Corporate | 13 July 2007 10:19
Homag Group 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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Schopfloch, 13. July 2007 – Homag Group AG (ISIN DE0005297204) has today
made its successful debut in the Official Market (Prime Standard) of the
Frankfurt Stock Exchange. The first price was EUR 32, which was above the
issue price. 'We received a positive response during the roadshow,
especially from institutional investors, and are pleased to see that there
is great interest in the HOMAG share,' said Dr. Joachim Brenk, CEO of Homag
Group AG. The issue was lead managed by Dresdner Kleinwort and JPMorgan,
which also acted as joint bookrunners, and was several times
oversubscribed. The issue price was set at EUR 31.00.
A total of 6,897,215 shares of Homag Group AG were placed with investors.
This is equivalent to an issue volume of roughly EUR 214 million. 1,126,655
shares were issued by way of a capital increase, 4,870,923 shares were
offered by the existing shareholders and 899,637 shares were offered under
a greenshoe option granted by the selling shareholders. The company will
receive gross proceeds of around EUR 35 million. 'We will use the proceeds
from the IPO to expand our product range and to continue to grow along the
value chain,' Dr. Brenk explained. The strategic focus will be on the
acquisition and integration of specialised and efficient manufacturing
operations, the building and expansion of regional production capacities in
the USD area and further development and expansion of the global sales and
service network.
If the greenshoe option is fully exercised, the free float will amount to
approx. 44%. Based on the issue price, Homag Group AG will have a total
market capitalisation of roughly EUR 486 million.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to
buy any securities whatsoever.
This is not an offer of securities for sale in the United States. Any
securities referred to herein have not been and will not be 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 absent registration or
pursuant to an available exemption from registration under the Securities
Act. Neither Homag Group AG nor any of its shareholders intend to register
any securities referred to herein in the United States.
Contact:
HOMAG Group AG
Investor Relations
Simone Müller
Tel.: +49 7443 13-2034
simone.mueller@homag-group.com
www.homag-group.de
DGAP 13.07.2007
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Language: English
Issuer: Homag Group AG
Homagstr. 3-5
72296 Schopfloch Deutschland
Phone: +49 (0)7443 / 13 - 0
Fax: +49 (0)7443 / 13 - 2300
E-mail: info@homag-group.de
Internet: www.homag-group.de
ISIN: DE0005297204
WKN: 529720
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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