Brief: MBB Subsidiary Friedrich Vorwerk Sets Final Offer Price At EUR 45 Per Share

MBB SE

23/03/2021 14:31

March 23 (Reuters) - MBB SE  MBBG.DE :
    * SUBSIDIARY FRIEDRICH VORWERK SETS FINAL OFFER PRICE AT EUR
45
PER SHARE
    * TRADING OF COMPANY'S SHARES ON REGULATED MARKET (PRIME
STANDARD)
OF FRANKFURT STOCK EXCHANGE IS EXPECTED TO COMMENCE ON 25 MARCH
2021
    * UNDER TRADING SYMBOL "VH2"
    * IN TOTAL, 9.2 MILLION SHARES WERE PLACED AS PART OF
OFFERING
    * 2.0 MILLION SHARES DERIVE FROM A CAPITAL INCREASE
REGISTERED
WITH COMMERCIAL REGISTER TODAY AND 6.0 MILLION SECONDARY SHARES
WERE ALLOCATED FROM SELLING SHAREHOLDERS
    * ADDITIONALLY, 1.2 MILLION SECONDARY SHARES WERE ALLOCATED
FROM
SELLING SHAREHOLDERS IN CONNECTION WITH AN OVER-ALLOTMENT
    * TOTAL OFFER VOLUME AMOUNTS TO EUR 414 MILLION
    * FRIEDRICH VORWERK WILL RECEIVE GROSS PROCEEDS OF EUR 90
MILLION
TO EXPAND COMPANY'S BUSINESS, ESPECIALLY IN HYDROGEN AND
ELECTRICITY MARKETS
    * FRIEDRICH VORWERK WILL REMAIN AN OWNER-MANAGED BUSINESS IN
WHICH
CEO TORBEN KLEINFELDT AND MBB SE WILL HOLD A MAJORITY STAKE IN
LONG-TERM

Source text for Eikon:  ID:nEQ6k74cda 
Further company coverage:  MBBG.DE 
    

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