Corporate | 7 October 2016 08:31
va-Q-tec AG: Exercise of Greenshoe Option and early termination of stabilisation period
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DGAP-News: va-Q-tec AG / Key word(s): Miscellaneous/IPO
Not for release, publication or distribution in the United States, Canada, Australia or Japan.
va-Q-tec AG: Exercise of Greenshoe Option and early termination of stabilisation period Würzburg, 7 October 2016. va-Q-tec AG (ISIN DE0006636681 / WKN 663668) has been informed by Berenberg as Sole Global Coordinator and stabilisation manager of the Initial Public Offering (“IPO”) that Berenberg fully exercised today the Greenshoe Option relating to up to 878,954 shares, which was granted to the syndicate banks in connection with the IPO. The stabilisation period was hence terminated early already on the fifth trading day. “With the first share price at 14 Euros, va-Q-tec made a fantastic debut on the stock market on 30 September 2016. The positive share price development since then has shown that our shares have been sustainably placed in the capital market. Also, this confirms the high confidence that our new investors place in the future development potential of our Company. With the early and full exercise of the Greenshoe Option and a free-float of more than 50%, our IPO-project was a total success”, said Dr Joachim Kuhn, CEO of va-Q-tec AG. Upon exercise of the Greenshoe Option, the free-float remains at 51.5% of all outstanding va-Q-tec AG shares. +++ENDS+++
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2016-10-07 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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| Language: | English | |
| Company: | va-Q-tec AG | |
| Karl-Ferdinand-Braun Str. 7 | ||
| 97080 Würzburg | ||
| Germany | ||
| Phone: | +49 (0)931 35 942 0 | |
| Fax: | +49 (0)931 35 942 10 | |
| E-mail: | info@va-Q-tec.com | |
| Internet: | www.va-Q-tec.com | |
| ISIN: | DE0006636681 | |
| WKN: | 663668 | |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Stuttgart, Tradegate Exchange | |
| End of News | DGAP News Service |