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Klöckner & Co SE

euro adhoc: Klöckner & Co AG
Financing, Stock Offerings (IPO)
Klöckner & Co Aktiengesellschaft
IPO
offer price
offer size Book-building successfully completed: Klöckner & Co Aktiengesellschaft determines offer price and offer size

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
27.06.2006
Ad hoc announcement pursuant to Sec. 15 WpHG (German Securities
Trading Act), dated June 27, 2006 Klöckner & Co Aktiengesellschaft /
IPO / offer price / offer size Book-building successfully completed:
Klöckner & Co Aktiengesellschaft determines offer price and offer
size
Duisburg, June 27, 2006 - Today, Klöckner & Co Aktiengesellschaft,
the selling shareholder Multi Metal Investment S.à r.l. and the Joint
Bookrunners UBS Investment Bank, Deutsche Bank und JPMorgan jointly
determined the offer price at EUR 16.00 per share.
10.000.000 shares are being placed from the holdings of the selling
shareholder, 6.500.000 new shares from a capital increase and further
2.000.000 additional shares from the holdings of the selling
shareholder in connection with overallotments. The total offer size
is EUR 264 million and 296 EUR million if the greenshoe option is
fully exercised. At the offer price the Klöckner & Co shares were
oversubscribed.
The company will receive gross proceeds of EUR 104 million from the
placement of the new shares from the capital increase. The free float
will be approximately 40 percent, if the greenshoe option is fully
exercised.
The shares of the selling shareholder and of the management are
subject to a lock-up agreement for a period of twelve months
following the delivery of the shares (closing). First day of trading
will be June 28, 2006.
This publication is not for direct or indirect distribution in or
into the United States (including its territories and outlying areas,
any State of the United States and the District of Columbia). This
publication does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities. The shares of
Klöckner & Co AG referred to herein (the "Shares") may not be offered
or sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
"Securities Act"). The Shares have not been, and will not be,
registered under the Securities Act and will not be publicly offered
anywhere outside Germany. The offer in Germany will be made
exclusively by means of and on the basis of a prospectus and the
supplement No. 1 to the prospectuses, that have been published. That
prospectus and the supplement No. 1 have been made available on the
company website at www.kloeckner.de. The prospectus and the
supplement No. 1 to the prospectus are available in printed form free
of charge from the company and the Joint Bookrunners.
This ad hoc announcement does not constitute an offer of securities
to the public in the United Kingdom. This ad hoc announcement is
directed only at (i) persons who have professional experience in
matters relating to investments and who fall within Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") or (ii) persons falling within Article
49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the Order or to whom it may otherwise lawfully
be communicated (all such persons together being referred to as
"relevant persons") or in circumstances in which section 21 of the
FSMA does not apply to the Company. Any person who is not a relevant
person must not act or rely on this communication or any of its
contents.  Any investment or investment activity to which this
communication relates is available only to relevant persons and will
be engaged in only with relevant persons.
end of announcement                               euro adhoc 27.06.2006 22:47:38

Further inquiry note:

Claudia Uhlendorf
Public Relations
Telefon: +49(0)203-307-2289
E-Mail: claudia.uhlendorf@kloeckner.de

Branche: Metal Goods & Engineering
ISIN: DE000KCO1000
WKN: KCO100
Börsen: Frankfurter Wertpapierbörse / admission applied: official
dealing

Original-Content von: Klöckner & Co SE, übermittelt durch news aktuell

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