Frequentis AG

IPO price range set at 18,00 Euro to 21,00 Euro per share

Business news for the stock market

Vienna (pta028/26.04.2019/11:40) - - Dual listing in Frankfurt and Vienna with main aim of transitioning Frequentis from a private, family-owned company to a management-run public group
- IPO of up to 2.7 million shares, including up to 1.2 million from a capital increase
- Proceeds of the capital increase will be used to drive growth of the company
- Subscription period starts on 27 April 2019 and is expected to end on 8 May 2019
- Start of trading planned for 14 May 2019

Vienna-based Frequentis AG, a leading international provider of communication and information systems for safety-critical control centres, is hereby publishing details of its stock market flotation in Frankfurt and Vienna. The principal strategic reason for seeking a stock exchange listing is to transition the company from a family-owned private company to a management-run group with a global presence. Last year, majority owner Johannes Bardach stepped down from his long-standing role as Chairman of the Executive Board of Frequentis AG and moved to the Supervisory Board. The IPO is the next important step in the company's long-term strategy.

The IPO comprises up to 2,700,000 bearer shares. Up to 1,200,000 of these will be new shares from a capital increase and up to 1,500,000 shares will be offered by Johannes Bardach. In addition, up to 400,000 shares held by Johannes Bardach could be allocated as an over-allotment option ("greenshoe option"). About 900,000 shares have already been placed with selected investors. The IPO aims to achieve a free float of around 30%.
In consultation with Commerzbank AG and BankM, representative office of flatex Bank AG, the joint bookrunners and joint lead managers for the flotation, the price range for the IPO has been set at between 18,00 Euros and 21,00 Euros per share. The final offer price will be determined at the end of the subscription period on the basis of a bookbuilding process.

Following successful execution of the IPO - assuming placement of all shares, including full use of the greenshoe option - Frequentis expects to receive gross proceeds of between 21,6 million Euro und 25,2 million Euro from the placement of the new shares. The proceeds will be used to fund further growth in a rapidly developing business sector and to secure the long-term financial independence and flexibility of Frequentis AG.