Kinnevik: Results of the accelerated bookbuild of shares in Rocket Internet SE
(Thomson Reuters ONE) -
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO
THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA OR ANY OTHER JURISDICTION IN WHICH
THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL OR TO U.S. PERSONS
(AS DEFINED BELOW). THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR FORM AN OFFER OF
SECURITIES IN THE UNITED STATES OR ANY OTHER JURISDICTION.
Further to the announcement on 7 June 2017, Kinnevik AB (publ) today announced
that Kinnevik Internet Lux S.à r.l. ("Kinnevik") has completed the placement of
approximately 10.9 million shares (the "Placing Shares") in Rocket Internet SE
(the "Company") to institutional investors by way of an accelerated bookbuilding
process (the "Transaction"). The placement price is EUR 20 per share. The
Placing Shares represent 6.6 percent of the Company's issued share capital and
constitute Kinnevik's entire remaining shareholding in the Company.
Joh. Berenberg, Gossler & Co. KG ("Berenberg") acted as Sole Bookrunner in the
Transaction. Kinnevik's gross proceeds from the Transaction will amount to
EUR 217m. The Company will not receive any proceeds from the Transaction. The
trade date for the Transaction is 8 June 2017 and settlement is expected to
occur on 12 June 2017.
Kinnevik first invested in Rocket Internet in 2009 and invested in total EUR
155m into the Company during 2009-2013. During the five years prior to the
Company's 2014 IPO, Kinnevik received EUR 510m in cash and stock dividends, and
has now sold its entire shareholding for a gross aggregate EUR 426m. Kinnevik's
investments and subsequent dividends and divestments correspond to an IRR of
more than 90 percent, and six times Kinnevik's invested capital.
Kinnevik's acting CEO, Joakim Andersson, commented:
"Kinnevik's partnership with Rocket Internet has been instrumental in broadening
Kinnevik's investment focus and in building a large and successful vertical
within e-commerce, which now accounts for almost half of our portfolio.
Alongside Avito and Zalando, Rocket Internet has been one of Kinnevik's most
successful digital investments in recent years. We will continue to work closely
with Rocket Internet in and around the companies where we remain partners and
co-investors, including Global Fashion Group, Home24 and Westwing."
This information is information that Kinnevik AB (publ) is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out below, at
08.00 CET on 8 June 2017.
For further information, visit www.kinnevik.com or contact:
Torun Litzén, Director Investor Relations
Phone +46 (0)8 562 000 83
Mobile +46 (0)70 762 00 83
Kinnevik is an industry focused investment company with an entrepreneurial
spirit at its heart. Our purpose is to build the digital consumer businesses
that provide more and better choice. We do this by working in partnership with
talented founders and management teams to create, invest in and lead fast
growing businesses in developed and emerging markets. We believe in delivering
both shareholder and social value by building well governed companies that
contribute positively to society. Kinnevik was founded in 1936 by the Stenbeck,
Klingspor and von Horn families. Kinnevik's shares are listed on Nasdaq
Stockholm's list for large cap companies under the ticker codes KINV A and KINV
B.
IMPORTANT NOTICE
THIS ANNOUNCEMENT IS NOT AN OFFER TO SELL, OR SOLICITATION OF AN OFFER TO BUY,
ANY SECURITIES IN THE UNITED STATES. THE SECURITIES REFERRED TO HEREIN 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 OR TO, OR FOR THE ACCOUNT OR BENEFIT OF, U.S. PERSONS (AS DEFINED IN
REGULATION S UNDER THE SECURITIES ACT) ABSENT REGISTRATION EXCEPT PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT AND UNDER CIRCUMSTANCES
THAT WILL NOT REQUIRE THE COMPANY TO REGISTER UNDER THE U.S. INVESTMENT COMPANY
ACT OF 1940, AS AMENDED (THE "INVESTMENT COMPANY ACT"). THE COMPANY HAS NOT BEEN
AND WILL NOT BE REGISTERED UNDER THE INVESTMENT COMPANY ACT. THERE WILL NOT BE A
PUBLIC OFFERING OF THE PLACING SHARES IN THE UNITED STATES.
THIS ANNOUNCEMENT IS NOT AN OFFER OF SECURITIES OR INVESTMENTS FOR SALE OR A
SOLICITATION OF AN OFFER TO BUY SECURITIES OR INVESTMENTS IN ANY JURISDICTION
WHERE SUCH OFFER OR SOLICITATION WOULD BE UNLAWFUL. NO ACTION HAS BEEN TAKEN
THAT WOULD PERMIT AN OFFERING OF THE SECURITIES OR POSSESSION OR DISTRIBUTION OF
THIS ANNOUNCEMENT IN ANY JURISDICTION WHERE ACTION FOR THAT PURPOSE IS REQUIRED.
PERSONS INTO WHOSE POSSESSION THIS ANNOUNCEMENT COMES ARE REQUIRED TO INFORM
THEMSELVES ABOUT AND TO OBSERVE ANY SUCH RESTRICTIONS. ANY FAILURE TO COMPLY
WITH THESE RESTRICTIONS MAY CONSTITUTE A VIOLATION OF THE SECURITIES LAWS OF ANY
SUCH JURISDICTION.
THE PLACING SHARES ARE NOT BEING OFFERED TO THE PUBLIC IN ANY JURISDICTION AND
MAY NOT BE OFFERED TO THE PUBLIC IN ANY JURISDICTION IN CIRCUMSTANCES WHICH
WOULD REQUIRE THE PREPARATION OR REGISTRATION OF ANY PROSPECTUS OR OFFERING
DOCUMENT RELATING TO THE PLACING SHARES IN SUCH JURISDICTION. THIS ANNOUNCEMENT
IS NOT AN OFFER OF SECURITIES FOR SALE IN ANY JURISDICTION, INCLUDING THE UNITED
STATES, CANADA, SOUTH AFRICA, AUSTRALIA OR JAPAN. NEITHER THIS ANNOUNCEMENT NOR
ANYTHING CONTAINED HEREIN SHALL FORM THE BASIS OF, OR BE RELIED UPON IN
CONNECTION WITH, ANY OFFER OR PURCHASE WHATSOEVER IN ANY JURISDICTION AND SHALL
NOT CONSTITUTE OR FORM PART OF AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER
TO BUY ANY SECURITIES IN THE UNITED STATES OR IN ANY OTHER JURISDICTION.
IN MEMBER STATES OF THE EUROPEAN ECONOMIC AREA ("EEA") WHICH HAVE IMPLEMENTED
THE PROSPECTUS DIRECTIVE (EACH, A "RELEVANT MEMBER STATE"), THIS ANNOUNCEMENT
AND ANY OFFER IF MADE SUBSEQUENTLY IS DIRECTED EXCLUSIVELY AT PERSONS WHO ARE
"QUALIFIED INVESTORS" WITHIN THE MEANING OF THE PROSPECTUS DIRECTIVE ("QUALIFIED
INVESTORS"). FOR THESE PURPOSES, THE EXPRESSION "PROSPECTUS DIRECTIVE" MEANS
DIRECTIVE 2003/71/EC (AND AMENDMENTS THERETO, INCLUDING THE 2010 PD AMENDING
DIRECTIVE, TO THE EXTENT IMPLEMENTED IN A RELEVANT MEMBER STATE), AND INCLUDES
ANY RELEVANT IMPLEMENTING MEASURE IN THE RELEVANT MEMBER STATE AND THE
EXPRESSION "2010 PD AMENDING DIRECTIVE" MEANS DIRECTIVE 2010/73/EU.
IN THE UNITED KINGDOM THIS ANNOUNCEMENT IS DIRECTED EXCLUSIVELY AT QUALIFIED
INVESTORS (I) WHO HAVE PROFESSIONAL EXPERIENCE IN MATTERS RELATING TO
INVESTMENTS FALLING WITHIN ARTICLE 19(5) OF THE FINANCIAL SERVICES AND MARKETS
ACT 2000 (FINANCIAL PROMOTION) ORDER 2005, AS AMENDED (THE "ORDER") OR (II) WHO
FALL WITHIN ARTICLE 49(2)(A) TO (D) OF THE ORDER, AND (III) TO WHOM IT MAY
OTHERWISE LAWFULLY BE COMMUNICATED.
IN CONNECTION WITH THE TRANSACTION, BERENBERG (THE "MANAGER") AND ANY OF ITS
AFFILIATES MAY TAKE UP A PORTION OF THE PLACING SHARES AS A PRINCIPAL POSITION
AND IN THAT CAPACITY MAY RETAIN, PURCHASE OR SELL FOR THEIR OWN ACCOUNT SUCH
PLACING SHARES. IN ADDITION THE MANAGER OR ITS AFFILIATES MAY ENTER INTO
FINANCING ARRANGEMENTS AND SWAPS WITH INVESTORS IN CONNECTION WITH WHICH THE
MANAGER (OR ITS AFFILIATES) MAY FROM TIME TO TIME ACQUIRE, HOLD OR DISPOSE OF
PLACING SHARES. THEY DO NOT INTEND TO DISCLOSE THE EXTENT OF ANY SUCH INVESTMENT
OR TRANSACTIONS OTHERWISE THAN IN ACCORDANCE WITH ANY LEGAL OR REGULATORY
OBLIGATION TO DO SO.
THE MANAGER IS ACTING ON BEHALF OF THE SELLER AND NO ONE ELSE IN CONNECTION WITH
THE TRANSACTION AND WILL NOT BE RESPONSIBLE TO ANY OTHER PERSON FOR PROVIDING
THE PROTECTIONS AFFORDED TO CLIENTS OF THE MANAGER OR FOR PROVIDING ADVICE IN
RELATION TO THE TRANSACTION.
Press release:
http://hugin.info/1114/R/2111606/802951.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Kinnevik via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 08.06.2017 - 08:00 Uhr
Sprache: Deutsch
News-ID 546925
Anzahl Zeichen: 9285
contact information:
Town:
STOCKHOLM
Kategorie:
Business News
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