All Stories
Follow
Subscribe to Thielert AG

Thielert AG

Green shoe option for Thielert successfully exercised

Frankfurt, Hamburg (ots)

In relation to the Initial Public
Offering of Thielert Aktiengesellschaft (ISIN DE0006052079 / security
ID number: 605 207), Dresdner Kleinwort Wasserstein has - on behalf
of the syndicate banks Cazenove as Joint Bookrunner and Landesbank
Baden-Württemberg as Co-Manager - due to the high demand successfully
exercised the green shoe option amounting to just under 960,000
shares from existing shares at the issue price of 13.50 euros. As
such, a total of around 53 percent of Thielert outstanding shares are
widely spread. Including green shoe, this equates to around 10.54
million shares. The exercise of the green shoe option on 9 December
2005 also marks the end of the stabilisation period.
The Thielert group founded in 1989 is the world's leading provider
of certified kerosene/diesel jet fuel piston aircraft engines for
general aviation. As a certified development, production and
maintenance company to the aviation industry, Thielert AG became the
world's first company to obtain certification for a jet fuel piston
engine. The jet fuel engines of the CENTURION series reduce direct
flying costs by up to 60 percent compared with conventional piston
aircraft engines. For more than sixteen years, the company has also
been developing and manufacturing components for high-performance
engines in addition to digital engine control systems. For automotive
engineering, defence technology and the aviation industry, it
develops manufacturing strategies for engine components and complete
engine adaptations. For the 2004 business year, Thielert recorded
consolidated net sales of 24.2 million euros (compared with 15.0
euros in 2003) and an EBITDA of 11.3 million euros (compared with 9.9
million euros in 2004). At its German sites in Lichtenstein/Saxony
and Hamburg, the company employs over 220 persons.
Disclaimer
This publication constitutes neither an offer to sell nor a
solicitation to buy securities of Thielert AG. The securities have
already been sold.
Your contact
Sebastian Wentzler
Head of Corporate Communication
Tel.: +49 40 6969 5035
Fax:  +49 40 6969 5050
E-mail:  press@thielert.com

Original content of: Thielert AG, transmitted by news aktuell

More stories: Thielert AG
More stories: Thielert AG