JJ Auto AG
JJ Auto AG: Placement price for shares set at 7.17 Euros and 29.99 Polish Zloty
JJ Auto AG / Key word(s): IPO 04.06.2014 10:20 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- JJ Auto AG: Placement price for shares set at 7.17 Euros and 29.99 Polish Zloty * Placement price of 7.17 Euros or 29.99 Polish Zloty fixed for the new shares * Placement of 100,240 shares as part of the public offer * Listing expected to take place on June 16, 2014 Berlin, June 04, 2014 - JJ Auto AG (together with its subsidiaries hereinafter "JJ Auto"), a dynamically growing manufacturer and supplier of automotive parts for commercial and heavy-duty vehicles in the Chinese market, has decided in liaison with its Sole Lead Manager ACON Actienbank AG, Munich, on an offer price of 7.17 Euros or 29.99 Polish Zloty (exchange rate as of May 15, 2014: 4.1824 PLN per 1 Euro) for the offered shares in the IPO. Thus the placement price is in the upper half the book building range between 6.75 and 7.50 Euros or 28.23 and 31.37 Polish Zloty. JJ Auto placed a total of 100,240 no par value bearer shares in the context of a public offering in Germany and Poland. Thus, the company will receive gross proceeds of around 0.7 million Euros. JJ Auto shares are expected to be traded on the Regulated Market (General Standard) of the Frankfurt Stock Exchange under the ISIN DE000A1TNS70, the German Securities Identification No. (WKN) A1TNS7 and the ticker symbol JJO. In Poland the JJ Auto shares are expected to be traded on the Regulated Market (Parallel Market) of the Warsaw Stock Exchange. Commencement of trading is expected to be on June 16, 2014. --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: 'Although we had to face a difficult capital markets environment and shares of JJ Auto enjoyed less attention than expected, this does not change our decision concerning the IPO in Frankfurt and Warsaw. Furthermore, JJ Auto deliberately decided not to exploit the full demand at the lower end of the price range and allot shares to investors that showed high trust in our company. We confirm our announcement regarding the investment plans and will finance them with our own resources. As we pointed out at the beginning of the subscription period, the listing on the stock exchanges in Frankfurt and Warsaw gives us prestige and enhances our credibility in the Chinese market. That's why we will do our best to meet the expectations of our shareholders', said Clement Hoo, CFO of JJ Auto. Additional information: ISIN: DE000A1TNS70 Securities Identification No. (WKN): A1TNS7 Ticker Symbol: JJO Listing requested: Regulated Market / General Standard at Frankfurt Stock Exchange in parallel: Regulated Market / Parallel Market at Warsaw Stock Exchange Legal seat of the Company: Germany For further information, please contact: Kirchhoff Consult AG Anja Ben Lekhal Tel: +49(0) 40 609 186 55 Mail: anja.benlekhal@kirchhoff.de Or visit http://www.jj-auto.de/en Disclaimer This publication constitutes neither an offer to sell nor a solicitation to buy securities. The offer will be made solely by means of and on the basis of a securities prospectus, which will be published after approval by the German Financial Supervisory Authority (BaFin). An investment decision regarding the publicly offered securities of the issuer should only be made on basis of the published prospectus. 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. The shares in JJ Auto AG have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and are not being and will not be offered or sold in the United States of America. This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order') or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as 'qualified persons'). All securities referred to herein are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, qualified persons. Any person who is not a qualified person should not act or rely on this document or any of its contents. The public offer in Poland and Germany will solely be made by means of and on the basis of a securities prospectus. The securities prospectus will be available at the Company's website under http://www.jj-auto.de/en and at the premises of JJ Auto AG, Berlin, and ACON Actienbank AG, Munich. 04.06.2014 DGAP's 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: JJ Auto AG Unter den Linden 14 10117 Berlin Germany Phone: +49 (0)30 72616 8000 Fax: +49 (0)30 72616 8001 E-mail: jj-auto@kirchhoff.de Internet: www.jj-auto.de ISIN: DE000A1TNS70 WKN: A1TNS7 Listed: Regulierter Markt in Frankfurt (General Standard) Notierung vorgesehen. / Intended to be listed. End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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