CBR Service GmbH
CBR postpones planned IPO
CBR Fashion Holding AG / Key word(s): IPO 01.07.2015 07:39 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. CBR postpones planned IPO Celle, 1 July 2015 - CBR Fashion Holding AG ("CBR") and the company's current owner EQT have decided to postpone the planned initial public offering ("IPO") of the Company due to the recent events relating to the economic situation of Greece and their effects on broader financial markets. CBR together with EQT will continue to evaluate the market environment regarding a potential IPO in the future. About CBR Fashion Group CBR Fashion Group was founded in 1980 and today is a major fashion group in the large German women's mainstream market, with a broad geographical footprint and two well-established brands, Street One and CECIL. With revenues of EUR 609.2 million in 2014, CBR is one of Germany's major womenswear players. CBR has about 1,000 employees (as of 31 March 2015) and operates in 19 countries across Europe. For further information, please visit www.cbr.de Contact Julia Mandrión Soria CBR Fashion Holding AG Hunäusstr. 5 29227 Celle / Germany communication@cbr.de Tel: +49 (5141) 998 2256 Fax: +49 (5141) 998 400 Alexander Styles CNC - Communications & Network Consulting Ltd. Alexander.Styles@cnc-communications.com Tel: +44 (203) 81 799 21 NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN. Disclaimer These materials may not be published, distributed or transmitted, directly or indirectly, in or into the United States, Canada, Australia or Japan. These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities of CBR Fashion Holding AG (the "Company") in the United States, Germany or any other jurisdiction. The securities of the Company 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 securities of the Company have not been, and will not be, registered under the Securities Act or under the applicable securities laws of Australia, Canada or Japan. Any offer will be made solely by means of, and on the basis of, a securities prospectus which is published on the Company's website. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of such a securities prospectus that may be obtained from the Company and that contains detailed information about the Company and its management, as well as financial statements. The securities prospectus has been approved by the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and is available free of charge from CBR Fashion Holding AG, Hunäusstraße 5, 29227 Celle, Germany, or on the Company's website. The distribution of this announcement may be restricted by law in certain jurisdictions. Persons into whose possession any document or other information referred to herein comes, should inform themselves about, and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement may include statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements may be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "plans", "projects", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. Forward-looking statements may, and often do, differ materially from actual results. Any forward-looking statements reflect the Company's current view with respect to future events and are subject to risks relating to future events and other risks, uncertainties and assumptions relating to the Company's business, results of operations, financial position, liquidity, prospects, growth or strategies. Forward-looking statements speak only as of the date they are made. Each of the Company, the Joint Global Coordinators, the Joint Bookrunners and the Co-Lead Managers (all banks together, the "Underwriters"), and their respective affiliates expressly disclaims any obligation or undertaking to update, review or revise any forward looking statement contained in this announcement whether as a result of new information, future developments or otherwise. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed for any purpose on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. This announcement does not constitute a recommendation concerning the potential offering of securities described in this announcement (the "Offering"). Acquiring investments to which this announcement relates may expose an investor to a significant risk of losing the entire amount invested. Potential investors should consult a professional advisor as to the suitability of the Offering for the person concerned. The Underwriters are acting exclusively for the Company and noone else in connection with the Offering. They will not regard any other person as their respective clients in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, nor for providing advice in relation to the Offering, the contents of this announcement or any other matter referred to herein. In connection with the Offering, the Underwriters and any of their affiliates, acting as investors for their own accounts, may subscribe to or purchase securities of the Company and may otherwise deal for their own accounts. Accordingly, references in the Prospectus to the securities being issued should be read as including any issue or offer to the Underwriters and any of their affiliates acting as investors for their own accounts. In addition, a certain number of the Underwriters or their respective affiliates may enter into financing arrangements and swaps with investors in connection with which such Underwriters (or their affiliates) may from time to time acquire, hold or dispose of the Company's shares. The Underwriters do not intend to disclose the extent of any such investment or transactions other than in accordance with any legal or regulatory obligations to do so. None of the Underwriters or any of their respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for - or make any representation or warranty, express or implied - as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or, with limited exception, other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. 01.07.2015 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: CBR Fashion Holding AG Hunäusstraße 5 29227 Celle Germany Phone: + 49 (5141) 998-0 Fax: + 49 (5141) 998-400 E-mail: communication@cbr.de Internet: www.cbr.de ISIN: DE000CBR1111 WKN: CBR111 Listed: Regulated Market in Frankfurt (Prime Standard) Notierung vorgesehen / intended to be listed (Prime Standard, Frankfurt) End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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