Corporate | 28 June 2007 20:11
STEICO Aktiengesellschaft / IPO
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
AG.
The issuer / publisher is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Feldkirchen, June 28, 2007 – HSBC Trinkaus & Burkhardt, the Lead Manager of
STEICO AG's IPO, today fully exercised the overallotment option (greenshoe
option) it had been granted by STEICO AG. As a result of the strong demand
for shares of STEICO AG, 547,500 shares from the greenshoe option were
placed at the issuiee price of € 17.50. These shares were provided as part
of a capital increase now to be implemented. As a result, around € 9.6
million will accrue to STEICO AG, taking its gross proceeds from the issue
to a total of around € 73.5 million. The free float has increased to 32.8%
as a result of this successful transaction. The remaining 67.2% continue to
be held by the previous sole shareholder Schramek GmbH. The stabilization
period, in which no stabilization measures were implemented, ends with the
exercise of the greenshoe option.
Company profile:
The STEICO Group’s core competence is developing, producing and selling
ecological building products based on renewable raw materials. The company
already leads the European market with a 35% share of the market for
wood-fiber insulation materials. STEICO is increasingly becoming
established as a system provider for ecological building materials with the
launch of I-joists as construction elements for timber-frame construction.
The insulation materials and I-joists have been mutually optimized, which
provides sustainable support. The increased use of NFBs (natural fiber
boards) produced in-house as I-joist components opens up additional growth
potential for STEICO as an integrated system provider. The STEICO Group was
the first manufacturer to receive the FSC® Certificate (Forest Stewardship
Council) for all of its wood-fiber insulation materials. In addition, most
of the range of insulation products is natureplus® certified. As a result,
the company is setting environmental standards – spanning the sustainable
use of forests, production and its end products.
The company has operations throughout Europe and currently has a total of
around 850 employees. STEICO AG’s headquarters in Feldkirchen, by Munich,
are home to its operating activities, which are at the top of the
technological range, in addition to its research and development
department. The group has continued to reinforce its sales activities in
the United Kingdom by forming STEICO Ltd. in Dartford by London in October
2006. The subsidiary STEICO S.A. produces top-quality products using
high-performance equipment at the two Polish facilities in Czarnków and
Czarna Woda, allowing the STEICO Group to realize economies of scale and
cost advantages. In the past, the STEICO Group has recorded double-digit
growth rates and in fiscal year 2006 it recorded revenues of € 86.1 million
and EBIT of € 9.0 million.
For further information, please visit www.steico.com.
Disclaimer:
Neither this press release nor the information contained therein constitute
an offer for sale in Germany or in any other country, nor do they
constitute a demand to purchase securities of STEICO AG, in particular if
this type of offer or demand is prohibited or not authorized. Potential
investors are requested to obtain information on any such restrictions and
to uphold these. A decision to invest in shares of STEICO AG must be made
based exclusively on the Offering Memorandum, which is published at
www.steico.com. This press release and the information included therein may
not be disseminated outside of Germany, in particular not in the United
States of America, to US Persons within the meaning of Regulation S of the
United States Securities Act of 1933 in the respective valid version or to
publications generally distributed in the United States. Any violation of
this restriction can constitute infringement of the securities regulations
in specific countries, in particular in the United States. Shares of STEICO
AG are not publicly offered for sale outside of Germany.
STEICO AG
Andreas Schulze
Hans-Riedl-Straße 21
85622 Feldkirchen
Tel.: +49 (0)89 - 99 15 51-0
Fax: +49 (0)89 - 99 15 51-97
E-Mail: info@steico.com
Internet: www.steico.com
Investor Relations
cometis AG
Ulrich Wiehle
Tel.: +49 (0)611 - 20 58 55-11
Fax: +49 (0)611 - 20 58 55-66
E-Mail: wiehle@cometis.de
DGAP 28.06.2007
----------------------------------------------------------------------
Language: English
Issuer: STEICO Aktiengesellschaft
Hans-Riedl-Str. 21
85622 Feldkirchen Deutschland
Phone: +49 - (0)89 - 99 15 51 - 0
Fax: +49 - (0)89 - 99 15 51 - 99
E-mail: info@steico.com
Internet: http://www.steico.com
ISIN: DE000A0LR936
WKN: A0LR93
Indices:
Listed: Freiverkehr in Berlin-Bremen, Düsseldorf, München; Entry
Standard in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------------