NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN
OR AUSTRALIA.
Price range for shares in ADLER Modemärkte
between EUR 10.00 and EUR 12.50
Subscription period from 30 May to 14 June 2011 (expected)
Listing in Prime Standard of Frankfurt Stock Exchange planned for 16 June
2011
Target placement volume between EUR 116 million and EUR 145 million
Haibach, 27 May 2011: Today, Adler Modemärkte AG, together with the former
sole shareholder bluO and the Global Coordinator Crédit Agricole Corporate and
Investment Bank, set the price range for its planned IPO at EUR 10.00 to EUR
12.50 per share.
"We intend to use the proceeds from the IPO to accelerate our continued
expansion," said Lothar Schäfer, CEO of ADLER Modemärkte. "We will pursue
this strategy in Germany and its neighbouring countries by opening new stores
and purchasing existing competitors and chain stores." The Company is already a
leading textile retailer for quality and price-conscious customers 45+ in Germany,
Austria and Luxembourg. "We are proud to have successfully put the tradition-rich
ADLER brand back on the path to success through our repositioning," added
Thomas Wanke, board member responsible for sales and expansion. "We are
confident that ADLER Modemärkte's clear focus on the affluent and steadily
growing group of 45+ customers has prepared us well for the future and put us in a
position to continue to expand our market position going forward."
Subscription orders for shares in ADLER Modemärkte may be submitted during
the subscription period beginning on 30 May and scheduled to end on 14 June
2011. The final Offer Price is slated to be set and published on 14 June 2011.
Trading on the Prime Standard of the Frankfurt Stock Exchange is scheduled to
begin on 16 June 2011.
Adler Modemärkte AG is offering a total of 11.629.950 shares within a public
offering in Germany, and in Europe through an international private placement, of
which 2.650.000 million shares will originate from a capital increase and 7.463.000
shares from the transfer of shares held by the former sole shareholder, which has
made a further 1.516.950 shares available to the bank to service the over-
allotment option.
In the event of a full exercise of the over-allotment option, the placement volume
will total between EUR 116.299.500 million and EUR 145.374.375 million.
Following the successful placement of the shares offered under the issue, free
float will amount to approx. 62.8 percent of share capital.
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NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN
OR AUSTRALIA.
The Company and Crédit Agricole will provide further information at a press
conference on Monday, 30 May at 11:30 a.m. at the offices of Crédit Agricole,
Taunusanlage 14, in Frankfurt.
Further, please refer to the Offer Terms contained in the Offering Memorandum
approved and published today at www.adlermode.com.
About Adler Modemärkte AG:
As one of the leading textile retailers in Germany, Austria and Luxembourg, and
with more than 60 years of tradition and a high level of customer loyalty, ADLER
is, in its own estimation, the market leader among textile retailers for customers
over 45 in Germany in the value price segment. ADLER offers a both broad and
extensive range of womenswear, menswear and lingerie. With a supplementary
range consisting of accessories, footwear, kidswear and babywear, traditional
dress, sportswear and hardware products, ADLER aims to round off its product
portfolio and to exploit existing cross-selling potential in its stores. ADLER is
currently focusing on large-space retail concepts, i.e., the space occupied by the
stores it operates is usually more than 1000 m².
ADLER has a vertically integrated business model with full information control over
all elements of the value chain, and can therefore respond efficiently to changes in
demand. ADLER has also implemented a variable, modular retail space concept
and can therefore react flexibly to the offering of store spaces and occupy location-
specific market niches. ADLER's product portfolio consists mainly of own brands,
the collections for which are designed and compiled to a large extent by ADLER
itself, and then produced by external manufacturers. This is supplemented by a
selected range of external brands. The products are distributed via a broad
network of currently more than 130 stores in Germany, Austria and Luxembourg,
as well as an online store. In the 2010 financial year, the company had over 4,100
employees, on average.
This publication constitutes neither an offer to sell nor an invitation to buy
securities. The shares in Adler Modemärkte AG (the “Shares”) may not be
offered or sold in the United States or to or for the account or benefit of
“U.S. persons” (as such term is defined in Regulation S under the Securities
Act of 1933, as amended (the “Securities Act”)) absent registration or an
exemption from registration under the Securities Act. The Shares have not
been and will not be registered under the Securities Act. No offer or sale of
securities is being made to the public outside Germany. The offer in
Germany will be made exclusively by means of and on the basis of a
prospectus published and available free of charge at www.adlermode.com.
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 (as amended) (the “Order”) or (iii) high net
worth companies, and other per-sons to whom it may lawfully be
communicated, falling within Article 49(2)(a) to (d) of the Order (all such
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NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA, CANADA, JAPAN
OR AUSTRALIA.
persons in (i), (ii) and (iii) above together being referred to as “relevant
persons”). The securities are only available to, and any invitation, offer or
agreement to subscribe for, purchase or otherwise acquire such securities
will be engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on this document or any of its
contents.
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