- Stabilisation period ended
- No stabilisation measures applied
Acting as stabilization manager on behalf of all of the underwriting banks, Deutsche Bank Aktiengesellschaft today fully exercised the greenshoe option that was granted to the underwriters in connection with the initial public offering of Brenntag AG. All 1.95 million shares placed as overallotments were acquired. A total of 14.95 million shares were sold in the offering. The full exercise of the greenshoe option resulted in a free float of nearly 30 percent.
On behalf of all the underwriting banks, Deutsche Bank announced that the exercise of the greenshoe option marked the end of the stabilisation period. No stabilisation measures were applied. With today’s Xetra closing price of EUR 55.00 the Brenntag share was EUR 5.00 above issue price.
Brenntag is the global market leader in full-line chemical distribution (based on most recent market data). Linking chemical manufacturers and chemical users, Brenntag provides business-to-business distribution solutions for industrial and specialty chemicals globally. With over 10,000 products and a vast supplier base, Brenntag offers one-stop shop solutions to more than 150,000 customers. The value-added services include just-in-time delivery, product mixing, formulation, repackaging, inventory management, drum return handling as well as technical services. Headquartered in Mülheim an der Ruhr, Germany, Brenntag operates a global network with more than 400 locations in more than 60 countries. In 2009 the company realized global sales of EUR 6.4 billion (USD 8.9 billion) with approximately 11,000 people.
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in Australia, Canada, Japan, or the United States or in any jurisdiction to whom or in which such offer or solicitation is unlawful. The securities referred to herein 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 another exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Subject to certain exceptions, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan. The offer and sale of the securities referred to herein has not been and will not be registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. There will be no public offer of the securities in the United States.
Investors should not purchase or subscribe for any shares referred to in this press release except on the basis of information in the prospectus issued by Brenntag AG (the “Company”) in connection with the offering of such shares and approved by the German Financial Supervisory Authority (BaFin) on 15 March 2010. Copies of the prospectus are available free of charge from Brenntag AG (Corporate Communications, Stinnes-Platz 1, D-45472 Mülheim an der Ruhr, Germany) or on Brenntag’s website (www.brenntag.de).
This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as “relevant persons”). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.