Ad-hoc | 6 November 2005 23:48
Praktiker shares offered in a price range from EUR 16.00 to EUR 19.00
Ad hoc announcement transmitted by DGAP.
The issuer is solely responsible for the content of this announcement.
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Duesseldorf, 6 November 2005 – The offering period for shares of Praktiker
Bau- und Heimwerkermärkte Holding AG starts on November 7 and is expected to
end on November 17, 2005. The shares are offered in a price range from EUR
16.00 to EUR 19.00.
The offering comprises 34.5 m non-par bearer shares (of a total of 58 m shares
outstanding post IPO capital increase) and will consist of a public offering
to private and institutional investors in Germany and a private placement
outside Germany. The base transaction consists of up to 8.0 m shares from a
capital increase and up to 22.0 m shares from the selling shareholder, METRO
AG. Additionally, METRO AG has granted the syndicate banks an overallotment
option of up to 4.5 m shares. Assuming full exercise of the overallotment and
the greenshoe option, METRO AG will receive total gross proceeds in the range
of approximately EUR 424 to EUR 504 m.
The transaction does not include METRO Group real estate leased by Praktiker.
METRO AG intends to sell this real estate separately.
METRO AG
Schlüterstr. 1
40235 Düsseldorf
Deutschland
ISIN: DE 000 725 750 3 (DAX); DE 000 725 753 7 (DAX)
WKN: 725 750; 725 753
Listed: Amtlicher Markt in Frankfurt (Prime Standard) und Duesseldorf
End of ad hoc announcement (c)DGAP 06.11.2005
Issuer’s information/explanatory remarks concerning this ad hoc announcement:
Stocks of Germany’s second largest home improvement and DIY chain (according
to revenue) are intended for trading on the Prime Standard of the Frankfurt
Stock Exchange (Frankfurter Wertpapierbörse FWB) starting 18 November with the
index PRA and ISIN (International Securities Identification Number)
DE000A0F6MD5.
Currently, METRO AG is single shareholder of Praktiker and will remain the
largest shareholder of Praktiker Bau- und Heimwerkermärkte Holding AG after
stock issue. The selling shareholder METRO AG has committed itself to hold on
to its remaining shares for a total of six moths beginning on the first day of
listing (lock-up).
This publication constitutes neither an offer to sell nor a solicitation to
buy securities. Any offer will be made solely by means of, and on the basis of
the securities prospectus published and registered with the German Federal
Financial Supervisory Authority (BaFin). The securities prospectus is
available free of charge from the Admissions Office of the Frankfurt Stock
Exchange, from Praktiker Bau- und Heimwerkermärkte Holding AG and the
syndicate banks as well as download at www.praktiker.de.
Not for release in the United States, Canada and Japan. These materials do not
constitute an offer of securities for sale in the United States. In case of
an offer, the aforementioned securities may only be sold or offered for sale
in the United States of America with prior registration in accordance with
U.S. Securities Act of 1933 as amended (the “Securities Act”) except pursuant
to an exemption from the registration requirements of the Securities Act.
Neither Praktiker Bau- und Heimwerkermärkte Holding AG nor any shareholders
bent on realization of their stock intend to register an offer or parts of it
in the United States or to make a public offer of securities in the United
States.
End of message (c)DGAP