EQS Group-News: Dynamics Group AG / Key word(s): IPO
Aluflexpack AG sets issue price at CHF 21
2019-06-27 / 21:40
Press release
Reinach (Aargau), 27 June 2019
Aluflexpack AG sets issue price at CHF 21
· Offer price set at CHF 21.00 per share
· 28 June 2019 scheduled as first trading day for the shares in the
International Reporting Standard at SIX Swiss Exchange
· Gross issuance proceeds of approximately CHF 153.3 million, generated by
issuing 7,300,000 new shares
· Total issuance volume of approximately CHF 168.6 million, including
over-allotment of 10 per cent of the base offering
· Market capitalisation of approximately CHF 363.3 million at a share
price of CHF 21.00
· Free float of approximately 46.4 per cent, assuming the greenshoe option
is fully exercised
Aluflexpack AG has set the offer price at CHF 21.00 per share jointly with
its sole shareholder, Montana Tech Components AG ("Montana"), and Joh.
Berenberg, Gossler & Co KG. In total 7,300,000 new shares were issued.
"We are very satisfied," says Igor Arbanas, CEO of Aluflexpack AG.
"Consistent and successful implementation of our strategy in recent years
and promising prospects convinced the investors. The IPO now provides us
with necessary funds to seamlessly continue our growth and success story.
Even though the IPO opens a new chapter for the company, we will continue to
focus on the proven cornerstones of our success: a focus on our customers
and their satisfaction, continuous development of the organisation,
innovation and expansion of the technological infrastructure."
The company will use the gross proceeds from the issuance of new shares
(approx. CHF 153.3 million / approx. EUR 136.7 million) predominantly for
the expansion of production capacity in Europe, production automation, and
targeted acquisitions. The issuance proceeds will also be used to repay
shareholder loans granted to pre-finance these growth initiatives.
The total placement volume, including the greenshoe option of 730,000 shares
from Montana's existing holding, amounts to approximately CHF 168.6 million
(ca EUR 150.4 million). Assuming a fully-exercised greenshoe option, the
free float will amount to approximately 46.4 per cent. Market capitalisation
at a share price of CHF 21.00 is approximately CHF 363.3 million (ca EUR
324.0 million).
A lock-up period of 12 months is agreed with the Company, as well as with
Igor Arbanas, CEO of Aluflexpack AG, Johannes Steurer, CFO of Aluflexpack
AG, and Martin Ohneberg, Chairman of the Board of Directors of Aluflexpack
AG. Montana is subject to a 24 months lock-up.
Trading in the International Reporting Standard segment of the SIX Swiss
Exchange is envisaged to commence on 28 June 2019 - under the Swiss
Securities Number (Valor) 45322689, the International Securities
Identification Number (ISIN) CH0453226893 and the ticker symbol AFP.
Joh. Berenberg, Gossler & Co KG acted as sole global coordinator and joint
bookrunner for the transaction, with Zürcher Kantonalbank AG as joint
bookrunner, and Raiffeisen Centrobank AG as co-lead manager.
Media contacts
Dynamics Group AG
Andreas Durisch / Thomas Balmer
adu@dynamicsgroup.ch / tba@dynamicsgroup.ch
+41 43 268 32 32
About Aluflexpack AG:
Aluflexpack AG (Aluflexpack) is a 100 % subsidiary of Montana Tech
Components AG. Aluflexpack produces flexible packaging solutions mainly for
end markets such as coffee/tea, pharmaceuticals, pet food, confectionery and
dairy. Well-established insights, service flexibility and innovative
strength are what underpin long-term customer relationships; both with
locally operating companies and large international corporations.
Aluflexpack, headquartered in Reinach (AG), Switzerland, has production
facilities in Switzerland, France and Turkey and four production facilities
in Croatia. The number of employees as of March 31, 2019 was approximately
1,150. www.aluflexpack.com [1]
Disclaimer / Information on Stabilization Measures
The information contained herein is not for release, directly or indirectly,
in or into the United States of America, Canada, Australia, Japan or any
other jurisdiction where to do so would be unlawful. This document (and the
information contained herein) does not contain or constitute an offer of
securities for sale, or solicitation of an offer to purchase securities, in
Canada, Australia or Japan or any other jurisdiction where such an offer or
solicitation would be unlawful. In particular, this document is not an offer
of securities for sale in the United States. Securities may not be offered
or sold in the United States absent registration under the U.S. Securities
Act of 1933, as amended (the "Securities Act"), or an exemption from
registration. The securities referred to herein have not been and will not
be registered under the Securities Act. No public offering of the securities
has been or will be made in the United States.
This communication is not being distributed to, and must not be passed on
to, the general public in the United Kingdom. This announcement is made to
and is directed only at persons in the United Kingdom having professional
experience in matters relating to investments who fall within the definition
of "investment professionals" in Article 19(5) or are high net worth
companies, unincorporated associations etc falling within Article 49(2), in
each case of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005, and to those persons to whom it can otherwise
lawfully be distributed (all such persons together being referred to as
"relevant persons"). This communication and the securities referred to
herein are, and will be made, available only to, and any invitation, offer
or agreement to subscribe, purchase or otherwise acquire such securities
will be engaged in only with, such relevant persons. No other person should
rely or act upon it. This communication is not intended for distribution to
and must not be passed on to any retail client.
Statements contained herein may constitute "forward-looking statements".
Forward-looking statements are generally identifiable by the use of the
words "may", "will", "should", "plan", "expect", "anticipate", "estimate",
"believe", "intend", "project", "goal" or "target" or the negative of these
words or other variations on these words or comparable terminology.
Forward-looking statements involve a number of known and unknown risks,
uncertainties and other factors that could cause Aluflexpack AG's or its
industry's actual results, levels of activity, performance or achievements
to be materially different from any future results, levels of activity,
performance or achievements expressed or implied by such forward-looking
statements. Aluflexpack AG does not undertake publicly to update or revise
any forward-looking statement that may be made herein, whether as a result
of new information, future events or otherwise.
This communication is not an issuance or listing prospectus or a similar
document in the sense of article 652a, article 752 and/or article 1156 of
the Swiss Code of Obligations or articles 27 et seq. of the Listing Rules of
the SIX Swiss Exchange and was not reviewed by any competent authority. Any
offer of securities of Aluflexpack AG will be made solely by means of, and
on the basis of, an offering memorandum that will contain detailed
information about the Company and its management as well as risk factors and
financial statements. Any person considering the purchase of any securities
of Aluflexpack AG must inform itself independently based solely on such
offering memorandum (including any supplement thereto). Investors are
furthermore advised to consult their bank or financial adviser before making
any investment decision.
In connection with the initial public offering of Aluflexpack AG, Joh.
Berenberg, Gossler & Co. KG (or any of its affiliates or any third person
acting on its behalf) will act as stabilization agent (the "Stabilization
Agent"). The Stabilization Agent may, in accordance with the applicable
legal provisions (in particular Article 126 of the Swiss Financial Market
Infrastructure Ordinance), effect transactions with a view to relieving a
potential selling pressure by supporting the market price of the shares of
Aluflexpack AG at a level higher than that which might otherwise prevail in
the open market (the "Stabilization Measures"). Such Stabilization Measures
can be taken from the commencement of the trading in the shares on the SIX
Swiss Exchange and must be brought to an end no later than 30 calendar days
after that date. The Stabilization Agent does not have an obligation to take
Stabilization Measures. Therefore, there can be no assurance that
Stabilization Measures are effected. Such Stabilization Measures, if
commenced, may be discontinued at any time without prior announcement.
Stabilization Measures may lead to a higher trading volume or market price
of the Shares than would otherwise prevail. Furthermore, the trading volume
or market price may temporarily attain a level that is not sustainable in
the long-term.
End of Corporate News
832591 2019-06-27
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=30a8369dc09d62e1eecc189fb1b75851&application_id=832591&site_id=vwd&application_name=news
(END) Dow Jones Newswires
June 27, 2019 15:40 ET (19:40 GMT)
