MBB Industries AG (ISIN DE000A0ETBQ4) can report further details about the planned listing at the stock exchange of its holding Delignit AG (ISIN DE000A0MZ4B0). The shares of a leading manufacturer of ecological products and system solutions on the basis of the natural wood material Delignit, will be offered in the price range of 8.00 Euro to 10.00 Euro within the framework of the Bookbuilding. The price range was determined on the basis of the feedback from the institutional roadshow of the past days. The subscription period is expected to run from 14 September to 20 September 2007.
The first offering of the shares at the Open Market of the Frankfurt Stock Exchange with a listing on the Entry Standard is planned for 26 September 2007. In total, and including Greenshoe, up to 3,094,300 shares will be offered for subscription. Of these up to 1,350,000 shares stem from a capital increase. MBB Industries AG, which held 100 percent of the shares to date, will issue up to 1,463,000 shares within the scope of the stock exchange flotation, as well as up to 281,300 shares as Greenshoe. After the stock exchange listing, the free float will amount up 49.9 percent.
MBB Industries AG will continue to hold the majority in Delignit AG with at least 50.1 percent and has subjected itself to a market protection agreement - Lock-up - of 12 months(6 months hard lock up and a further 6 months soft lock-up). The flotation at the stock exchange will be accompanied by the VEM Aktienbank AG. Placing partners are comdirect, Cortal Consors, DAB bank AG, as well as E*TRADE Germany. The Volks- and Raiffeisenbanken associated with the WGZ Bank will also accept subscription orders.
With the means from the stock exchange listing Delignit AG plans to expand the existing production capacities, as well as undertake acquisitions. In the first half year 2007 the Delignit Group increased, pro forma its operating performance in comparison with the corresponding previous year period by 27.4 percent to 23.4 million Euros. The EBITDA margin before IPO costs improved to 16.6 percent. In the total year 2006 the pro forma operating performance of the Delignit Group was around 41.5 million Euros with an EBITDA margin of 15.5 percent. In total, the Delignit Group employs more than 1,000 staff at its locations in Germany and Rumania.
The Delignit Group is manufacturer of the material Delignit, which is based on wood. The material convinces through its technical properties such as high strength, bullet proof and fire protection properties. In addition, Delignit’s customers can improve their environmental balance by using this material.
The first offering of the shares at the Open Market of the Frankfurt Stock Exchange with a listing on the Entry Standard is planned for 26 September 2007. In total, and including Greenshoe, up to 3,094,300 shares will be offered for subscription. Of these up to 1,350,000 shares stem from a capital increase. MBB Industries AG, which held 100 percent of the shares to date, will issue up to 1,463,000 shares within the scope of the stock exchange flotation, as well as up to 281,300 shares as Greenshoe. After the stock exchange listing, the free float will amount up 49.9 percent.
MBB Industries AG will continue to hold the majority in Delignit AG with at least 50.1 percent and has subjected itself to a market protection agreement - Lock-up - of 12 months(6 months hard lock up and a further 6 months soft lock-up). The flotation at the stock exchange will be accompanied by the VEM Aktienbank AG. Placing partners are comdirect, Cortal Consors, DAB bank AG, as well as E*TRADE Germany. The Volks- and Raiffeisenbanken associated with the WGZ Bank will also accept subscription orders.
With the means from the stock exchange listing Delignit AG plans to expand the existing production capacities, as well as undertake acquisitions. In the first half year 2007 the Delignit Group increased, pro forma its operating performance in comparison with the corresponding previous year period by 27.4 percent to 23.4 million Euros. The EBITDA margin before IPO costs improved to 16.6 percent. In the total year 2006 the pro forma operating performance of the Delignit Group was around 41.5 million Euros with an EBITDA margin of 15.5 percent. In total, the Delignit Group employs more than 1,000 staff at its locations in Germany and Rumania.
The Delignit Group is manufacturer of the material Delignit, which is based on wood. The material convinces through its technical properties such as high strength, bullet proof and fire protection properties. In addition, Delignit’s customers can improve their environmental balance by using this material.
