Ströer Allee 1
50999 Köln, de
+49 (2236) 9645-338
Ströer to increase share capital from authorized capital by exercising Greenshoe option
Issue of 640,000 new shares resolved / Gross proceeds for Ströer amount to 12.8 million Euro
The new shares will be issued against the partial exercise of a Greenshoe option that was granted by Ströer to Morgan Stanley as stabilization manager in the IPO. The Greenshoe option serves the redemption of a remunerated securities loan made to cover overallotments. All new shares have been acquired at the offer price of Euro 20.00 by Morgan Stanley in its own name and for the account of all the underwriting banks. The gross proceeds (before commissions) received by the company amounts to Euro 12.8 million.
The new Ströer shares are to be admitted to trading on the Regulated Market of the Frankfurt Stock Exchange and with simultaneous admission to the subsegment with postadmission obligations, the Prime Standard segment. Inclusion of the new Ströer shares in the existing listing on the Frankfurt Stock Exchange is planned in the course of August, 2010.
This ad hoc release does not constitute an offer for the sale of securities in the United States of America, Canada, Australia, Japan or in any other jurisdiction in which an offer is subject to legal restrictions. The securities named in this ad hoc release may be sold or offered for sale in the United States of America only with prior registration under the provisions of the U.S. Securities Act of 1933 ("Securities Act"), as amended, or in the absence of prior registration only on the basis of an exemption. Subject to certain exemptions in accordance with the Securities Act, the securities named in this announcement may not be sold or offered for sale in Australia, Canada or Japan or for the account of Australian, Canadian or Japanese residents. There is no registration of the offer or the sale of the securities named in this announcement according to the respective legal requirements of Canada, Australia and Japan. There will be no public offer of securities in the United States of America.
This ad hoc release is solely for advertising purposes and does not constitute a prospectus. Interested investors should make their investment decision in regard to the securities named in this announcement solely on the basis of information in a prospectus published by the company in connection with this offer and approved by the German Federal Financial Supervisory Authority (BaFin). This securities prospectus is available free of charge from Ströer Outof-Home Media AG (Ströer Allee 1, 50999 Cologne, Germany) or on the website www.stroeer.com.
This ad hoc release contains forwardlooking statements based on current assessments and assumptions made by the management of Ströer Outof-Home Media AG according to the best information available. Forwardlooking statements are subject to known and unknown risks, uncertainties and other factors that can lead to the results of operations, profitability, performance or the profits of Ströer Outof-Home Media AG deviating significantly from the results of operations, profitability, performance or the profits as expressly described in these forwardlooking statements or to be implicitly assumed from them. In view of these risks, uncertainties and other factors, the recipient of these materials should not place undue reliance on these forwardlooking statements. Ströer Outof-Home Media AG undertakes no obligation to update these forwardlooking statements and to conform them to future events and developments.
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