22.12.2016
ProCredit Holding AG & Co. KGaA DE0006223407
DGAP-News: ProCredit Holding AG & Co. KGaA: First day of trading on the Frankfurt Stock Exchange
DGAP-News: ProCredit Holding AG & Co. KGaA / Key word(s): Miscellaneous
ProCredit Holding AG & Co. KGaA: First day of trading on the Frankfurt Stock
Exchange (news with additional features)
22.12.2016 / 11:42
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.
First day of trading on the Frankfurt Stock Exchange
- As of today, the holding company of the international ProCredit group
of banks is listed on the Regulated Market (Prime Standard) of the
Frankfurt Stock Exchange
- Trading commenced with an initial price of EUR 12.29
Frankfurt am Main, 22 December 2016 - ProCredit Holding AG & Co. KGaA
(ProCredit Holding), the holding company of the international ProCredit
group (ProCredit), which consists of banks for small and medium enterprises
(SMEs) and mainly operates in the attractive and growing banking markets of
South Eastern and Eastern Europe, has successfully completed the planned
admission to trading of its entire share capital on the Frankfurt Stock
Exchange. As of today, 53,544,084 shares of ProCredit Holding (ISIN
DE0006223407 / WKN 622340) are being traded on the Regulated Market (Prime
Standard) of the Frankfurt Stock Exchange. The initial share price was EUR
12.29.
Borislav Kostadinov, member of the Management of ProCredit Holding, was
pleased to announce: "Today, the Frankfurt-based ProCredit group proudly
marks another milestone in its successful development since its
establishment as a banking group in 2003. With this listing on the
Frankfurt Stock Exchange, we are opening ourselves up to investors that can
identify with our unique approach to banking and the ethical corporate
mission implemented and lived by our extremely well-trained client
advisers. We are a young, modern and highly integrated banking group that
is very well established in the banking sectors of the emerging economies
in South Eastern and Eastern Europe as a "Hausbank" for the region's SMEs.
We believe in economic development that is in line with ecological and
social criteria. We place great value on fostering entrepreneurship by
collaborating with formalised, forward-looking SMEs that have sustainable
business models. With our listing on the Prime Standard of the Frankfurt
Stock Exchange, we further emphasise our commitment to transparency, which
has always characterised our company along its consistently profitable
development path."
The ProCredit group, headquartered in Frankfurt am Main comprises banks
with a focus on South Eastern and Eastern Europe and is also active in
Germany and South America. It has a proven track record of consistently
high loan portfolio quality and has been profitable every year since its
creation as a banking group.
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.
Adjusted for the positive effect of the capital increase by EUR 31.9
million of ProCredit Holding in November 2016 (assuming regulatory
recognition) and of the sale of Banco PyME Los Andes ProCredit S.A. in
Bolivia, which closed on December 14, 2016, the CET1 ratio (fully loaded)
amounted to 12.3% as of September 30, 2016. The aforementioned sale
resulted in a release of the translation reserve and created an
extraordinary positive earnings impact to be reflected in the group's Q4
2016 financial statements.
The ProCredit group focuses on providing loans to small and medium-sized
business clients. In addition to its lending services, the ProCredit group
also offers business clients payment transactions and transfer services. To
make its services even more convenient for clients, ProCredit also offers
deposit and transfer services on its e-Banking platform. In addition, all
ProCredit banks outside Germany offer modern, 24-hour self-service areas in
which deposits and transfers can be carried out.
The ProCredit group is committed to an ethical and development-oriented
corporate culture. The banks' financing offer for business clients is
intended to support local production, create jobs, boost local innovation
and raise ecological standards.
Contact:
Andrea Kaufmann, Group Communications, ProCredit Holding, Tel.: +49 69 951
437 138
E-mail: [email protected]
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. In addition to this strong regional presence,
the group also operates in Germany and 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 Finanzdienstleistungsaufsicht,
BaFin) and by the Deutsche Bundesbank. For additional information, visit:
www.procredit-holding.com.
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. The listing prospectus was approved
by the German Federal Financial Supervisory Authority is available from the
website of ProCredit Holding AG & Co. KGaA ("ProCredit Holding") at http://
www.procredit-holding.com/en/investor-relations.html. The listing
prospectus relates 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. The listing prospectus has not been 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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Additional features:
Picture: http://newsfeed2.eqs.com/procredit/532485.html
Subtitle: Erfolgreicher Börsenstart der ProCredit Holding: Dr. Martin Reck,
Managing Director, Deutsche Börse AG und Borislav Kostadinov, Mitglied des
Managements der ProCredit Holding AG & Co. KGaA
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22.12.2016 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.
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: 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
WKN: 622340
End of News DGAP News Service
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532485 22.12.2016
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