SCHOTT Solar AG
SCHOTT Solar AG sets price range
SCHOTT Solar 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. ---------------------------------------------------------------------- • Price range is between EUR 14.50 and EUR 19.50 per share • Subscription period from September 29, 2008 to October 1, 2008 Mainz, September 29, 2008 – The further details for the planned IPO have been determined by SCHOTT Solar AG, the current shareholder SCHOTT AG as well as the Joint Global Coordinators and Joint Bookrunners Commerzbank, Deutsche Bank and J.P. Morgan. The price range for subscriptions is between EUR 14.50 and EUR 19.50 per share. A total of up to 33,673,684 shares will be offered. This total number breaks down into 28,000,000 shares from a cash capital increase resolved by the company´s general shareholders´ meeting on September 12, 2008, up to 1,473,684 shares held by the current shareholder SCHOTT AG, which will be making these available solely for preferential allocation within the framework of the employee participation program, plus an additional total of up to 4,200,000 shares under a greenshoe option, the latter shares also being provided by the current shareholder. Assuming full placement of the capital increase within the price range now set, SCHOTT Solar AG will achieve gross issue proceeds between EUR 406.0 million and EUR 546.0 million. With all shares fully placed and the greenshoe option fully exercised, the free float will be roughly 40.1 percent. The total issue size will amount to up to EUR 656.6 million. Interested investors may subscribe SCHOTT Solar shares between September 29, 2008 and October 1, 2008. The subscription period expires on October 1, 2008 at 12:00 noon (CEST) for private investors and at 3:00 p.m. (CEST) for institutional investors. The final placement price and the final placement volume will presumably be determined and published on October 1, 2008. The first listing of SCHOTT Solar shares in the Prime Standard of the Frankfurt Stock Exchange is planned for October 2, 2008. The conditions of the offering are defined in the German-language Offering Memorandum approved by the 'Bundesanstalt für Finanzdienstleistungsaufsicht' (Federal Financial Supervisory Authority, 'BaFin') on September 5, 2008 and a supplement which still needs to be approved by the BaFin. The German-language Offering Memorandum is available on the company’s website (www.schottsolar.de) in the Investor Relations section. The supplement will also be published on this website once it has been approved. SCHOTT Solar AG, Hattenbergstrasse, 55122 Mainz ISIN: DE000A0RAS03 Markets: Regulated market in Frankfurt (Prime Standard) – listing planned * * * * NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA. * * * * This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in SCHOTT Solar AG (the 'Shares') may not be offered or sold in the United States of America or to or for the account or benefit of 'U.S. persons' (as such term is defined in Regulation S under the Securities Act of 1933, as amended (the 'Securities Act')) absent registration or an exemption from registration under the Securities Act. The Shares have not been and will not be registered under the Securities Act. No offer or sale of securities is being made to the public outside Germany. In Germany, the offer is made exclusively by means of and on the basis of the German language Offering Memorandum. The German language Offering Memorandum (including any supplement) is available free of charge on the Company's website www.schottsolar.de. On request, it may also be obtained in printed form from the Company (Hattenbergstr. 10, 55122 Mainz) and Commerzbank AG, Kaiserstraße 16 (Kaiserplatz), 60311 Frankfurt/Main, Deutsche Bank AG, Grosse Gallusstraße 10-14, 60311 Frankfurt/Main, J.P. Morgan Securities Ltd., Junghofstraße 14, 60311 Frankfurt/Main, and Landesbank Baden-Württemberg, Am Hauptbahnhof 2, 70173 Stuttgart, during the regular business hours. 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 (as amended) (the 'Order') or (iii) high net worth companies and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as 'relevant persons'). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents. About SCHOTT Solar AG SCHOTT Solar’s high quality products exploit the virtually inexhaustible potential of the sun as a renewable source of energy. For this purpose SCHOTT Solar produces important components for photovoltaic applications and solar energy plants with parabolic trough technology. In the photovoltaic industry, the company is one of the few integrated manufacturers of crystalline silicon wafers, solar cells and photovoltaic modules. Wafer production is mainly carried out through a WACKER SCHOTT Solar joint venture, which ensures the supply of silicon necessary for long-term growth. Thanks to over 20 years of experience in thin-film technology, SCHOTT Solar also regards itself as one of the industry’s cutting-edge companies. In receiver production for solar power plants with parabolic trough technology, SCHOTT Solar considers itself to be the market and technology leader. The receivers are key components in large-scale power plants that generate electricity from solar energy centrally on the basis of parabolic trough technology and can supply entire cities with power. SCHOTT Solar has production facilities in Germany, the Czech Republic, the USA and Spain. SCHOTT Solar’s innovative power and technological expertise date back to the late 1950s. SCHOTT Solar AG is a wholly owned subsidiary of the international SCHOTT technology group. SCHOTT develops special materials, components and systems for the household appliance, pharmaceutical, solar energy, electronics, optical and automotive industries. With around 16,700 employees, the SCHOTT Group generated a worldwide turnover of about 2.1 billion euros in fiscal year 2006/2007. Contact: SCHOTT Solar AG Lars Waldmann Presse und Öffentlichkeitsarbeit Tel: +49 (0)6023 - 91 1811 Fax: +49 (0)6023 - 91 1700 lars.waldmann@schott.com www.schottsolar.de Haubrok Investor Relations GmbH Michael Werneke/Simone Gorny Tel: +49 (0)211 - 30126 109 Fax: +49 (0)211 - 30126 5109 ir.schottsolar@haubrok.de www.haubrok.de 29.09.2008 Financial News transmitted by DGAP ---------------------------------------------------------------------- Language: English Issuer: SCHOTT Solar AG Hattenbergstraße 55122 Mainz Deutschland Phone: +49 (0) 6023 / 91-05 Fax: +49 (0) 6023 / 91-1700 E-mail: ir.schottsolar@haubrok.de Internet: www.schottsolar.com ISIN: DE000A0RAS03 WKN: A0RAS0 Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / designated to be listed End of News DGAP News-Service ---------------------------------------------------------------------------
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