Brief: Doosan Skoda Power Launches IPO, Price Range For Offering Set At CZK 220–260 Per Share

Doosan

27/01/2025 07:09

Jan 27 (Reuters) - 
  
    * DOOSAN SKODA POWER: ANNOUNCES LAUNCH OF IPO
    * DOOSAN SKODA POWER: PRICE RANGE FOR OFFERING SET AT CZK
220–260
PER SHARE
    * DOOSAN SKODA POWER CEO: GLAD THAT WE WILL BE PART OF THE
PRIME
MARKET OF THE PRAGUE STOCK EXCHANGE
    * DOOSAN SKODA POWER CEO: SELLING SHAREHOLDER DOOSAN POWER
SYSTEMS
OFFERING UP TO 6,670,000 EXISTING SHARES FROM ITS HOLDINGS,
REPRESENTING 23% OF THE EXISTING SHARE CAPITAL
    * DOOSAN SKODA POWER CEO: OFFERING UP TO 2,900,000 NEW
SHARES
    * DOOSAN SKODA POWER: UP TO 957,000 ADDITIONAL SHARES MAY BE
OFFERED IN OVER-ALLOTMENT
    * DOOSAN SKODA POWER: EXPECTS TO PUBLISH THE FINAL OFFER
PRICE ON
OR AROUND FEB 6
    * DOOSAN SKODA POWER: ASSUMING OFFER PRICE WILL BE AT
MIDPOINT OF
RANGE, TOTAL VALUE OF OFFERING WILL AMOUNT TO APPROXIMATELY CZK
2.527 BILLION ASSUMING MAXIMUM NUMBER OF SHARES PLACED
    * DOOSAN SKODA POWER: FOLLOWING THE OFFERING, THE TOTAL
NUMBER OF
SHARES IN THE COMPANY WILL AMOUNT UP TO 31,900,000
    * DOOSAN SKODA POWER: SELLING SHAREHOLDER WILL CONTINUE TO
OWN AND
CONTROL MAJORITY STAKE IN THE COMPANY OF NO LESS THAN 67%
    * DOOSAN SKODA POWER: ADOPTED DIVIDEND PAYOUT RATIO POLICY
OF AT
LEAST 70% OF COMPANY’S NET INCOME

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