DGAP-News

VAPIANO SE sets price range for planned IPO between EUR 21 and EUR 27 per share - Seite 2

The IPO will comprise a primary offering up to 4,047,620 new shares and a secondary component of up to 3,533,123 existing shares from the holdings of the Company's existing shareholders VAP Leipzig GmbH & Co. KG and Exchange Bio GmbH (the "Selling Shareholders") ("base offering"). In addition, in order to cover potential over-allotments, up to 758,074 additional existing shares (approx. 10% of the base offering) will be provided by the Selling Shareholders. Based on the order book prepared during the book building process, the final offer price per share and the final number of shares to be sold are expected to be determined on or around 26 June 2017. Vapiano's shares are expected to commence trading on the regulated market segment (Prime Standard) of the Frankfurt Stock Exchange on 27 June 2017. Settlement of the IPO is expected to take place on 29 June 2017.

Jochen Halfmann, CEO of Vapiano, said: "We have grown very successfully in the past years as a private company. Access to the capital markets is the next logical step for us and will support our continued growth and innovation. We are excited about continuing our growth story as a listed company."

The Offering will consist of an initial public offering of shares in Germany and Luxembourg, and will comprise private placements to certain institutional investors outside Germany and Luxembourg and elsewhere outside of the United States in reliance on Regulation S under the Securities Act of 1933 as amended (the "Securities Act") and to qualified institutional buyers in the United States in reliance on Rule 144A under the Securities Act.

Assuming placement of all offered shares, including all potential over-allotment shares, the free float is expected to be above 30% of Vapiano's issued and outstanding share capital.

The Company and its Management Board have committed to lock-up obligations for a period of 12 months starting from the first day the shares are traded. The lock-up period will be nine months for all other Vapiano employees, and six months for all other existing shareholders.

The Company plans to use the majority of the net primary proceeds generated via the Offering to fund the Company's continued growth and expansion in new and existing markets, the selective acquisition of associated companies and restaurants as well as to repay subordinated shareholder loans of approximately EUR10 million.