Tognum completes IPO successfully

Tognum completes IPO successfully  
• Majority of Greenshoe option exercised
• Offering volume exceeds EUR 2 billion

Tognum AG today announced that its Initial Public Offering (IPO) was completed successfully as Global Coordinators and Joint Bookrunners Deutsche Bank and Goldman Sachs exercised the majority of the Greenshoe to cover the high demand from retail and institutional investors.

The banks were given the option to acquire and allocate additional up to 15% shares of the base offering of 75.0 million shares at the offer price from the selling shareholder indirectly owned by EQT. Having exercised the Greenshoe option, the amount of shares sold in this IPO increased to 83,841,769 shares, including 8,841,769 greenshoe shares. This results in a total offering volume of approximately EUR 2.01 billion.
Tognum’s IPO was oversubscribed several times. The share closed at EUR 24.99 last Friday which represents a 4% increase to the issue price. Since the IPO on July 2nd, Tognum’s shares have outperformed the German mid-cap index MDAX by around 3%. Including the shares allocated via the Greenshoe option, the free float is approximately 63% of Tognum’s equity, with EQT holding around 22%, members of the supervisory board as well as members of the management board and other executives of Tognum own together approximately 12% and members of the Schmid-Maybach family own directly and indirectly approximately 3%.   

This press release is for information purposes only and does not constitute an offer to sell or a solicitation for an offer to buy any securities.

This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States of America (the “Shares”). The shares of Tognum AG (the "Shares") may not be offered or sold in the United States unless registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or pursuant to an exemption from such registration. The shares will not be registered under the Securities Act.

This document does not constitute an offer of securities to the public in the United Kingdom. This announcement 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.