Going Public 2015

12/02/2015 | Press Release: EDAG Engineering Group AG to place shares at the issue price of EUR 19.00 per share: offering several times oversubscribed

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12/01/2015 | Ad hoc release: EDAG Engineering Group AG sets issue price at EUR 19.00 per share

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11/20/2015 | Press Release: EDAG Engineering Group AG plans initial listing on 2 December: price range between EUR 19.00 and 24.00 per share

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11/11/2015 | Press Release: EDAG continues to grow revenues and earnings in Q3 2015

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11/04/2015 | Press Release: EDAG intends to go public (extended Version)
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Basic Parameters

First day of tradingExpected for 2 December 2015
Offer periodThe offer period will commence on 23 November 2015 and is expected to end on 1 December 2015 at 12:00 noon CET for private investors and at 15:00 CET for institutional investors
Price RangeEUR 19.00 to EUR 24.00 per share
Offer volume/ Issuance proceedsTotal volume of EUR 216.3 million at the mid-point of the price range (subject to the exercise of the Greenshoe option) and EUR 188.1 million (without exercise of the Greenshoe option)
Type of issue

Public offering of shares in the Federal Republic of Germany and the Grand Duchy of Luxembourg as well as private placements in certain jurisdictions outside Germany and Luxembourg

In the United States of America, the company’s shares will be offered and sold only to qualified institutional buyers as defined in Rule 144A under the U.S. Securities Act of 1933 (as amended); outside of the United States of America, the company’s shares will be offered and sold only in offshore transactions in reliance on Regulation S of the Securities Act

Stock ExchangeFrankfurt Stock Exchange (Prime Standard)
Syndicate banksMorgan Stanley and Deutsche Bank as joint global coordinators and joint book runners; Commerzbank and M.M. Warburg as co-lead managers
Lock-up periodCompany: 180 days
Selling shareholder: 180 days
Companies controlled by the Helmig family: 180 days
ISINCH0303692047
WKNA143NB
Ticker symbolED4

Here you can find the approved prospectus for the listing of EDAG:

Download of the prospectus as PDF

The document has been created in English language and contains a German summary.

  1. Why does EDAG go public?

    The planned IPO is a proactive endeavor for EDAG. Direct capital market access should enable us to ensure EDAG’s independence and flexibility in the globalized competitive landscape.
    The listing and the associated increase in public awareness will result in several positive effects for EDAG. Potential customers as well as qualified engineers and specialists will become increasingly aware of us. This will help us to attract new talent as we are expanding our business. 
    We aim to continue our growth trajectory on this basis. Our goals are, amongst others, to continue enhancing our international market position, make the company an even greater place to work and drive the development and marketing of successful innovations
     
  2. When will EDAG go public?

    The first trading day at the Frankfurt Stock Exchange is expected to be on 2 December 2015.

  3. On which stock exchange will the EDAG shares be listed?

    The shares of EDAG will be listed in the Prime Standard of the regulated market of the Frankfurt Stock Exchange.
     
  4. What type of shares will be offered? 

    Bearer shares with a nominal value of CHF 0.04 each and with full dividend rights for the fiscal year ending 31 December 2015 and all subsequent fiscal years.
     
  5. Where can I acquire shares of EDAG?

    Morgan Stanley and Deutsche Bank will act as joint global coordinators and joint book runners during the IPO process. Commerzbank and M.M. Warburg have been mandated as co-lead managers. Investors can submit their offers starting from 23 November 2015 presumably until 1 December 2015 to these banks.
     
  6. My bank is not a member of the syndicate. Can I still subscribe for shares at my bank?

    Usually, it is also possible to subscribe for shares at a bank that is not part of the underwriting bank group. Please contact your bank, which will surely inform you how to proceed in this case.
     
  7. When will I be able to subscribe shares of EDAG?

    The offering will start on 23 November 2015 and is expected to end on 1 December 2015 (at 12:00 CET for retail investors and at 15:00 CET for institutional investors). Of course, you can also buy them during regular trading at the stock exchange after the offer period has ended.
     
  8. What is the issue price of the EDAG shares?

    The current price range of EUR 19.00 to EUR 24.00 per share has been set by the syndicate banks together with our current owner ATON. The final issue price of the EDAG share will be determined based on a bookbuilding process during the next few days and is expected to be announced on 1 December.
     
  9. Will the EDAG shares be included in an index?

    Currently, we do not know whether the shares will be included in an index and when this will be the case. This will depend particularly on the market capitalization and the trading volume of the shares.
     
  10. What is the content of a securities prospectus?

    The prospectus has to be compiled in connection with the public offering in Germany and Luxemburg as well as the stock exchange admission of the EDAG shares and contains essential information about different aspects of the offering, including the risks associated with the offer, the shares offered, the issuer (EDAG), the company’s and the group’s structure, its operational business and financial information. Please follow this link ir.edag.com/ipo to download the prospectus. Printed copies of the prospectus are available from EDAG Engineering Group AG, Schlossgasse 2, CH 9320 Arbon.
     
  11. How does the allocation process work?

    The allocation of offer shares to retail and institutional investors will be decided after consultation with the joint bookrunners. The decision ultimately rests with the company and the selling shareholder of EDAG.

     
  12. Why has the EDAG Engineering Group AG been established as a public company under Swiss law?

    As a cross-generational investment company, ATON is a long-term oriented investor that plans to keep a significant share in EDAG after the IPO. The objective is to consistently perpetuate the successful corporate strategy.  The establishment of a joint-stock company under Swiss law will ensure a stable structure for the future development of EDAG.
     

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