C.A.T. oil AG

euro adhoc: C.A.T. oil AG
Financing, Stock Offerings (IPO)
C.A.T. oil AG announces price range for bookbuilding and offer period

@@start.t1@@--------------------------------------------------------------------------------   Disclosure announcement transmitted by euro adhoc.   The issuer is responsible for the content of this announcement. --------------------------------------------------------------------------------@@end@@


Austrian C.A.T. oil AG (O2C, ISIN: AT0000A00Y78), one of the leading providers of oilfield services in Russia and Kazakhstan, announced details of its pending initial public offering in the Prime Standard segment of the Frankfurt Stock Exchange today. The price range within which the shares may be subscribed in the bookbuilding process is between EUR 12.50 to EUR 15.00 per share. The offer comprises a maximum volume of 19.55 million shares including an over-allotment option (greenshoe) of up to 2.55 million shares. Based on the price range the total volume of the transaction extends from EUR 244 million up to EUR 293 million including the over-allotment option. If the over-allotment option is fully exercised, up to 8.85 million new shares will be issued through a capital increase, and up to 10.70 million shares will be sold by the current sole shareholder CAT. Holding (Cyprus) Ltd. The shares will be offered to investors through a public offering in Germany and Austria and through an international private placement. The IPO is being managed by Dresdner Kleinwort Wasserstein as sole global coordinator and sole bookrunner and by Erste Bank der oesterreichischen Sparkassen AG as co-lead manager.

Interested investors can subscribe the shares of C.A.T. oil AG during the period from April 20, 2006, to May 3, 2006. The offering period ends on May 3, 2006 at 12 p.m. noon CEST for private investors and 2 p.m. CEST for institutional investors. The determination of the final offer price and the allocation is expected to take place on May 3, 2006. The first day of trading of C.A.T.oil shares is scheduled for May 4, 2006. Following the placement of all shares (incl. over-allotment option), the free float of C.A.T. oil AG will amount to around 40 percent.

C.A.T.oil offers a wide range of services for increasing the efficiency and productivity of oil and gas production. The core business of C.A.T.oil is hydraulic fracturing, a process that helps break up rock formations in oil and gas wells, thereby improving the flow of the natural reserves. During the 2005 financial year C.A.T.oil realised consolidated revenues of EUR 157.4 million (previous year EUR 117.0 million) and an EBITDA of EUR 36.5 million (previous year EUR 19.9 million). C.A.T.oil plans to use the proceeds from the offer to strengthen its market positions in Eastern Europe and Asia and to promote sustainable expansion. The company intends to use a significant share of the net proceeds to finance organic growth through the acquisition of new fracturing equipment.

Disclaimer: This document is not a prospectus and does not constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of C.A.T. oil AG. Investors should not subscribe for any shares referred to in this document except on the basis of the information contained in the prospectus, which has been approved by the Austrian Financial Market Authority (FMA) on 19 April 2006 and notified with the German Federal Financial Supervisory Authority (BaFin). A free copy of the prospectus is available to investors on the company’s website www.catoilag.com. Printed copies are available free of charge i.e. from C.A.T. oil AG. This document is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. There will be no public offering of securities in the United States of America. The information contained in this document is not for publication or distribution, directly or indirectly, in or into the United States of America. The information contained in this document is not for publication or distribution in the Russian Federation, Canada, Australia or Japan and does not constitute advertising or an offer in any form of unregistered securities for sale in Russia, Canada, Australia or Japan. This document is directed only at persons outside the U.K. (the "relevant persons"). Each solicitation of an offer, each offer and each agreement to subscribe for, to purchase or to otherwise acquire the securities is directed only at relevant persons and at certain other persons or will be entered into only with relevant persons or certain other persons. Persons who are not relevant persons should not act on the basis of or rely on the information contained therein.

@@start.t2@@end of announcement                                                 euro adhoc 20.04.2006 08:06:27

ots Originaltext: C.A.T. oil AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:
A&B Financial Dynamics
Dr. Lutz Golsch
+49 (0)69 92037-0

Branche: Oil & Gas - Upstream activities
ISIN:      AT0000A00Y78
WKN:        A0IKWU
Börsen:  Frankfurter Wertpapierbörse / admission applied: official

Original-Content von: C.A.T. oil AG, übermittelt durch news aktuell

Weitere Meldungen: C.A.T. oil AG

Das könnte Sie auch interessieren: