Südzucker announces price range
Adhoc-Release
Südzucker AG announces price range
Südzucker Aktiengesellschaft Mannheim/Ochsenfurt (ISIN DE0007297004) and CropEnergies AG, Mannheim (ISIN DE 000A0LAUP1), and Deutsche Bank Aktiengesellschaft, as the Global Coordinator, have set the price range for the initial public offering of CropEnergies AG in a decoupled bookbuilding process at 8 euro to 10,75 euro per offered share. The offer period will last four days, beginning on September 25, 2006 and ending on September 28, 2006. During this period purchase bids can be submitted at the branch offices of the syndicate banks during regular business hours. On the final day of the offer period the submission of purchase bids by retail investors is possible until 12.00 (CEST) and for institutional investors until 14.00 (CEST).
Trading is expected to commence on September 29, 2006. Application has been made to list the shares on the official market segment (Amtlicher Markt) of the Frankfurt Stock Exchange and the sub-segment thereof with additional post-admission obligations (Prime Standard).
The offering consists of up to 25 million ordinary bearer shares with no par value. The offered shares are new shares from a capital increase against cash contributions, which is expected to be resolved on September 27, 2006 at an extraordinary shareholders meeting, and entitle to full profit participation as of May 3, 2006, the day of the foundation of the company. In addition up to 3 m ordinary bearer shares from the holdings of Südzucker Aktiengesellschaft Mannheim/Ochsenfurt may be allocated in connection with an overallotment. CropEnergies AG will receive the proceeds from the sale of the new shares from the capital increase less commissions of the syndicate banks and the costs of the offering payable by the company. Südzucker Aktiengesellschaft Mannheim/Ochsenfurt will receive the proceeds from the sale of the shares from its holdings in the event of an overallotment.
Disclaimer
This press release constitutes neither an offer to sell nor a solicitation to buy any securities. The offer is being made solely by means, and on the basis of the prospectus, published in the internet under www.cropenergies.com and held available free of charge at CropEnergies AG, Gottlieb-Daimler-Straße 12, 68165 Mannheim and at the syndicate banks Deutsche Bank Aktiengesellschaft (Fax +49 69 91 03 67 31), Citigroup Global Markets Limited (Fax +44 20 79 86 11 03), DZ Bank AG Deutsche Zentral-Genossenschaftsbank (Fax +49 69 74 47 74 71), Landesbank Baden-Württemberg (Fax +49 711 12 72 51 98), Raiffeisen Centrobank AG, Austria (Fax +43 1 51520 51 66) and Sal. Oppenheim jr. & Cie. Kommanditgesellschaft auf Aktien.
This press release is not being issued in the United States of America and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States. This press release does not constitute an offer or invitation to purchase any securities in the United States. The securities of CropEnergies AG have not been registered under the Securities Act and may not be offered, sold or delivered within the United States or to U.S. persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws.
This document is directed only at persons (i) who are outside the United Kingdom or (ii) 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 as amended) (the "Order") or (iii) who fall within article 49 (2) (a) to (d) ("high net worth companies, unincorporated associations etc.") of the Order (all such persons together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.