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    EQS-News  145  0 Kommentare BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

    Für Sie zusammengefasst
    • Birkenstock announces secondary offering of 14 million shares.
    • L Catterton affiliate selling shares, not company.
    • Proceeds to pay taxes, loans for executive officers.

    EQS-News: Birkenstock Holding plc / Key word(s): Miscellaneous
    BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

    24.06.2024 / 22:20 CET/CEST
    The issuer is solely responsible for the content of this announcement.


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    LONDON, UNITED KINGDOM || JUNE 24, 2024
     

    BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING

    Birkenstock Holding plc (“BIRKENSTOCK”, the “Company” or “we”, NYSE: BIRK) announced today the commencement of an underwritten secondary public offering of 14,000,000 of BIRKENSTOCK’s ordinary shares (the “Ordinary Shares”) by BK LC Lux MidCo S.à r.l., an entity affiliated with L Catterton (the “Selling Shareholder”), of which the Selling Shareholder has sole voting and dispositive power over 9,880,814 shares offered, and of which the Selling Shareholder and the executive officers and certain other employees of the BIRKENSTOCK Group have shared voting and dispositive power over 4,119,186 shares offered. The Selling Shareholder intends to grant the underwriters a 30-day option to purchase up to 2,100,000 additional Ordinary Shares. BIRKENSTOCK is not selling any Ordinary Shares in the offering and will not receive any proceeds from the sale of the Ordinary Shares being offered by the Selling Shareholder.

    Following the completion of the proposed offering and without giving effect to the underwriters’ option to purchase additional shares, the Selling Shareholder will hold approximately 137,543,181 Ordinary Shares, or 73.2% of the Ordinary Shares outstanding of the Company. The net proceeds from the Ordinary Shares sold for which the executive officers and certain other employees of BIRKENSTOCK have shared beneficial ownership, which shares represent a minority of the total shares being offered, are intended to primarily be used by the executive officers and employees to pay their legally required tax obligations in connection with the Company’s IPO or this offering or related to the grant of such indirect equity interests in the Company and to pay all or a portion of their outstanding loans incurred to finance the grant of indirect interests in the Company to such executive officers and employees.

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    Verfasst von EQS Group AG
    EQS-News BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING EQS-News: Birkenstock Holding plc / Key word(s): Miscellaneous BIRKENSTOCK ANNOUNCES LAUNCH OF SECONDARY OFFERING 24.06.2024 / 22:20 CET/CEST The issuer is solely responsible for the content of this announcement. PRESS RELEASE LONDON, UNITED …

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