Ferratum: Issue price set at EUR 17 per share for its Initial Public Offering on the Prime Standard in Frankfurt
Helsinki/Berlin, 4 February 2015 - The offer period for Ferratum Oyj's (ISIN: FI4000106299, WKN A1W9NS) Initial Public Offering on the Prime Standard of the Frankfurt Stock Exchange ended today. All 6,517,188 shares offered in the IPO were placed successfully. Ferratum Oyj (together with its consolidated subsidiaries hereafter "Ferratum Group" or "Ferratum") and the selling shareholders fixed the offer price with ICF BANK AG as Sole Global Arranger and Sole Bookrunner and the two Co-Lead Managers, equinet Bank AG and Hauck & Aufhäuser Privatbankiers KGaA at EUR 17 per share, and thus at the upper end of the price range. The total gross proceeds from the IPO are EUR 110.8 million. The order book was considerably oversubscribed.
Ferratum Oyj will issue 2,833,560 new shares with no nominal value from a capital increase against cash contribution and will receive gross proceeds of EUR 48.2 million and net proceeds of EUR 46.0 million. Ferratum will use the proceeds to implement its growth strategy. Furthermore a total of 3,683,628 shares from the holdings of the current shareholders were placed in the IPO (including additional 850,068 shares from Ferratum's two largest shareholders which were used for an over-allotment (Greenshoe)) with maximum gross proceeds to the selling shareholders of EUR 62.6 million due to exercise of the greenshoe option.
The initial listing of Ferratum Oyj's shares on the Prime Standard segment of the regulated market of the Frankfurt Stock Exchange is scheduled to take place on 6 February 2015.
END OF THE AD-HOC ANNOUNCEMENT
Disclaimer
This ad-hoc announcement is not a prospectus pursuant to the applicable capital market rules in Finland or Germany. Any investment decision must be made solely on the basis of the information contained in the prospectus as approved by the Finnish Financial Supervisory Authority and duly published. A prospectus pursuant to Finnish securities laws has been approved by the Finnish Financial Supervisory Authority and duly published and is available at https://www.ferratumgroup.com/, and can be obtained free of charge during normal business hours at the Company's offices in Germany. The prospectus is the only binding offering document in connection with the offering of the company's shares. This ad-hoc announcement contained herein is not binding.
About Ferratum Group:
The Finnish Ferratum Group, a pioneer for mobile micro credits in Europe, offers short-term consumer loans. Ferratum's customers can utilize digital media to apply for consumer credit in amounts varying between EUR 25 and EUR 2,000. Managed by its founder Jorma Jokela, Ferratum has expanded rapidly since it was founded in 2005: Ferratum has 1.0 million active and former customers who have been granted one or more loans in the past and 2.8 million total user accounts in its database (as of 31 December 2014). In the fiscal year 2013 revenues amounted to EUR 58.2 million with an EBIT margin of 12.6%. Ferratum is represented in 20 markets (including Canada) and employs more than 350 people.
Contact:
Ferratum Group
Dr. Clemens Krause, CFO
T: +49 30 88715308
F: +49 30 88715309
M: [email protected]
cometis AG
Henryk Deter | Mariana Kuhn
T: +49 611 20 58 55-61
F: +49 611 20 58 55-66
M: [email protected]
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