29.11.2016
VARTA AG DE000A0TGJ55
DGAP-Adhoc: VARTA AG* postpones planned IPO
VARTA AG / Key word(s): IPO
29.11.2016 16:25
Disclosure of an inside information according to Article 17 MAR,
transmitted by DGAP - a service of EQS Group AG.
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.
Disclosure of an insider information according to Article 17 MAR
VARTA AG* postpones planned IPO
Ellwangen, November 29, 2016 - VARTA AG, together with its current sole
shareholder Montana Tech Components AG (indirect shareholdings via the
subsidiaries VGG GmbH and ETV Montana Tech Holding GmbH) and the bank
consortium, has decided to postpone the planned IPO of VARTA AG due to the
current unfavorable market environment.
The initial listing of the shares of VARTA AG on the Regulated Market
(Prime Standard) of the Frankfurt Stock Exchange was originally planned for
December 2, 2016. VARTA AG and Montana Tech Components AG will continue to
examine options for financing growth and continue to monitor the market
environment with regard to a possible IPO in the future.
About VARTA AG*
As the parent company of the Group, VARTA AG is active in the business
segments Microbatteries and Energy Storage Solutions through its primary
operating subsidiaries VARTA Microbattery GmbH and VARTA Storage GmbH. As
one of the two largest worldwide manufacturers of hearing aid
microbatteries by volume, which are produced, sold and marketed via the
brand power one as well as via white label for leading hearing aid
manufacturers and battery brands, VARTA Microbattery GmbH is a pioneer in
the microbattery sector. In addition, VARTA Microbattery GmbH strives to
leverage its hearing aid microbattery expertise to the growth market of
rechargeable microbatteries for consumer electronics and a variety of
industrial applications. Through its subsidiary VARTA Storage GmbH, the
Group also focuses on the design, system integration and assembly of
stationary lithium-ion energy storage systems for residential households
and customized battery storage systems for OEM customers. The Group's
operating subsidiaries are currently active in more than 75 countries
around the world with five production and assembly facilities in Europe and
Asia, as well as distribution centers in Asia, Europe and the United
States.
*VARTA AKTIENGESELLSCHAFT and its primary operating subsidiaries,
VARTA Microbattery GmbH and VARTA Storage GmbH, part of the Montana Tech
Components Group, are not the sole successors of the former VARTA AG,
having been split up into three parts in 2002, and, consequently, are not
the sole owners of the VARTA trademarks. The two other independent
successors of the former VARTA AG, Johnson Controls Hybrid and Recycling
GmbH (previously VARTA Automotive GmbH and currently part of the Johnson
Controls Group) and VARTA Consumer Batteries GmbH & Co. KGaA (currently
part of the Spectrum Brands Group) continue to hold VARTA trademark rights
for automotive and partly industrial batteries and consumer batteries,
respectively.
Investor Relations Contact
cometis AG
Henryk Deter / Philipp Oksche
Phone: +49 (0)611 - 205855-35
Fax: +49 (0)611 - 205855-66
e-mail: [email protected]
Disclaimer
This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell, or a
solicitation of an offer to buy, any securities in the United States. Any
securities referred to herein have not been and will not be registered
under the U.S. Securities Act of 1933, as amended (the "Securities Act"),
and may not be offered or sold in the United States absent registration or
pursuant to an available exemption from registration under the Securities
Act. Neither VARTA AKTIENGESELLSCHAFT (the "Company") nor any of its
shareholders intends to register any securities referred to herein in the
United States.
The offer has been made exclusively through and on the basis of a
prospectus that was published in Germany, as supplemented by additional
information related to the offer outside of Germany. No money, securities,
or other consideration was solicited, and, if sent in response to the
information contained herein, was not accepted.
This document does not constitute an offer document or an offer of
securities to the public in the U.K. to which section 85 of the Financial
Services and Markets Act 2000 of the U.K. applies and should not be
considered as a recommendation that any person should subscribe for or
purchase any securities as part of the Offer. This document is being
communicated only to (i) persons who are outside the U.K.; (ii) persons 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) high
net worth companies, unincorporated associations and other bodies who fall
within article 49(2)(a) to (d) 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. This document should not be published, reproduced,
distributed or otherwise made available, in whole or in part, to any other
person without the prior consent of the Company.
Jefferies International Limited, UniCredit Bank AG, HSBC Trinkaus &
Burkhardt AG, Erste Group Bank AG and UniCredit Bank Austria AG have acted
exclusively for the Company and no-one else in connection with the
Offering. They will not regard any other person as their respective clients
in relation to the Offering and will not be responsible to anyone other
than the Company for providing the protections afforded to their respective
clients, nor for providing advice in relation to the Offering, the contents
of this announcement or any transaction, arrangement or other matter
referred to herein.
Jefferies International Limited is authorized and regulated by the
Financial Conduct Authority. UniCredit Bank AG and HSBC Trinkaus &
Burkhardt AG are authorized and regulated by the Bundesanstalt für
Finanzdienstleistungsaufsicht and also supervised by the European Central
Bank. Erste Group Bank AG and UniCredit Bank Austria AG are authorized and
regulated by the European Central Bank (ECB) and by the Austrian Financial
Market Authority.
29.11.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: VARTA AG
Daimlerstraße 1
73479 Ellwangen
Germany
Phone: +49 (0)791-921-0
Fax:
E-mail: [email protected]
Internet: www.varta.com
ISIN: DE000A0TGJ55
WKN: A0TGJ5
Listed: Regulated Market in Frankfurt (Prime Standard)
Notierung vorgesehen / intended to be listed: Frankfurt, Prime Standard
End of Announcement DGAP News-Service
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