Reinach (pta007/12.05.2021/07:00) - Veuillez trouver toutes les informations sur le CP "Fixe le prix" en langue française dans le PDF ci-joint.
Montana Aerospace AG (the "Company") and its operating subsidiaries (the "Group" or "Montana Aerospace"), a leading, highly-vertically integrated manufacturer and supplier of system components and complex assemblies for the aerospace, e-mobility and energy sectors with worldwide engineering and manufacturing operations, today announced the pricing of its initial public offering (IPO) at CHF 25.65 per share. The shares will be listed and start trading under the ticker symbol "AERO" on the SIX Swiss Exchange (International Reporting Standard) today.
_ Offer price set at CHF 25.65 per share, implying a market capitalization of approximately CHF 1.2 billion (approximately EUR 1.1 billion)
_ Gross proceeds of approximately CHF 440 million (approximately EUR 400 million) generated by issuing 17,153,997 new shares
_ Total offering volume of approximately CHF 506 million (approximately EUR 460 million), including an over-allotment of 15% of the base offering
_ The free float amounts to approx. 36.4 % before any exercise of the Greenshoe option and 41.8 % if the Greenshoe option is exercised in full
_ The shares of Montana Aerospace will be listed and start trading on SIX (International Reporting Standard) today
"'Swiss Technology' stands for ground-breaking innovation and the highest standard of quality," explained Markus Nolte, CEO of Montana Aerospace. "Montana Aerospace, which started out as a Swiss extrusion specialist, is a global leader today in the aerospace, e-mobility and energy sectors. Our strong commitment to profitable growth, transparency and ESG leadership has helped us win investors. By listing on SIX, we are going back to our Swiss roots and also raising the funds we need to continue our successful strategy."
In total, 19,727,096 shares were placed with investors. 17,153,997 shares were newly issued, generating CHF 440 million (approximately EUR 400 million) in gross proceeds for the Company. An additional 2,573,099 existing shares from the holdings of Montana Tech Components AG were allocated in the context of the over-allotment.
Based on the offer price, Montana Aerospace’s implied market capitalization is approximately CHF 1.2 billion (approximately EUR 1.1 billion). The free float amounts to approximately 36.4 % before any exercise of the over-allotment option. Assuming full exercise of the Greenshoe option, the free float will amount to approximately 41.8 %. Montana Tech Components AG will remain a majority shareholder in the Company with a stake of approximately 58.2 %. On the basis of guaranteed allocations in exchange for their pre-commitments, a total of approximately CHF 124.3 million (approximately EUR 113 million)), were allocated to (i) funds advised by Capital International Investors (approximately CHF 88 million / approximately EUR 80 million) and (ii) M&G Investments (approximately CHF 36.3 million / approximately EUR 33 million).
Montana Aerospace intends to use the net proceeds from the issuance of new shares predominantly (approximately 60%) for inorganic growth programmes through strategic acquisitions to further consolidate the supply chain with the aim of unlocking attractive synergies and returns. The Group generally pursues a clear target list discussed with OEMs / Tier-1s with the intention of further strengthening collaboration and driving the integration of mission-critical services and products into the Group’s existing value chain. The remaining part of the net proceeds (approximately 40%) will be used for further organic growth activities, with the majority being backed by contracts that had already been started before the announcement of the IPO.
A lock-up period of twelve months is agreed with the Company and those members of the management holding shares, and a lock-up period of 24 months applies to the current sole shareholder Montana Tech Components AG.
Trading on the SIX Swiss Exchange (International Reporting Standard) will start today, 12 May 2021, under the Swiss Securities Number (Valor) 111 042 565, the International Securities Identification Number (ISIN) CH1110425654 and the ticker symbol "AERO".
Joh. Berenberg, Gossler & Co KG acted as Sole Global Coordinator and Joint Bookrunner, with Commerzbank AG and Zürcher Kantonalbank as further Joint Bookrunners.
In connection with the offering, the Sole Global Coordinator or any person acting on its behalf may, on behalf of the Joint Bookrunners, effect transactions with a view to relieving selling pressure by supporting the market price of the shares for 30 calendar days after the first day of trading, until and including 10 June 2021, at levels less than or equal to the offer price within the limitations of Article 126 of the Financial Market Infrastructure Ordinance (Finanzmarktinfrastrukturverordnung).
Head of M&A and Investor Relations
Marc Vesely recte Riha
Phone: +43 664 61 26 261
E-mail: email@example.com (mailto:firstname.lastname@example.org)
Phone: +49 89 59 94 58-137
About Montana Tech Components AG
Montana Tech Components AG, founded in 2006, is a globally active industrial group focusing on key technologies in future markets. The companies of the growth-oriented group hold a leading position in their field of activities. By focusing on selected key technologies, market leadership, and continuous innovation, MTC pursues a sustainable growth strategy in its divisions – VARTA AG, Aluflexpack AG and Montana Aerospace AG. The Group generated sales worth EUR 1.72 billion in 2020 and is represented at 83 locations in 34 countries worldwide. It currently employs a total of around 10,700 highly qualified staff members.
About Montana Aerospace AG
Montana Aerospace AG is a leading producer of system components and complex assemblies for the aerospace industry, with worldwide engineering and manufacturing operations. The Company has approximately 4,800 highly skilled employees at 28 locations on four continents – designing, developing and producing ground-breaking technologies for tomorrow’s aerospace, e-mobility and energy industries out of aluminium, titanium, composite, copper and steel.
The information contained herein is not for release, directly or indirectly, in or into the United States of America, Canada, Australia, Japan or any other jurisdiction where to do so would be unlawful. This document (and the information contained herein) does not contain or constitute an offer of securities for sale, or solicitation of an offer to purchase securities, in Canada, Australia or Japan or any other jurisdiction where such an offer or solicitation would be unlawful. In particular, this document is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"), or an exemption from registration. The securities referred to herein have not been and will not be registered under the Securities Act. No public offering of the securities has been or will be made in the United States.
None of the underwriters or any of their respective subsidiary undertakings, affiliates or any of their respective directors, officers, employees, advisers, agents, alliance partners or any other entity or person accepts any responsibility or liability whatsoever for, or makes any representation, warranty or undertaking, express or implied, as to the truth, accuracy, completeness or fairness of the information or opinions in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Group, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith. Accordingly, each of the underwriters and the other foregoing persons disclaim, to the fullest extent permitted by applicable law, all and any liability, whether arising in tort or contract or that they might otherwise be found to have in respect of this announcement and/or any such statement.
This communication is not an offer to sell or a solicitation of offers to purchase or subscribe for securities. This communication is not a prospectus within the meaning of the Swiss Financial Services Act (the "FinSA") and will not be reviewed by any competent authority. Any offer of securities of the Company will be made solely by means of, and on the basis of, a prospectus that will contain, among others, detailed information about the Company and its management, the offered securities (specifically the associated rights, obligations and risks) as well as the offer itself.This communication constitutes advertising in the sense of article 68 of the FinSA. Such advertisements are communications to investors aiming to draw their attention to financial instruments. Any investment decisions with respect to any securities should not be made based on this advertisement. Any person considering the purchase of any securities of the Company must inform itself independently based solely on such prospectus (including any supplement thereto). The prospectus, which has been approved by a reviewing body recognised by the Swiss Financial Market Supervisory Authority FINMA, is available free of charge at Montana Aerospace AG, Alte Aarauerstrasse 11, 5734 Reinach (AG), Switzerland (email: email@example.com (mailto:firstname.lastname@example.org)). Investors are furthermore advised to consult their bank or financial adviser before making any investment decision.
This document does not constitute an "offer of securities to the public" within the meaning of Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the "UK Prospectus Regulation") of the securities in the United Kingdom (the "UK"). Any offers of the securities in the UK will be made pursuant to an exemption under the UK Prospectus Regulation from the requirement to produce a prospectus for offers of the securities. In the UK, this document is only addressed to qualified investors within the meaning of the UK Prospectus Regulation. In addition, this document is only being distributed to and is only directed at (i) persons who are outside of 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 "FSMA Order") or (iii) persons falling within articles 49(2)(a) to (d), "high net worth companies, unincorporated associations, etc." of the FSMA Order, and (iv) persons to whom an invitation or inducement to engage in investment activity within the meaning of section 21 of the Financial Services and Markets Act 2000 may otherwise be lawfully communicated or caused to be communicated (all such persons together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, 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.
This document does not constitute an "offer of securities to the public" within the meaning of Regulation (EU) 2017/1129 of the European Union, as amended (the "Prospectus Regulation") in any member state of the European Economic Area (the "EEA"). Any offers of the securities to persons in the EEA will be made pursuant to an exemption under the Prospectus Regulation from the requirement to produce a prospectus for offers of the securities. In any member state of the EEA, this document is only addressed to qualified investors in that relevant member state within the meaning of the Prospectus Regulation.
Statements contained herein may constitute "forward-looking statements". Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal", "aim" or "target" or the negative of these words or other variations on these words or comparable terminology.
Forward-looking statements involve a number of known and unknown risks, uncertainties and other factors that could cause the Company’s or its industry’s actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. The Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.(end)