DGAP-News: Ultrasonic AG: starts Bookbuilding next week
(firmenpresse) - DGAP-News: Ultrasonic AG / Key word(s): IPO
Ultrasonic AG: starts Bookbuilding next week
21.11.2011 / 09:00
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Ultrasonic AG starts Bookbuilding next week
- Prime Standard IPO on Frankfurt Stock Exchange soon to begin
- Bookbuilding expected to start 29 November 2011
- First day of trading scheduled for 9 December 2011
Frankfurt, 21 November 2011 - After the Cologne based Ultrasonic AG, the
German holding of an established Chinese manufacturer and provider of high
quality branded urban footwear, last week announced its prospective IPO for
this year, the company now provides specific dates.
The approval of the prospectus by the German BaFin and the Austrian
Financial Supervisory Authority (FMA) is expected for 28 November. On the
same day, the company will hold a press and analysts' conference to
announce the terms of the new issue and will start its investor road show.
The Bookbuilding period will start on 29 November and is set to 7 December
and the initial listing in the Prime Standard on the Frankfurt Stock
Exchange will take place on 9 December.
With its IPO in Frankfurt's Prime Standard segment, Ultrasonic AG complies
with the most stringent transparency requirements in Germany. With almost
1,400 employees, the group operates in three market segments, each of which
contributes about a third to the group's revenue.
Firstly, ULTRASONIC produces sandals and slippers for the upper price
segment that are supplied to Chinese and international shoe companies and
trading firms. Secondly, the company is a long-term supplier of shoe soles
for leading manufacturers of the booming Chinese sport shoe industry such
as Anta, Xtep and Unisuper. Thirdly and the focus of the company's future
growth is Ultrasonic's own 'Urban Footwear' collection. This collection is
marketed under the brand Ultrasonic and specifically designed to the needs
and taste of the growing urban middle class with high purchasing power.
According to market analysts, this market for high quality branded leather
shoes is expected to grow with an average of more than 37 percent until
2015. The own branded urban footwear collection is currently sold in more
than 70 strictly controlled and distributor-owned Ultrasonic mono-labelled
shops that realize selling prices in a range from 400 to 1,200 RMB per
pair, which is equivalent to approx. 50 to 140 Euro.
Within the last three years, Ultrasonic's business had an average annual
growth rate of more than 40 percent (CAGR). In FY2010, the company
generated a total revenue of more than 100 million Euro. Due to its
outstanding position in all market segments within the competitive Chinese
footwear industry, ULTRASONIC achieved a net profit of approximately 22
million Euro, with an average annual growth rate of about 60 percent within
the last three years.
The company plans to invest the proceeds of the issue into the expansion of
its production capacities and the extension of its distribution network.
BankM - Repräsentanz der biw Bank für Investments und Wertpapiere AG is
Sole Lead Manager in this IPO.
For further information about the company visit: www.ULTRASONIC-ag.de
Disclaimer:
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. Subject to approval by
the German Financial Service Supervisory Authority (Bundesanstalt für
Finanzdienstleistungsaufsicht), a prospectus will be published, which will
be available free of charge from Ultrasonic AG (www.ultrasonic-ag.de) and
the Global Coordinator. The shares will be offered exclusively on the basis
of the prospectus required to be approved by the German Financial Service
Supervisory Authority.
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
Ultrasonic 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.
For Enquiries:
MSL Financial
Steffi Fahjen
E-Mail: steffi.fahjen(at)mslgroup.com
Tel.: +49 (0)69 66 12 456 8394
Bernd Rauch
E-Mail: bernd.rauch(at)mslgroup.com
Tel.: +49 (0)69 66 12 456 8376
End of Corporate News
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21.11.2011 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
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Language: English
Company: Ultrasonic AG
c/o Luther Rechtsanwaltsgesellschaft mbH;
Mergenthalerallee 10-12
65760 Eschborn
Germany
E-mail: clifford.chan(at)suoli.cc
Internet: www.ultrasonic-ag.de
ISIN: DE000A1KREX3
WKN: A1KREX
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed
End of News DGAP News-Service
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