DGAP-Adhoc: Snowbird AG: Issue price fixed at upper margin

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News Desk 2018

Sep 24, 2014 at 9:30 AM

DGAP-Adhoc: Snowbird AG: Issue price fixed at upper margin of price range at 6.00 EUR - Approximately 1.6m shares placed mainly with institutional investors - Proceeds from the IPO ensure future profitable growth

Snowbird AG / Key word(s): IPO/Capital Increase 24.09.2014 15:15 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Issue price fixed at upper margin of price range at 6.00 EUR Approximately 1.6m shares placed mainly with institutional investors Proceeds from the IPO ensure future profitable growth Munich, 24.09.2014 - Snowbird AG (International Securities Identification Number: DE000A1PHEL8, German Securities Identification Number: A1PHEL, Ticker Symbol 8S9), one of the leading companies in down processing and manufacturing of high quality down, down clothing and down bedding, closed its subscription period today as scheduled. Based on the orders received the Snowbird management together with the Global Coordinator & Lead Manager, CM-Equity AG, set the issue price for the Snowbird shares at 6.00 EUR which is at the upper limit of the price range (5.50 to 6.00 EUR). First Trading Day The first day of trading of Snowbird AG shares in the Prime Standard Segment of the Frankfurt Stock Exchange is scheduled for next Monday, 29 September 2014. Capital increase During the subscription period 1,583,334 shares could be placed mainly with institutional investors. Retail investors count for approximately 20 percent of the placements. The distribution between investors from Asia and Europe is approximately 50:50. The free float after listing will be approximately 22 percent. After the IPO capital increase the nominal capital of Snowbird AG is 31,583,334 EUR divided into 31,583,334 shares. The derived company value therefore is ca. 190m EUR. Use of IPO proceeds Supported by existing credit lines the gross proceeds from the IPO of 9.5m EUR ensure financing the expansion of the existing production capacity as scheduled and increase the working capital, especially inventories and receivables. Yan Changzai, CEO and founder of Snowbird: "During the last weeks we had excellent meetings with many high-profile institutional investors in Asia and Europe. Additionally we had fruitful meetings with potential European B2B partners that help us to enter the European market. We thank all the investors who believe in our equity story and gave us their confidence. We will not disappoint you. With the successful Initial Public Offering we set the next step for our expansion strategy within China and towards Europe. The listing in Frankfurt is a milestone in Snowbird's history. Snowbird is a mid-size and family-owned company. Together with my colleagues and my family, I will continue our strong efforts to further develop the company to become the global leading down processor." The transaction was accompanied by CM-Equity AG as Global Coordinator and Lead Manager. The Company's investor relations adviser is max. Equity Marketing GmbH. Service The prospectus, approved by BaFin, as well as additional information about the company and the IPO are provided on the new Snowbird website www.snowbird-ag.com Snowbird AG - one of largest down processing companies worldwide Snowbird is one of the world's leading down processors and known for high quality down-filled textiles and for down bedding, down duvets and down pillows. With its new state of the art production facility, located in China, Henan Province, the company is able to process down at highest quality standards in a sustainable and environmental friendly way. Snowbird operates very profitable along the value chain from down processing to down clothing and down bedding production. Products are sold under the brands "Snowbird" or "Xueniao" or produced as white label based on orders from third parties. Investor Relations Contact Please direct all your requests to: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 80331 Munich, Germany Tel: +49 89 139 28890 E-Mail: ir@snowbird-ag.com IMPORTANT NOTE - Disclaimer This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Snowbird AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). Furthermore, the shares may not be offered or sold in Japan or to or for the account or benefit of Japanese citizens. No offer or sale of transferable securities is being made to the public outside Germany and Luxembourg. The offer in Germany and Luxembourg will be made exclusively by means of and on the basis of a prospectus published on the company's website www.snowbird-ag.com and available free of charge at CM-Equity AG, Munich. 24.09.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Snowbird AG c/o HRG Hansische Revisions-Gesellschaft mbH, Ferdinandstr. 25 20095 Hamburg Germany Phone: +49 89 139 28890 Fax: E-mail: ir@snowbird-ag.com Internet: www.snowbird-ag.com/de ISIN: DE000A1PHEL8 WKN: A1PHEL Listed: Regulierter Markt in Frankfurt (Prime Standard) Notierung vorgesehen / intended to be listed End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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