Public disclosure of inside information according to article 17 MAR
Frequentis AG: Placement price set at EUR 18.00 per FREQUENTIS share and 3,000,000 shares were placed
Wien
(pta045/08.05.2019/19:30 UTC+2)
Following completion of the bookbuilding phase, the placement price for shares in Frequentis AG was today set at EUR 18.00 per share. A total of 3,000,000 bearer shares were placed with investors, comprising 1,200,000 new shares from a capital increase, 1,500,000 shares from the stake held by majority shareholder Johannes Bardach and 300,000 shares in connection with an over-allotment option, which also come from Mr. Bardach's shareholding.
Based on the final placement price, the total transaction volume was EUR 54.0 million. Frequentis will receive the gross proceeds of the capital increase, which amount to EUR 21.6 million. In case the over-allotment option is fully exercised the Bardach family remains the long-term majority shareholder with a stake of around 67 percent. It should also be noted that 907,055 shares previously held by Mr. Bardach were placed with selected investors in advance at a price of EUR 18.00 per share. B&C Innovation Investments GmbH acquired and subscribed shares both in this advance placement and in the IPO; upon finalization of the transaction it will hold appr. 10.2 percent of the shares in Frequentis AG.
Shares in Frequentis AG are expected to be traded from May 14, 2019 on the regulated market at Frankfurt Stock Exchange (General Standard) and at the Vienna Stock Exchange (prime market) with the ticker symbol FQT and international securities identification number (ISIN) ATFREQUENT09. In Frankfurt, an application will be submitted for partial admission to trading for 13,199,999 shares because one registered share held by Mr. Bardach is subject to a lock-up period of five years from the date on which the bearer shares of Frequentis AG are admitted to trading and will not be listed. This only partial admission to trading does not entail any disadvantages for the purchasers of the shares to be listed.
About Frequentis AG
The Austrian company Frequentis headquartered in Vienna is an international supplier of communication and information systems for control centres with safety-critical tasks. Such 'control centre solutions' are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defence) and Public Safety & Transport (the police, fire brigade, ambulance services, shipping, railways). Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries. Products and solutions from Frequentis can be found in over 25,000 working positions and in about 140 countries. Founded in 1947, Frequentis is, by its own estimation, the global market leader in voice communication systems for air traffic control with a market share of around 30%. Moreover, the Frequentis Group's systems are globally leading in AIM (aeronautical information management) and aeronautical message handling systems, as well as in GSM-R systems in the field of Public Transport. For further information please see www.frequentis.com.
Contacts
Brigitte Gschiegl, Director of Corporate Communications, Frequentis AG
Email: brigitte.gschiegl@frequentis.com, phone: +43 1 81150-1301
Legal notice
This publication serves marketing purposes and constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. Any such offer is being made solely on the basis of the securities prospectus published as approved by the Finanzmarktaufsichtsbehörde (FMA). The information legally required to be provided to investors is contained only in the securities prospectus. An investment decision with respect to the publicly offered securities of the issuer should be made solely on the basis the securities prospectus. The securities prospectus dated 26 April 2019 will be available free of charge on the internet at the website of the issuer www.frequentis.com/IR and during normal business hours at the issuer.
The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) 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 of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.
No prospectus has been or will be approved for publication in the United Kingdom in respect of the securities to which this publication relates. Consequently, this publication is being distributed only to, and is directed only at, Qualified Investors (as defined below) who (i) are 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, as amended (the "Order"), (ii) are high net worth entities falling within Articles 49(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as "relevant persons"). Furthermore, this publication is only addressed to and directed at persons in member states of the European Economic Area (other than in Germany or Austria) who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended) ("Qualified Investors"). Any investment or investment activity to which this publication relates is only available to and will only be engaged in with (i) in the United Kingdom, relevant persons who are also Qualified Investors, and (ii) in any other member state of the European Economic Area (other than in Germany or Austria), Qualified Investors. Any other persons who receive this publication in the European Economic Area (other than in Germany or Austria) should not rely on or act upon it.
This publication is not an offer of securities for sale in Canada, Japan or Australia.
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Emitter: |
Frequentis AG Innovationsstraße 1 1100 Wien Austria |
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Contact Person: | Mag. Brigitte Gschiegl | |
Phone: | +431811501301 | |
E-Mail: | brigitte.gschiegl@frequentis.com | |
Website: | www.frequentis.com | |
ISIN(s): | ATFREQUENT09 (Share) | |
Stock Exchange(s): | Vienna Stock Exchange (Official Trade) | |
Other Stock Exchanges: | Regulierter Markt in Frankfurt |