2011-05-11
Message delivered via YOUNIQ AG. The emitter takes responsibility for the content.
Germany | Companies
YOUNIQ AG: Price range for institutional pre-placement set at EUR 7.50 to EUR 8.50
Hessen: (ad hoc announcement) Together with its two major shareholders, Goethe Investments S.à r.l., Luxembourg, and Rabano Properties S.à r.l., Luxembourg, (together referred to as the Selling Shareholders), and Close Brothers Seydler Bank AG, which is acting as Sole Global Coordinator and Sole Bookrunner for the transaction, YOUNIQ AG has today set the price range at EUR 7.50 to EUR 8.50 for the up to 3,525,000 new shares, and for the up to 500,000 secondary shares from the Selling Shareholders' holdings
the Selling Shareholders are indirect subsidiaries of the CORESTATE German Residential Limited fund, St Peter Port, Guernsey, which is managed by the private equity investor CORESTATE Capital AG, Zug, Switzerland. The new shares and the secondary shares are to be offered for purchase within the aforementioned price range as of now until May 13, 2011 (inclusive) to institutional investors in Germany and in selected other European countries in accordance with Regulation S of the Securities Act (the Pre-placement). The pre-placement will be conducted as a bookbuilding procedure, and is subject to the condition that the requisite number of new shares is available after the conclusion of the subsequent subscription offer in the scope to which free float shareholders exercise their subscription rights.
The offering price and the final issue of volume will be determined based on the result of the bookbuilding procedure for the pre-placement prospectively on the evening of May 13, 2011, and will be published by way of ad hoc announcement. The offering price will correspond to the subscription price for the subsequent subscription offer.
Following the pre-placement, the new shares are to be offered for subscription to shareholders by way of indirect subscription rights on the basis of a 1:2 subscription ratio prospectively in the period between May 19, 2011 and June 3, 2011 (in each case inclusive). This means that one new share can be subscribed for against two of the company's ordinary bearer shares currently held. Subscription rights trading will not be organised.
Given a complete placing of the new shares, YOUNIQ AG would consequently achieve gross issue proceeds of appr. EUR 26.4 million to appr. EUR 30.0 million.
Issuer: YOUNIQ AG
Neue Mainzer Strasse 28 60311 Frankfurt am Main, Germany
ISIN: DE000A0B7EZ7
WKN (German Securities Identification Number): A0B7EZ Stock exchanges: Regulated Market in Frankfurt (General Standard); Regulated Unofficial Market in Berlin, Munich, Düsseldorf, Stuttgart
< End of the ad hoc announcement >
Stefan Kemmerer for YOUNIQ AG - 2011-05-11
Announcement by YOUNIQ AG. The originator takes responsibility for its content.
in 65203 Wiesbaden, Hessen, Germany
in 65203 Wiesbaden, Hessen, Germany
in 65203 Wiesbaden, Hessen, Germany
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