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Jefferies Int Ltd. - Private placement in flatex AG completed

Fri 3rd July, 2020 7:16am
RNS Number : 9659R
Jefferies International Limited.
03 July 2020

Not for publication or distribution in the United States of America, Australia, Canada, Japan or South Africa or in any other jurisdiction in which offers or sales would be prohibited by applicable law.


Private placement of existing shares in flatex AG to institutional investors completed


Frankfurt/Main, 03 July 2020

The core shareholders of flatex AG (WKN: FTG111, ISIN: DE000FTG1111, Ticker: FTK.GR), GfBk Gesellschaft für Börsenkommunikation mbH ('GfBk') and Heliad Equity Partners GmbH & Co. KGaA ('Heliad'), sold in total 2,300,000 shares in flatex (approximately 11.7% of all outstanding shares) in a private placement to institutional investors. The shares have been placed at a price of EUR 43.00 per share, resulting in gross proceeds for the selling shareholders of c. EUR 99 million.


In this context, Bernd Förtsch, directly and indirectly via GfBk, sold 1,800,000 shares. Heliad sold 0.5m shares. Following the placement, the free float in flatex AG will represent more than 70% of outstanding shares. Mr. Förtsch will hold after the private placement directly as well as indirectly via GfBk around 18.6%, Heliad will continue to hold around 7.3%.


The selling shareholders have agreed to a 90-day lock-up period on all remaining shares.


Jefferies acted as Sole Global Coordinator and Mainfirst as Co-Bookrunner in connection with the placement.


The information was submitted for publication at 08:00 CET on 03 July 2020 by Jefferies GmbH on behalf of Bernd Förtsch, GfBk Gesellschaft für Börsenkommunikation mbH ('GfBk') and Heliad Equity Partners GmbH & Co. KGaA.

Disclaimer / Important Note

This publication may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Australia, Canada, Japan or South Africa or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.


This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase the above mentioned securities in the United States, Germany or any other jurisdiction. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.


The securities of flatex AG have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under any applicable securities laws of any state or other jurisdiction of the United States  and may not be offered or sold, directly or indirectly, in or into the United States absent registration or in transactions exempt from or not subject to the registration requirements of  Securities Act. There will be no public offer of the securities in the United States.


This announcement may not be disseminated in the United States and/or within the United States and may not be distributed or forwarded to publications that are widely available in the United States.


In the United Kingdom, this document is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This document is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this document refers is available only to Relevant Persons and will be engaged in only with Relevant Persons.


In member states of the European Economic Area ("EEA") and the United Kingdom, this announcement and any offer if made subsequently is directed exclusively at persons who are "qualified investors" ("Qualified Investors") within the meaning of the Prospectus Regulation (EU) 2017/1129, as amended. No action has been taken that would permit an offering of the securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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