PRESS RELEASES
BIOPETROL INDUSTRIES AG:
Placement price fixed at EUR 8.20 per share
NB: Please note the disclaimer at the end of this press release
18 November 2005 - BIOPETROL INDUSTRIES AG today concluded its bookbuilding process in connection with a private placement among qualified investors.
The placement price in connection with the private placement was set at EUR 8.20 per share, or at the upper end of the bookbuilding spread. Trading is scheduled to start next Monday in Deutsche Börse's new “Entry Standard” Open Market quality segment. The issue price amounts to a market capitalisation of around EUR 300 million, making BIOPETROL INDUSTRIES AG the largest stock yet listed in the new segment.
Seven million shares were offered from a capital increase. The issue's proceeds for BIOPETROL INDUSTRIES AG total EUR 57.4 million and are to be used to finance growth. A further 0.8 million existing shares and 1.2 million shares from a greenshoe were placed. The private placement was managed by the Frankfurt investment bank equinet AG.
After the private placement the free float amounts to 24.3% of shares. The remainder are held by members of the Klink family and the management. All existing shareholders have agreed to a 12-month lock-up period.
Disclaimer
This communication is neither an offer to sell nor a request to make an offer
to buy or subscribe to securities. There is no public offering of BIOPETROL
INDUSTRIES AG securities in connection with the IPO in OTC trading at the
Frankfurt Stock Exchange. This communication is not a securities prospectus.
This communication and the information it contains are not intended for direct
or indirect forwarding to or inside the United States of America, Canada,
Australia or Japan.
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