BankM AG
BankM – Repräsentanz der flatex Bank AG: Frequentis share with stable development after successful IPO

NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRI-BUTION OR RELEASE WOULD BE UNLAWFUL. OTHER RESTRICTIONS ARE APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THE PRESS RELEASE.

Frequentis share with stable development after successful IPO

– Total placement volume of around EUR 70 million (pre-IPO and IPO)

– Around 20% retail participation of subscription volume

– Safe-IPO through pre-market placement

Frankfurt, 22 May 2019 – In a volatile market environment, the Frequentis AG share posted a stable performance in the first week of trading following its IPO. At EUR 18.30, the closing price on 21 May 2019 on the Frankfurt Stock Exchange was above the issue price of EUR 18.00. This corresponds to a market capitalization of EUR 241.6 million. In Vienna and on Xetra, the Frequentis share is also trading stable at the level of the issue price.

BankM – Representative office of flatex Bank AG (“BankM”) intensively prepared the IPO of Frequentis AG in the Regulated Market in Frankfurt and Vienna for around one and a half year and successfully accompanied the offering together with Commerzbank as Joint Bookrunner and Joint Lead Manager. Within a pre-IPO placement and a public offering, a total volume of around EUR 70 million was placed with institutional and private investors. Since 14 May 2019, the shares of Frequentis AG are traded under the ticker symbol FQT, the securities identification number (WKN) A2PHG5 and the international securities identification number (ISIN) ATFREQUENT09 on the Regulated Market (General Standard) of the Frankfurt Stock Exchange and on the Regulated Market (prime market) of the Vienna Stock Exchange.

Frequentis AG, founded in Vienna in 1947, stands for solutions making the world a safer place. As an internationally active provider of communication and information systems for control centres with safety-critical tasks, the Frequentis Group develops and markets tailor-made “Control Centre Solutions” in the areas of Air Traffic Management (for civil and military aviation) and Public Safety & Transport (for police, fire brigades, rescue services, shipping and rail). Frequentis employs around 1,850 people worldwide and generated operating revenue of EUR 293.9 million and an EBIT of EUR 15.6 million in 2018. With the IPO, Frequentis aims to further advance the transformation from an owner-managed to a management-driven company and secure the financial independence and flexibility of the group in the long term.

With this aim in mind, BankM structured and prepared the IPO in a risk-averse structure in order to immunize the IPO from unfavorable market conditions. This was particularly important for a company like Frequentis, which requires a high level of reliability as a result of its activities in a safety-critical environment. The basis for the successful project was the pre-IPO placement preceding the public offering as well as the company’s high transparency towards investors and the media as part of the IPO roadshow. The high subscription interest from the retail sector – around 20% of the placement volume of the public offering (including over-allotment) was allocated to private investors from Germany and Austria, with each order being met with around 80% of demand – confirms this.

The placement of Frequentis AG is BankM’s most recent of over 100 transactions with a total volume of around EUR 850 million in the past 2 years. From IPOs to paying agent functions, BankM’s range of services covers the entire spectrum of debt and equity capital procurement for medium-sized companies.

About Frequentis AG:

The Austrian company Frequentis headquartered in Vienna is an international supplier of communication and information systems for control centres with safety-critical tasks. Such ‘control centre solutions’ are developed and marketed by Frequentis in the business sectors Air Traffic Management (civil and military air traffic control, air defense) and Public Safety & Transport (the police, fire brigade, ambulance services, shipping, railways). Frequentis operates a worldwide network of branches, subsidiaries and local representatives in more than 50 countries. Products and solutions from Frequentis can be found in over 25,000 working positions and in about 140 countries. Founded in 1947, Frequentis is, by its own estimation, the global market leader in voice communication systems for air traffic control with a market share of around 30%. Moreover, the Frequentis Group’s systems are globally leading in AIM (aeronautical information management) and aeronautical message handling systems, as well as in GSM-R systems in the field of Public Transport. For further information please see www.frequentis.com.

About BankM – Representative office of flatex Bank AG:

Since 2007, BankM – representative office of flatex Bank AG (Frankfurt am Main, Germany) is the partner of small and medium-sized enterprises and specializing in capital market financing with its experienced, interdisciplinary team. SME customers benefit from individual service and rapid access to selected investors that fit their needs. BankM’s services include capital market advisory, arranging IPOs and capital increases for equity financing, debt advisory and financing, designated sponsoring and research as well as M&A, hereby specializing in the identification of suitable strategic partners in China.

Based in Frankfurt am Main, Germany, BankM is a legally dependent branch of flatex Bank AG and is integrated into the banking and regulatory structures of flatex Bank AG. flatex Bank AG has a full banking license for all types of banking business in compliance with the German Banking Act, underlies the statutory Deposit Guarantee Scheme of the Entschädigungseinrichtung deutscher Banken GmbH (EdB) and also operates as a “white-label bank” (e.g. for ViTrade and flatex). Each year, FinTech Group Bank AG handles over 10 million securities orders and currently has assets under administration of over EUR 12 billion. The balance sheet total is well over EUR 1 billion.

Contact:

Thomas Stewens
BankM – Representative office of flatex Bank AG
Mainzer Landstraße 61
60329 Frankfurt
Germany
Phone: +49 (0) 69 71 91 838-10
Fax: +49 (0) 69 71 91 838-50
Email: pr@bankm.de
Internet: www.bankm.de

Legal notice

This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities. Any such offer is being made solely on the basis of the securities prospectus published as approved by the Finanzmarktaufsichtsbehörde (FMA). The information legally required to be provided to investors is contained only in the securities prospectus. An investment decision with respect to the publicly offered securities of the issuer should be made solely on the basis the securities prospectus. The securities prospectus dated 26 April 2019 is available free of charge on the internet at the website of the issuer www.frequentis.com/IR and during normal business hours at the issuer.

The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or of the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended (“Securities Act”)) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. The securities have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The issuer does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.

No prospectus has been or will be approved for publication in the United Kingdom in respect of the securities to which this publication relates. Consequently, this publication is being distributed only to, and is directed only at, Qualified Investors (as defined below) who (i) are persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”), (ii) are high net worth entities falling within Articles 49(a) to (d) of the Order, or (iii) other persons to whom it may otherwise lawfully be communicated (all such persons together being referred to as “relevant persons”). Furthermore, this publication is only addressed to and directed at persons in member states of the European Economic Area (other than in Germany or Austria) who are “qualified investors” within the meaning of Article 2(1)(e) of the Prospectus Directive (Directive 2003/71/EC as amended) (“Qualified Investors”). Any investment or investment activity to which this publication relates is only available to and will only be engaged in with (i) in the United Kingdom, relevant persons who are also Qualified Investors, and (ii) in any other member state of the European Economic Area (other than in Germany or Austria), Qualified Investors. Any other persons who receive this publication in the European Economic Area (other than in Germany or Austria) should not rely on or act upon it.

This publication is not an offer of securities for sale in Canada, Japan or Australia.