08.12.2016
ProCredit Holding AG & Co. KGaA DE0006223407
DGAP-News: ProCredit Holding AG & Co. KGaA: ProCredit Holding prepares to list on the Frankfurt Stock Exchange
DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s):
Miscellaneous/Miscellaneous
ProCredit Holding AG & Co. KGaA: ProCredit Holding prepares to list on the
Frankfurt Stock Exchange
08.12.2016 / 07:00
The issuer is solely responsible for the content of this announcement.
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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA OR JAPAN.
ProCredit Holding prepares to list on the Frankfurt Stock Exchange
- Listing envisaged on the regulated market segment of the Frankfurt
Stock Exchange (Prime Standard)
- Greater flexibility for the ProCredit group to capture attractive
growth prospects
Frankfurt am Main,08 December 2016 - ProCredit Holding AG & Co. KGaA
(ProCredit Holding) today announced its intention to pursue a listing on
the regulated market segment of the Frankfurt Stock Exchange (Prime
Standard) in the coming months. The stock market listing is aimed at
increasing the general flexibility of ProCredit Holding in obtaining access
to new shareholders that would like to participate in the company's growth
plans. The current shareholders support the envisaged listing. No offering
of shares in ProCredit Holding will be made in connection with the intended
listing.
As a profitable, development-oriented commercial banking group for small
and medium-sized enterprises (SMEs), the ProCredit group is exposed to the
highly attractive and growing banking markets of South Eastern and Eastern
Europe. The group is headquartered in Frankfurt/Main and also operates in
Germany and in South America. It pursues a mission of promoting sustainable
development with an ethical corporate culture and long-term business
relationships. The group has demonstrated a track record of consistently
high loan portfolio quality and has been profitable every year since its
creation as a banking group in 2003.
Borislav Kostadinov, Member of the Management Board of ProCredit Holding:
"The envisaged stock market listing takes the success story of ProCredit to
the next level. We believe that this step will further foster our
successful strategy of serving SMEs - the backbone of economic development
in South Eastern and Eastern Europe - as their 'Hausbank'. We are confident
that the stock market listing of ProCredit Holding will facilitate its
access to like-minded investors since we strive to broaden and further
strengthen our international investor base."
From 2013 to 2015, the ProCredit group increased its return on average
equity (RoAE) from 7.7 % to 10.5%. As of 30 September 2016, the group's
total assets amounted to EUR 6.0 billion, the total outstanding loan volume
was EUR 3.6 billion and customer deposits stood at EUR 3.3 billion.
Joh. Berenberg, Gossler & Co. KG acts as the listing agent for ProCredit
Holding AG & Co. KGaA. Econnoa GmbH accompanies ProCredit Holding AG & Co.
KGaA as the listing advisor.
About the ProCredit Group
ProCredit Holding AG & Co. KGaA, headquartered in Frankfurt am Main,
Germany, is the parent company of the international ProCredit group,
comprising banks with a focus on South Eastern and Eastern Europe that have
specialised in serving SMEs. The group is headquartered in Frankfurt/Main
and also operates in Germany and in South America. The core shareholders of
ProCredit Holding AG & Co. KGaA are the strategic investors Zeitinger
Invest and ProCredit Staff Invest (comprising investment vehicles for
ProCredit staff members), the Dutch DOEN Foundation, KfW and the IFC (World
Bank Group). ProCredit Holding AG & Co. KGaA is supervised, on a
consolidated basis, as the superordinated company of the ProCredit Group
pursuant to the German Banking Act by the German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdiensleistungsaufsicht,
BaFin) and by the Deutsche Bundesbank. For additional information, visit:
www.procredit-holding.com.
Contact:
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel: +49 69 95 14
37 138, e-mail: [email protected]
Important Notice
This announcement and the information contained herein is not intended for,
and is not to be made available to, persons in the United States of America
(the "United States"), Australia, Canada or Japan or to persons in any
other jurisdiction in which such distribution or release would be unlawful.
This announcement does not constitute or form a part of any offer or
solicitation to purchase or subscribe for securities, neither in the United
States, Australia, Canada, Japan nor in any jurisdiction regardless of
whether such an offer or solicitation would be unlawful or not.
Any securities discussed in this announcement have not been and will not be
registered under the U.S. Securities Act of 1933, as amended, or under any
applicable securities laws of any state, province, territory, county or
jurisdiction of the United States, Australia, Canada, or Japan.
Accordingly, unless an exemption under relevant securities laws is
applicable, any such securities may not be offered, sold, exercised,
transferred, delivered or distributed, directly or indirectly, in or into
the United States, Australia, Canada, or Japan or any other jurisdiction if
to do so would constitute a violation of the relevant laws of, or require
registration of such securities in, the relevant jurisdiction. Any public
offering of securities would be contained in an offering prospectus that
would contain detailed information about the issuer and the offered
securities, including a discussion of risks, the issuer's business and
relevant financial information.
This announcement is not a prospectus. In the event of a listing, a listing
prospectus will be published promptly upon its approval by the German
Federal Financial Supervisory Authority. Following publication, copies of
such listing prospectus will be available from the website of ProCredit
Holding AG & Co. KGaA ("ProCredit Holding") at http://www.procredit-
holding.com/en/investor-relations.html. Such listing prospectus would
relate solely to the admission to trading of the entire share capital of
ProCredit Holding on the regulated market segment of the Frankfurt Stock
Exchange with simultaneous admission to the sub-segment thereof with
additional post-admission obligations (Prime Standard) of the Frankfurt
Stock Exchange. It will not be approved for use as an offering prospectus
in Germany or any other jurisdiction, and it is not intended to be and does
not constitute or form a part of any offer or solicitation to purchase or
subscribe for securities in any jurisdiction.
The distribution of this announcement may be restricted by law in certain
jurisdictions and persons into whose possession any document or other
information referred to herein comes should inform themselves about and
observe any such restrictions. Any failure to comply with these
restrictions may constitute a violation of the securities laws of any such
jurisdiction.
This announcement may include statements that are, or may be deemed to be,
"forward-looking statements". These forward-looking statements may be
identified by the use of forward-looking terminology, including the terms
"believes", "estimates", "plans", "projects", "anticipates", "expects",
"intends", "may", "will" or "should" or, in each case, their negative or
other variations or comparable terminology, or by discussions of strategy,
plans, objectives, goals, future events or intentions. Forward-looking
statements may and often do differ materially from actual results. Any
forward-looking statements reflect ProCredit Holding's current view with
respect to future events and are subject to risks relating to future events
and other risks, uncertainties and assumptions relating to ProCredit
Holding's business, results of operations, financial position, liquidity,
prospects, growth or strategies. Forward-looking statements speak only as
of the date they are made. Both ProCredit Holding and Joh. Berenberg,
Gossler & Co. KG, and their respective affiliates, expressly disclaim any
obligation or undertaking to update, review or revise any forward looking
statement contained in this announcement whether as a result of new
information, future developments or otherwise.
The information contained in this announcement is for background purposes
only and does not purport to be full or complete. No reliance may be placed
for any purpose on the information contained in this announcement or its
accuracy or completeness. The information in this announcement is subject
to change.
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08.12.2016 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.
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Language: English
Company: ProCredit Holding AG & Co. KGaA
Rohmerplatz 33-37
60486 Frankfurt am Main
Germany
Phone: +49-69-951437-0
Fax: +49-69-951437-168
E-mail: [email protected]
Internet: www.procredit-holding.com
ISIN: DE0006223407
End of News DGAP News Service
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