares were
allotted to institutional investors in Asia (18 per cent) as well as in
following European countries: Belgium, Germany, France, UK, Italy, Poland
and Switzerland (total Europe 73 per cent). Retail investors in Germany
were allotted 9 per cent of the total number of 2,300,000 shares placed.
The allotment within the scope of the offering to retail investors was
carried out in line with the Principles for Allotment of Share Issues to
Private Investors issued on 7 June 2000 by the Stock Exchange Commission of
the German Federal Ministry of Finance. The allotment was in accordance
with uniform criteria (standardized allotment) for all retail investors in
Germany.
Global Co-ordinator, Lead Manager and Bookrunner of the transaction will be
Kepler Capital Markets S.A. Co-Lead Managers are Silvia Quandt&Cie. AG,
contractually tied agent of biw Bank für Investments und Wertpapiere AG,
assisted by its tied agent (sec. 2 para. 10 KWG) Silvia Quandt&Cie. AG
and Erste Group Bank AG. DMG&Partners Securities Pte Ltd. will act as
Selling Agent.
United Power Technology AG shares are traded with the ISIN DE000A1EMAK2,
the Securities Identification No. (WKN) A1EMAK and the ticker symbol UP7.
After delivery of the shares and before registration of the capital
increase the free float will amount to approximately 26 per cent, after the
registration of the capital increase to approximately 21 per cent.
IPO proceeds will finance further capacity expansion and R&D activities
United Power plans to use the net proceeds from the capital increase to
finance the further production capacity expansion. It plans to install new
production lines for both existing as well as new products and to upgrade
and improve the production lines for its existing products. Further, the
company plans to use the proceeds for financing R&D activities of new
technologies and products as well as the expansion of its sales network and
marketing activities.
About United Power Technology Group
United Power Technology Group designs, develops, manufactures and sells
engines as its core technology, and an extensive range of engine-driven
power equipment, including generators, outdoor power equipment, as well as
components. Its major products comprise residential as well as commercial
generators which are currently delivered to more than 45 countries in the
world. The operational companies of United Power Technology Group are
incorporated under the laws of the People's Republic of China and located
in Fuzhou and Shanghai, China.
For further requests please contact:
Kirchhoff Consult AG
Dr. Kay Baden
T: +49 40 60 91 86 0
F: +49 40 60 91 86 60
E-Mail: baden(at)kirchhoff.de
or visit www.unitedpower.de.com
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of United Power Technology 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 United
Power Technology 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.
This document has been delivered to you on the basis that you are a person
into whose possession this document may be lawfully delivered in accordance
with the laws of the jurisdiction in which you are located and you may not
deliver this document to any other person and you agree not to copy or
retransmit this document or its contents. In particular, this document may
not be forwarded or retransmitted to any person located in the United
States, Canada, the People's Republic of China or Japan.
The information in this document is subject to change and does not purport
to be a complete description of new shares or the offer. The syndicate
banks accept no liability whatsoever for any direct or consequential loss
arising from the use of this document. To the maximum extent permitted by
law, the syndicate banks and their respective directors, officers and
employees shall have no liability whatsoever for any loss or liability of
any kind arising in respect of the information contained, or not being
contained, in this document. The syndicate banks and their respective
directors, officers and employees may, from time to time, have long or
short positions in, buy or sell (on a principal basis or otherwise), and
may act as market makers in, the securities or derivatives, or serve as a
director of any companies mentioned herein. In addition, the syndicate
banks may be serving or have served as a corporate adviser and/or manager
of a public offering of securities by any such company. The syndicate banks
will receive fees for acting in that capacity.
End of Corporate News
---------------------------------------------------------------------
10.06.2011 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: United Power Technology AG
Mergenthalerallee 10-12
65760 Eschborn
Deutschland
Phone: +49 6196 400804
Fax: +49 6196 400910
E-mail: it(at)unitedpower.de.com
Internet: www.unitedpower.de.com
ISIN: DE000A1EMAK2
WKN: A1EMAK
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------
128190 10.06.2011
Datum: 10.06.2011 - 10:47 Uhr
Sprache: Deutsch
News-ID 34366
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 217 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: United Power Technology AG started trading in the Prime Standard of Frankfurt Stock Exchange"
steht unter der journalistisch-redaktionellen Verantwortung von
United Power Technology AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
