Ad-hoc | 24 September 2006 18:49
Südzucker AG:Adhoc-Release
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Südzucker AG announces price range
Mannheim, September 24, 2006
Südzucker Aktiengesellschaft Mannheim/Ochsenfurt (ISIN DE0007297004) and
CropEnergies AG, Mannheim (ISIN DE 000A0LAUP1), and Deutsche Bank
Aktiengesellschaft, as the Global Coordinator, have set the price range for
the initial public offering of CropEnergies AG in a decoupled bookbuilding
process at 8 euro to 10,75 euro per offered share. The offer period will
last four days, beginning on September 25, 2006 and ending on September 28,
2006. During this period purchase bids can be submitted at the branch
offices of the syndicate banks during regular business hours. On the final
day of the offer period the submission of purchase bids by retail investors
is possible until 12.00 (CEST) and for institutional investors until 14.00
(CEST).
Trading is expected to commence on September 29, 2006. Application has been
made to list the shares on the official market segment (Amtlicher Markt) of
the Frankfurt Stock Exchange and the sub-segment thereof with additional
post-admission obligations (Prime Standard).
The offering consists of up to 25 million ordinary bearer shares with no
par value. The offered shares are new shares from a capital increase
against cash contributions, which is expected to be resolved on September
27, 2006 at an extraordinary shareholders meeting, and entitle to full
profit participation as of May 3, 2006, the day of the foundation of the
company. In addition up to 3 million ordinary bearer shares from the
holdings of Südzucker Aktiengesellschaft Mannheim/Ochsenfurt may be
allocated in connection with an overallotment. CropEnergies AG will receive
the proceeds from the sale of the new shares from the capital increase less
commissions of the syndicate banks and the costs of the offering payable by
the company. Südzucker Aktiengesellschaft Mannheim/Ochsenfurt will receive
the proceeds from the sale of the shares from its holdings in the event of
an overallotment.
Disclaimer
This press release constitutes neither an offer to sell nor a solicitation
to buy any securities. The offer is being made solely by means, and on the
basis of the prospectus, published in the internet under
www.cropenergies.com and held available free of charge at CropEnergies AG,
Gottlieb-Daimler-Straße 12, 68165 Mannheim and at the syndicate banks
Deutsche Bank Aktiengesellschaft (Fax +49 69 91 03 67 31), Citigroup Global
Markets Limited (Fax +44 20 79 86 11 03), DZ Bank AG Deutsche
Zentral-Genossenschaftsbank (Fax +49 69 74 47 74 71), Landesbank
Baden-Württemberg (Fax +49 711 12 72 51 98), Raiffeisen Centrobank AG,
Austria (Fax +43 1 51520 51 66) and Sal. Oppenheim jr. & Cie.
Kommanditgesellschaft auf Aktien.
This press release is not being issued in the United States of America and
must not be distributed to U.S. persons (as defined in Regulation S of the
U.S. Securities Act of 1933, as amended (‘Securities Act’)) or publications
with a general circulation in the United States. This press release does
not constitute an offer or invitation to purchase any securities in the
United States. The securities of CropEnergies AG have not been registered
under the Securities Act and may not be offered, sold or delivered within
the United States or to U.S. persons absent from registration under or an
applicable exemption from the registration requirements of the United
States securities laws.
This document is directed only at persons (i) who are outside the United
Kingdom or (ii) 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 (iii) who fall within article 49 (2) (a) to (d) (‘high net worth
companies, unincorporated associations etc.’) of the Order (all such
persons together being referred to as ‘Relevant Persons’). Any person who
is not a Relevant Person must not act or rely on this communication or any
of its contents. Any investment or investment activity to which this
communication relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons.
Südzucker AG Mannheim/Ochsenfurt
Bernhard Juretzek
Investor Relations / Finance
Maximilianstraße 10
D – 68165 Mannheim
Tel.: +49 (0) 621 421-530
Fax: +49 (0) 621 421-463
(c)DGAP 24.09.2006
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Language: English
Issuer: Südzucker AG Mannheim/Ochsenfurt
Maximilianstr. 10
68165 Mannheim Deutschland
Phone: +49 (0)621 – 421-437
Fax: +49 (0)621 – 421-463
E-mail: investor.relations@suedzucker.de
WWW: www.suedzucker.de
ISIN: DE0007297004, DE0008461021 DE0001780807 DE000A0AABH1 XS0222524372
WKN: 729700, 846102, 178080, A0AABH, A0E6FU,
Indices: MDAX
Listed: Amtlicher Markt in Berlin-Bremen, Frankfurt (Prime Standard),
Düsseldorf, Hamburg, München, Stuttgart; Freiverkehr in
Hannover
End of News DGAP News-Service
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