DEVIL AG
DEVIL AG offers shares at EUR 6.00 to EUR 9.00
DEVIL AG / IPO Release of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Braunschweig, May 7, 2008 – DEVIL AG, one of Germany’s leading IT distributors, is offering its shares for subscription in a price range of EUR 6.00 to EUR 9.00 as part of its IPO. The company and an existing shareholder have set the price range together with quirin bank AG. The shares can be subscribed during the offering period from May 8 to May 14, 2008. The capital increase thus has a volume of between EUR 15.0 million and EUR 22.5 million. The Braunschweig-based IT distributor plans to primarily use the proceeds of the issue to finance its further growth. Up to 2,500,000 new, no-par value bearer shares will be offered from a capital increase as part of the IPO. In addition, up to 350,000 further shares are available from the holdings of an existing shareholder in view of a possible overallotment ('greenshoe'). After the successful placement of the new shares, the company's share capital will total up to EUR 7,500,000. If the new shares are fully placed and if the greenshoe option is fully exercised, the free float will total 38%. Initial listing for DEVIL's shares on the Frankfurt Stock Exchange's regulated market (Prime Standard) is scheduled for May 20, 2008. (End of ad hoc disclosure) Disclaimer 'This disclosure and all information contained within may not be delivered or transmitted within the United States or to US Persons (as according to Regulation S of the Securities Act of 1933, and thus including legal entities). It is also not intended for distribution or transmission by general circulation publications within the United States. Any breach of this limitation may substantiate a violation against United States securities laws. Shares of DEVIL AG are not and will not be registered under US Securities Regulations, and will not be sold, issued or offered for sale to US Persons or in the USA without this registration or exemption from the registration requirement. This disclosure does not constitute an offer to subscribe for or purchase shares. The offering is made exclusively via and on the basis of DEVIL AG's published stock offering prospectus. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: Company Profile DEVIL, founded in 1994 and headquartered in Braunschweig, is one of the largest IT distributors in Germany. The company initially specialized in memory chips and has since developed into a high standard full-range provider of IT software and hardware. DEVIL is a preferred partner of around 130 IT manufacturers and distributors including international and prestigious manufacturers such as Microsoft, Samsung, ASUS and LG. The company’s most important target market is specialized retail trade. DEVIL supplies some 7,000 of the almost 15,000 specialized dealerships in Germany with hardware components and peripherals as well as selected software solutions. The company’s main business units are IT Distribution and IT Logistics & Services, which has just been set up. The latter provides foreign IT manufacturers logistics services including warehousing and distributing to resellers via a wholly owned DEVIL subsidiary. DEVIL recorded revenues of approximately EUR 322 million in fiscal year 2006/07 with EBIT of EUR 2.0 million. Contact Investor relations cometis AG Ulrich Wiehle Phone: +49(0)611 – 205855-11 Fax: +49(0)611 – 205855-66 E-mail: ir@devil.de 07.05.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: DEVIL AG Kocherstraße2 38120 Braunschweig Deutschland Phone: +49 (0)531 215 400 Fax: +49 (0)531 215 40 999 E-mail: info@devil.de Internet: www.devil.de ISIN: DE000A0MM6F1 WKN: A0MM6F Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
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