Fluidra sets the price of the IPO at 6.50 euros per share
October 30, 2007The total market value of shares for the company goes up to 732 million
Euros.
Fluidra has planned to open trading at the Barcelona Stock Exchange
Wednesday, October 31 at 12:00 pm.
The Spanish multinational group Fluidra has decided to
set the price of its Initial Public Offering at 6.50 Euros per share, which means a
total market value of shares for the company at 732 million Euros. The decision was
made by consensus with the co-ordinating organisations of the operation: Banc
Sabadell, Citi and Banco Santander.
For Eloi Planes, Fluidra's CEO, the price of 6.50 per share is the best choice
"because it allows the company's titles to run at the opening of trading". The range
of prices, indicative and not binding, has been established between 6.22 and 7.55
Euros per share. Fluidra's Initial Public Offering has been oversuscribed to 3,9
times, which shows, according to Eloi Planes, "the great confidence deposited in us
by all the investors".
Fluidra's Offer is made up of a maximum of 48,981,049 shares, representing
approximately 43.5% of the group's social capital, including the subscription option
("green shoe") for insurance brokers. The Offer will be structured in four sections
directed towards different collectives of investors: retail section, employee section,
Spanish institutional section and international institutional section.
Fluidra has planned to open trading at the Barcelona Stock Exchange Wednesday,
October 31. The emergence on the exchange will afford Fluidra higher visibility in
the markets where it operates and an optimum environment for the future growth of
the company.
Summary of Fluidra's IPO
- Definitive price: 6.50 € per share
- Initial number of shares as part of the IPO: 44,082,943 shares, which can
be expanded to 48,981,049 shares with the greenshoe.
- Free Float: 39.14% expandable to 43.49%, assuming complete use of the
greenshoe.
- International institutional section: 50%
- Spanish institutional section: 19,79%
- Retail section: 29.52%
- Employee section: 0.68%
- Trading opens: 31st October.
- Official negotiation: Exchanges in Madrid, Barcelona, Bilbao and Valencia.
- Co-ordinating organisations: Banc Sabadell, Citi and Banco Santander.
Note
This document is a press release, not a prospectus. Investors should not subscribe or acquire any shares or
any other types of securities mentioned herein except based on the information contained in the prospectus that
will be published by the company at the appropriate time related to the admission to trading of the company
shares on the Spanish Stock Exchanges. Copies of the prospectus are available free of charge at the company
headquarters, at www.fluidra.com and at www.cnmv.es .
This document does not establish and is not part of any offer or invitation to sell or issue and is not an
application for a purchase offer or subscription of company shares. Likewise, no part of this document or its
distribution are part of, or could be used as, a basis for any contract or investment decision and is not a
recommendation as regards company shares.
This communication is directed exclusively at parties outside of the United Kingdom and cannot be used by
parties located in the United Kingdom.
The offer shall not be the object of registration in any country other than Spain, without detriment to the usage of
the international documents normally employed for public knowledge of offers by qualified investors who are not
residents of Spain. In particular, it is herein set on record that the shares that are the object of the offer have not
been and will not be registered under the United States Securities Act of 1933, or approved or turned down by
the Securities and Exchange Commission or by any other United States authority. Consequently, the shares
cannot be the object of offer or sale in the United States except after prior registry under the US Securities Act
or under exemption from this regulation.
Lastly, it is set on record that this document or any copy of the same cannot be taken or sent to the United
States of America, Canada, Australia or Japan or be directly or indirectly distributed in the United States of
America, Canada, Australia or Japan or any resident of any of these countries.