DGAP-News: TOM TAILOR plans for a listing as early as March 2010
(firmenpresse) - TOM TAILOR Holding AG / IPO
12.03.2010 13:48
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PRESS RELEASE
TOM TAILOR plans for a listing as early as March 2010
- Management road show starts on 15 March 2010
- Offer period likely to start on 19 March 2010
- Listing expected for 26 March 2010
- Company expects proceeds of approximately EUR 140 million from a capital
increase
- Current majority shareholders will remain invested
Hamburg, 12 March 2010. TOM TAILOR Holding AG, a leading international
lifestyle company, plans its initial public offering (IPO) as early as
March 2010. The share offering will start at the earliest on 19 March and
is likely to extend over four business days. The listing will presumably
take place on 26 March. The price range will be determined during a two
week management road show - likely on 19 March. After successful ompletion
of the IPO, at least 60 percent of the shares are expected to be in free
float.
Road show to market the shares of TOM TAILOR Holding AG begins on 15 March
2010
The IPO of TOM TAILOR Holding AG enters its important stage. Today, the
prospectus has been approved by the German regulator (Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin)). The company will start marketing
its shares during an international management road show commencing on 15
March 2010.
As the IPO follows a so-called 'decoupled process', the price range and
exact scope of the offering will be determined during the road show,
enabling the company to react flexibly to actual demand and determine a
market-based pricing range based on investor feedback. The offering will
consist of up to 24,700,000 shares from a capital increase and, to ensure
that a free float of at least 60 percent (prior to exercise of the
greenshoeoption) can be achieved, the selling shareholders intend to sell
up to 1,000,000 shares. In addition, there will be a greenshoe
of up to 15 percent of the offering volume (capped, however, at 2,470,000
shares from the selling shareholders). At the uppermost, the total offering
size will be a maximumof 27,170,000 shares.
The IPO consists of a public offering to private and institutional
investors domiciled in Germany and an international private placement among
institutional investors outside of Germany and the United States of
America. 'TOM TAILOR is an attractive investment. We are well positioned
and grow quickly. The IPO proceeds will be used to strengthen our financial
position, enabling us to react even more flexibly to market opportunities
and further accelerate growth. We particularly aim at expanding the
controlled distribution space in TOM TAILOR's core markets', said Dieter
Holzer, CEO of TOM TAILOR.
The offer period during which interested investors can subscribe for the
shares is expected to start on 19 March 2010 and will likely extend over
four business days.
At least 60 percent of the shares are expected to be in free float post IPO
After the IPO and before theexercise of a potential greenshoe, at least 60
percent of the shares are expected to be in free float. At the moment, the
majority of TOM TAILOR Holding AG is held by the investment groups Alpha
(57 percent) and Morgan Finance S.A. (38 percent of the shares). Both will
remain TOM TAILOR shareholders after the IPO and further facilitate the
company's growth. The company, Dieter Holzer and the current majority
shareholders agreed on market protection agreements and lock-up periods of
12 months (TOM TAILOR and Dieter Holzer) and 6 months (existing
shareholders) from the day of the listing.
IPO proceeds will be used for international growth and the reduction of
debt
Among others, TOM TAILOR Holding AG plans to use the IPO proceeds to
further expand its controlled distribution space in the company's core
markets Germany, Austria, Switzerland, the Benelux countries and France -
with a special focus on expanding TOM TAILOR retail stores and
shop-in-shops. The lifestyle company intends to accelerate its growth of
the past years while increasing profitability. At the same time, the IPO
proceeds will be used to reduce debt, thereby strengthening TOM TAILOR's
capital structure and financial flexibility. In the context of the IPO, TOM
TAILOR expects proceeds of approximately EUR 140 million from a capital
increase as well as secondary proceeds that will accrue to the existing
shareholders.
Listing of TOM TAILOR shares expected for 26 March 2010
Trading of the shares of TOM TAILOR Holding AG will presumably start on 26
March 2010. The shares will be traded in the Prime Standard of the
Frankfurt Stock Exchange and the regulated market of the Hamburg Stock
Exchange under the symbol TTI. The international securities identification
number (ISIN) of TOM TAILOR Holding AG will be DE000A0STST2, the German
identification number (WKN) will be A0STST. The prospectus for the public
offering has been published today on the Internet on www.tom-tailor.com. A
written copy is available free of charge from the company and the
underwriters.
About TOM TAILOR
TOM TAILOR - Casual fashion for a casual life!
TOM TAILOR Group is a global, vertically integrated lifestyle group
offering fashionable casual wear for men, women, young adults and children
in the middle-income consumer segment. Since its foundation in 1962, the
fashion company and its authentic products are hallmarks of a positive and
carefree attitude towards life. Natural trends, seasonal colours and trendy
highlights reflect the unmistakable key statement of all collections - 12
per year in each of the five product lines. This high-quality fashion
offering is completed by 14 license product groups.
TOM TAILOR combines the emotional added-value of its lifestyle brands with
the strategic advantages of an integrated system provider differentiating
itself through high product quality, democratic fits, attractive features,
swift implementation of new fashion trends and good value for the
customers' money. TOM TAILOR designs and distributes its collections via
wholesale and retail channels.
TOM TAILOR is a dynamic enterprise with a long track record of consistent
growth and expansion: With its 87 own operated stores, the TOM TAILOR
E-Shop, 201 franchise stores, 1,108 shop-in-shops, more than 4,500
multi-label points of sale - in total about 5,900 points of sale selling
the Men Casual, Women Casual, Kids&Minis, Denim Male and Denim Female
product lines - the group at the end of fiscal year 2009 was doing business
in 35 countries. In business year 2009, the TOM TAILOR Group generated
sales of EUR 300.2 million. The company has approximately 740 employees
worldwide.
Press enquiries
Dr. Marc Schumacher
TOM TAILOR Holding AG
Director Corporate Communications
Phone: +49 (40) 58956-217
E-Mail: msm(at)tom-tailor.com
Daniela Weber
HERING SCHUPPENER Consulting
Phone: +49 (69) 92 18 74-66
E-Mail: dweber(at)heringschuppener.com
Additional information is also available on www.tom-tailor.com.
This publication constitutes neither an offer to sell nor a solicitation to
buy securities of TOM TAILOR Holding AG. The offer will be made solely by
means of, and on the base of, the published securities prospectus of TOM
TAILOR. An investment decision regarding the publicly offered securities of
TOM TAILOR Holding AG should only be made on the base of the securities
prospectus. The securities prospectus is available free of charge on the
Company's website http://ir.tom-tailor.com, from the Company's registered
office Garstedter Weg 14, 22453 Hamburg and from the underwriting banks.
This document does not constitute an offer of securities for sale in the
United States of America (the 'U.S.'), Germany, or any other jurisdiction.
Securities may not be offered or sold in the U.S. absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended. TOM TAILOR Holding AG does not intend to register any portion of
the offering in the U.S. or conduct a public offering of securities of TOM
TAILOR Holding AG in the U.S.
This document does not constitute an offer of securities to the public in
the United Kingdom. This announcement is directed only at persons (i) who
are outside the United Kingdom or (ii) who have professional experience in
matters relating to investments falling within article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(as amended) (the 'Order') or (iii) who fall within article 49(2)(a) to (d)
('high net worth companies, unincorporated associations etc.') of the Order
(all such persons 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.
12.03.2010 13:48 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: TOM TAILOR Holding AG
Garstedter Weg 14
22453 Hamburg
Deutschland
Phone: +49 (0) 40 589 56 0
Fax: +49 (0) 40 589 56 398
E-mail: info(at)tom-tailor.com
Internet: www.tom-tailor.com
ISIN: DE000A0STST2
WKN: A0STST
End of News DGAP News-Service
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