DGAP-News: va-Q-tec AG sets IPO price range at EUR 11.20 to

DGAP-News: va-Q-tec AG / Key word(s): IPO va-Q-tec AG sets IPO price range at EUR 11.20 to EUR 13.40 per share 20.09.2016 / 16:49 The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN. PRESS RELEASE va-Q-tec AG sets IPO price range at EUR 11.20 to EUR 13.40 per share - Offer volume between EUR 79 million and EUR 84 million based on targeted EUR 45 million of gross primary proceeds and assuming full exercise of the over-allotment option - Free-float after IPO expected to be around 50% - Offer period commences on 21 September 2016 and is expected to end on 29 September 2016 - IPO proceeds will be predominantly used to further expand the "Serviced Rental" of high performance thermal packaging systems and to invest in new production and fulfilment capacities and locations Würzburg, 20 September 2016. va-Q-tec AG (or the "Company", and together with its subsidiaries "va-Q-tec" or the "Group"), in cooperation with Berenberg as Sole Global Coordinator, has determined the terms for its Initial Public Offering ("IPO" or "Offering"). Accordingly, the price range has been set at EUR 11.20 to EUR 13.40 per share. The offer period will commence on 21 September 2016 and is scheduled to end on 29 September 2016 at noon for retail investors and at 14:00 CET for institutional investors. The timetable of the Offering may be shortened or extended. The final offer price will be determined based on a bookbuilding process at the end of the offer period. Trading of the va-Q-tec shares on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange is expected to begin on 30 September 2016. The respective prospectus for the IPO and the admission to trading of the shares of va-Q-tec AG was approved today by the German Federal Financial Supervisory Authority. The Offering consists of initial public offerings in Germany and Luxembourg as well as private placements in certain other jurisdictions outside these countries and outside the United States of America in compliance with Regulation S under the Securities Act, as amended. It includes a primary component of newly issued registered shares with no-par value from a capital increase against contributions in cash ("New Shares") and a secondary component relating to existing registered shares from several current shareholders ("Sale Shares"). va-Q-tec aims to achieve gross primary proceeds of around EUR 45 million through the issuance of up to 4,017,857 New Shares. "We are one of the very few high-tech companies in Germany that have made it from start-up to the stock market in 15 years. During all this time, we have been on a continuous growth path. Within the last three years in particular, we have been able to significantly expand our Healthcare & Logistics business with our Serviced Rental of thermal containers and boxes. This is precisely where we will invest the majority of the IPO- proceeds", says Dr Joachim Kuhn, co-founder and CEO of va-Q-tec AG. The secondary offering relates to up to 2,109,702 Sale Shares. The Offering also comprises a potential over-allotment of up to 919,133 shares from a securities loan ("Greenshoe Shares"). In total, this leads to an adequate free-float size post-IPO of around 50%. Based on the indicative price range and assuming gross primary proceeds of EUR 45 million, full placement of the Sale Shares and full exercise of the over-allotment option, the total offer volume is valued at approximately EUR 79 million to EUR 84 million. The Company will use the main portion of the net primary proceeds to grow its "Serviced Rental" business by expanding its fleet of boxes and containers, and to invest in production and fulfilment capacities and locations, both in Germany and abroad. The remaining portion is to be used for dedicated product development and general R&D purposes as well as for general business development and selective M&A activities. va-Q-tec develops, manufactures and sells highly innovative, energy efficient and space saving VIPs (vacuum insulation panels), high end PCMs (thermal energy storage components) and high performance thermal packaging systems (containers and boxes). Via its global container and box "Serviced Rental" business, va-Q-tec especially addresses the cold chain challenges of the healthcare industry. The Selling Shareholders are subject to 12 months lock-up, and the management have committed to a lock-up period of 24 months starting on the first day of trading. Furthermore, the Company will not issue or sell any further shares for a period of 12 months after the IPO. Detailed information on the IPO is contained in the va-Q-tec securities prospectus which was approved by the German Federal Financial Supervisory Authority (BaFin) today and is available on the Company's website at https://ir.va-q-tec.com. Berenberg is acting as Sole Global Coordinator and Joint Bookrunner to the transaction, with MainFirst Bank as Joint Bookrunner and equinet Bank as Co-Lead Manager. +++ENDS+++ Contact Ursula Querette Instinctif Partners Telephone: +49 89 3090 5189-22 eMail: ursula.querette@instinctif.com About va-Q-tec va-Q-tec is a leading provider of high performance products and solutions in the field of thermal insulation. The Company develops, manufactures and sells innovative, vacuum insulation panels ("VIPs") and phase change materials ("PCMs") for reliable and energy efficient temperature control and insulation. Furthermore, by optimally integrating VIPs and PCMs, va-Q- tec manufactures passive thermal packaging solutions (containers and boxes), which offer constant temperature conditions between 24 and over 200 hours without using external energy sources. Within its rental services business, the company has built a global partner network to provide for an extensive fleet of containers and boxes fulfilling highly demanding thermal protection standards in temperature sensitive supply chains. Besides Healthcare & Logistics as main market, va-Q-tec addresses additional markets such as Appliances & Food, Technics & Industry, Building and Mobility. The strongly growing Company was founded in 2001, and has its headquarters in Würzburg. More information on va-Q-tec under www.va-q- tec.com. Disclaimer This communication constitutes neither an offer to sell nor a solicitation to buy securities. The public offering (in Germany and Luxemburg) will be made solely by means of, and on the basis of, a published securities prospectus. An investment decision regarding the publicly offered securities of va-Q-tec AG should only be made on the basis of the securities prospectus. The securities prospectus is available free of charge from va-Q-tec AG, Karl-Ferdinand-Braun-Str. 7, D-97080 Würzburg, Germany as well as on https://ir.va-q-tec.com. This communication is not for publication or distribution, directly or indirectly, in or into the United States, Canada, Australia or Japan. This communication does not constitute or form part of an offer of securities for sale or solicitation of an offer to purchase securities in the United States, Canada, Australia, Japan, or in any other jurisdiction in which such offer may be restricted. The securities referred to in this communication have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "Securities Act"), and may not be offered or sold in the United States There will be no public offering of securities in the United States or anywhere else, except for Germany and Luxemburg. In the United Kingdom, this communication is directed only at persons who: (i) are qualified investors within the meaning of the Financial Services and Markets Act 2000 (as amended) and any relevant implementing measures and/or (ii) are outside the United Kingdom or (iii) have professional experience in matters relating to investments and fall within the definition of "investment professionals" contained in article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or are persons falling within article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Order, or fall within another exemption to the Order (all such persons referred to in (i) to (iii) above together being referred to as "Relevant Persons"). Any person who is not a Relevant Person must not act or rely on this communication or any of its contents. Any investment or investment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons. Forward-looking statements 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" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Group'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. You should not place undue reliance on forward-looking statements and the Group 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. --------------------------------------------------------------------------- 20.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de --------------------------------------------------------------------------- Language: English Company: va-Q-tec AG Karl-Ferdinand-Braun Str. 7 97080 Würzburg Germany Phone: +49 (0)931 35 942 0 Fax: +49 (0)931 35 942 10 E-mail: info@va-Q-tec.com Internet: www.va-Q-tec.com End of News DGAP News Service --------------------------------------------------------------------------- 503675 20.09.2016