Corporate | 24 September 2007 15:39
Delignit AG / 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.
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Blomberg, 21 September 2007 – Delignit AG (ISIN DE000A0MZ4B0, the 'Company'
and together with its subsidiaries, the 'Delignit Group'), a leading
manufacturer of ecological products and system solutions based on the
natural timber material Delignit, has placed 750,000 shares from a capital
increase during its IPO. The issue price for the shares was specified as
€8.00 in consultation with the syndicate leader of the IPO, VEM Aktienbank
AG. The bookbuilding range extended from €8.00 to €10.00. This resulted in
a gross inflow of €6 million for Delignit AG, which will be used to finance
further sustainable growth of Delignit AG. In addition, VEM Aktienbank AG
exercised the majority allocation option for 60,000 shares which Delignit
AG granted it. This option is secured with a greenshoe option from the
former shareholder, MBB Industries AG. With the exception of a potential
exercising of the greenshoe option, MBB Industries AG did not relinquish
any shares during the IPO, contrary to the original plan. The IPO of the
Delignit AG shares in the open market with inclusion in the entry standard
of the Frankfurter Wertpapierbörse (Frankfurt Stock Exchange) is scheduled
for 26 September 2007.
Delignit AG plans to use the proceeds of the IPO to further expand its
existing production capacities and to make acquisitions. In HY1 2007, the
Delignit Group increased its operating output, pro forma, in comparison
with the same period of the previous year by 27.4% to €23.4 million. The
EBITDA margin rose to 16.6% before IPO costs. In 2006 as a whole, the pro
forma plant output of the Delignit Group came to €41.5 million with an
EBITDA margin of 15.5%. The Delignit Group has a total workforce in excess
of 1,000 at its locations in Germany and Romania.
The allocation of shares to private investors during the offering was
performed in compliance with the 'Principles for the allocation of share
issues to private investors', which was published by the stock exchange
expert commission in the German Federal Ministry of Finance on 7 June 2000.
Around 70% of the share allocation went to institutional investors and 30%
to private investors. The allocation quota for private investors came to
84% of the relevant subscriptions. The capital increase will increase the
equity capital of Delignit AG to €5,750,000.
As reported in the securities brochure, a capital increase of 457,000
shares was approved today, 21 September 2007, against a contribution of
18.3% of the shares in Blomberger Holzindustrie B. Hausmann GmbH & Co. KG.
About the Delignit Group
The Delignit Group develops, manufactures and sells ecological products and
system solutions based on the natural and renewable Delignit timber
material. The Delignit Group is a recognised development and project
partner as well as series supplier for such technological sectors as the
automotive and aviation industries and safety engineering. The products
feature special technical properties and are used as installation systems
in commercial vehicles, bullet-proof solutions or as an innovation in
Formula 1 vehicles. The Delignit material is based on wood. This material
is CO2-neutral throughout its lifecycle and is thus ecologically superior
to non-regenerative materials such as plastic and steel. The use of
Delignit material therefore improves the environmental track record of the
customers’ products and meets their ever stricter ecological requirements.
The Delignit Group’s operational business is divided into the following
business segments: Automotive, Technological Applications and Veneer. The
company was founded over 200 years ago. Today, it has a workforce in excess
of 1,000 in Germany and Romania. More information is available online at
www.delignit.de.
Disclaimer
This publication represents neither an offer to sell, nor a request to
purchase Delignit AG securities. Such an offer is only made by, and on the
basis of, the published securities brochure (including any supplements). A
decision to invest in the publicly offered securities in Delignit AG should
be made exclusively on the basis of the securities brochure. The securities
brochure is available on the company’s website (www.delignit.de).
This document does not represent an offer to purchase securities in the
USA. Securities may only be sold or offered for purchase in the USA if they
are first of all registered in accordance with the U.S. Securities Act of
1933 in its current valid form. This requirement may only be waived on the
basis of an exceptional regulation. The shares in Delignit AG have not
been, and will not be registered in accordance with the U.S. Securities Act
of 1933 in its current valid form, and are neither sold nor offered for
purchase in the USA.
This document is only sent to, and only intended for, (i) persons who are
not in the United Kingdom, or (ii) professional investors who fall under
Article 19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2001, or (iii) moneyed persons or other persons to whom it
may be legally sent who fall under Article 49(2). These persons are called
'qualified persons'.
All securities to which reference is made in this document are only
available to qualified persons and any request, offer or agreement to
procure, purchase, or otherwise acquire said securities is only granted to
qualified persons. Under no circumstances should non-qualified persons act
with regard to, or relying upon, this document or the information contained
therein.
The information contained in this document is not intended for transmission
to, or circulation within the USA.
Contact:
edicto GmbH
Dr. Sönke Knop
Zeißelstraße 19
60318 Frankfurt
Tel. 069-90550551
Fax 069-90550577
eMail: delignit@edicto.de
24.09.2007 Financial News transmitted by DGAP
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Language: English
Issuer: Delignit AG
Königswinkel 2-6
32825 Blomberg
Deutschland
Phone: +49 (0)5235 / 966-0
Fax: +49 (0)5235 / 966-105
E-mail: info@delignit.de
Internet: http://www.delignit.de
ISIN: DE000A0MZ4B0
WKN: A0MZ4B
Listed: Open Market (Entry Standard) in Frankfurt
Notierung vorgesehen / designated to be listed
End of News DGAP News-Service
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