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| Datum : | 15.05.2014 |
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DGAP-News: JJ Auto AG announces IPO details |
| Meldung : | DGAP-News: JJ Auto AG / Key word(s): IPO JJ Auto AG announces IPO details 15.05.2014 / 10:09 --------------------------------------------------------------------- JJ Auto AG announces IPO details * Price range expected between 6.75 and 9.00 Euros * Offering volume of up to 1,777,778 shares * Expected offer period from May 19, 2014 until May 27, 2014 * Listing expected on June 9, 2014 Berlin, May 15, 2014 - JJ Auto AG (together with its subsidiaries hereinafter "JJ Auto"), a dynamically growing manufacturer and supplier of automotive parts for commercial and heavy-duty vehicles in the Chinese market, is publicly offering up to 1,777,778 shares in Germany and Poland in the context of its IPO on the Frankfurt Stock Exchange and the Warsaw Stock Exchange. The public offering in Germany and Poland includes solely new shares from a capital increase. The price range for the shares is expected to be between 6.75 and 9.00 Euros. The offer volume would lead to gross proceeds of up to 16.0 million Euros. JJ Auto plans to use the net proceeds from the sale of the shares mainly to launch self-operated distribution centres, to increase JJ Auto's production capacities, to build and promote JJ Auto's brand and to enhance its research and development capacity. The existing shareholders with a shareholding of 5 per cent and above have agreed to a lock-up period of twelve months from the first day of trading. The offer period starts on May 19, 2014 and is expected to end on May 27, 2014 at 12:00 p.m. CEST for retail investors and 6:00 p.m. CEST for institutional investors. The listing in the General Standard of the Frankfurt Stock Exchange and in the Parallel Market of the Warsaw Stock Exchange is scheduled for June 9, 2014. The offering consists of a public offering in Germany and Poland and private placements to institutional investors outside Germany, Poland and the United States. Sole Global Coordinator, Sole Bookrunner and Sole Lead Manager of the transaction is ACON Actienbank AG in Munich. The IPO prospectus was approved by BaFin and is published on the website of JJ Auto AG at www.jj-auto.de/en and can be provided in printed format at the premises of JJ Auto AG, Berlin, and of ACON Actienbank, Munich. Significant growth during the past three years With its sustainable business model focused on serving the Chinese automotive aftermarket with automotive parts and tools for commercial vehicles and for heavy-duty machines, JJ Auto achieved sales of 108.5 million Euros in 2013. The profit from operations (EBIT) reached 23.0 million Euros. The net profit amounted to 17.1 million Euros, representing a net profit margin of 15.7 per cent. During the past three years, JJ Auto reached a compounded annual growth rate of 24.0 per cent for sales and 24.8 per cent for net profit. About JJ Auto JJ Auto is one of the leading manufacturers and suppliers of high-quality steel automotive parts, tools and heavy-duty machine parts such as nuts, bolts, wrenches, sleeves, track pins and bushings and track parts in China. As a supplementary business JJ Auto is also involved in the trading of automotive tools and parts. Founded in 1998, JJ Auto possesses extensive industry experience and technology know-how. Currently, JJ Auto exclusively sells its products in the Chinese market directly to distributors and direct sales customers, such as axle factories. The company's customer base consists of around 89 automotive parts distributors, which further sell JJ Auto's products to end users such as axle factories, repair shops and OEMs. The production facilities of JJ Auto, occupying a site area of 26,089 square metres, are located in Quanzhou City in the south-eastern Chinese province Fujian. In 2013 the production volume amounted to 82.25 thousand tons. At the end of 2013 JJ Auto employed more than 600 employees. Additional information: ISIN: DE000A1TNS70 Securities Identification No. (WKN): A1TNS7 Ticker Symbol: JJO Listing requested: Regulated Market / General Standard at Frankfurt Stock Exchange in parallel: Regulated Market / Parallel Market Warsaw Stock Exchange Legal seat of the Company: Germany For further information, please contact: Kirchhoff Consult AG Dr. Kay Baden Tel: +49(0) 40 609 186 39 Mail: baden@kirchhoff.de Or visit http://www.jj-auto.de/en Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of and on the basis of a securities prospectus, which will be published after approval by the German Financial Supervisory Authority (BaFin). An investment decision regarding the publicly offered securities of the issuer should only be made on basis of the published prospectus. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The shares in JJ Auto AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "qualified persons"). All securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, qualified persons. Any person who is not a qualified person should not act or rely on this document or any of its contents. The public offer in Poland and Germany will solely be made by means of and on the basis of a securities prospectus. The securities prospectus will be available at the Company's website under http://www.jj-auto.de/en and at the premises of JJ Auto AG, Berlin, and ACON Actienbank AG, Munich. End of Corporate News --------------------------------------------------------------------- 15.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------- Language: English Company: JJ Auto AG Unter den Linden 14 10117 Berlin Germany Phone: +49 (0)30 72616 8000 Fax: +49 (0)30 72616 8001 E-mail: jj-auto@kirchhoff.de Internet: www.jj-auto.de ISIN: DE000A1TNS70 WKN: A1TNS7 Listed: Regulierter Markt in Frankfurt (General Standard) Notierung vorgesehen. / Intended to be listed. End of News DGAP News-Service --------------------------------------------------------------------- 268558 15.05.2014 |
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