Vtion Wireless Technology AG / IPO
25.09.2009
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Frankfurt, 25 September 2009. Vtion Group, one of the three leading
suppliers of wireless data card solutions for mobile computing over wide
area networks in China, intends to go public on 1 October 2009. Vtion aims
to obtain a listing on the Regulated Market (Prime Standard) of the
Frankfurt Stock Exchange.
The price range within which purchase offers may be submitted will be EUR
9.50 to EUR 12.00 per share. Assuming a full exercise of the Greenshoe
Option, this represents a total issue volume of EUR 49.16 million to EUR
62.10 million. The offer period will begin on 28 September 2009 and is
expected to end on 29 September 2009. On the final day of the offer period,
private investors can submit purchase offers until 15:00 (CET), while the
deadline for institutional investors is 16:00 (CET).
The company is planning a public offering in Germany and Luxembourg as well
as private placements in various countries outside the United States. The
offering consists of up to 5,175,000 ordinary bearer shares of Vtion
Wireless Technology AG. Up to 4,500,000 of these ordinary bearer shares
originate from a capital increase and up to 675,000 ordinary bearer shares
originate from the holdings of certain existing shareholders in connection
with a potential over-allotment. The company plans to use the net proceeds
of the offering primarily to finance the further expansion of Vtion Group.
The detailed terms and conditions of the offering are set forth in the
prospectus approved by the German Financial Supervisory Authority ('BaFin')
on 21 September 2009 and the supplement thereto, which will be published on
the company website after its approval by BaFin.
Sal. Oppenheim jr. & Cie. KGaA is acting as lead manager Macquarie Capital
(Europe) Limited is acting as syndicate bank. comdirect bank AG, DAB Bank
AG and S Broker AG & Co. KG are selling agents.
Disclaimer
This publication is not an offer of any securities for sale or a
solicitation of an offer to purchase any securities. The offer of shares is
only made through and on the basis of the prospectus approved by the
Bundesanstalt für Finanzdienstleistungsaufsicht. The prospectus is
available on the website of the company on www.vtion.de, a copy can be
requested from the company (fax-no. +49-(0) 40 60 91 86 60) and from Sal.
Oppenheim (fax-no. +49-(0) 69 71 34 51 69), free of charge.
This document is not an offer of securities for sale or a solicitation of
an offer to purchase securities in the United States. The shares of Vtion
Wireless Technology AG (the 'Shares') have not been 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 unless registered under the
Securities Act or pursuant to an exemption from such registration. There
will be no public offering of the Shares in the United States and the
Shares will not be registered under the Securities Act.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii)
high net worth entities, and other persons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
persons together being referred to as 'relevant persons'). The Shares are
only available to, and any invitation, offer or agreement to subscribe,
purchase or otherwise acquire such securities will be engaged in only with,
relevant persons. Any person who is not a relevant person should not act or
rely on this document or any of its contents.
Contact:
Kirchhoff Consult AG
Janina Wismar
T +49 40 60 91 86 50
F +49 40 60 91 86 16
E Janina.Wismar@kirchhoff.de
25.09.2009 |[![CDATA[|[a href="http://www.dgap.de"|]Financial News transmitted by DGAP|[/a|]]]|]
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Language: English
Company: Vtion Wireless Technology AG
Westhafen Plaza 1
60327 Frankfurt
Deutschland
Phone: +49 69 90 500 160
Fax: +49 69 90 500 102
E-mail: ir@vtion.de;janina.wismar@kirchhoff.de
Internet: www.vtion.de
ISIN: DE000CHEN993
WKN: CHEN99
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen; designated to be listed
End of News DGAP News-Service
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DGAP-Adhoc: Vtion Wireless Technology AG specifies price range for planned IPO
| Source: EQS Group AG