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Delisting Purchase Offer

Public disclosure of inside information pursuant to Article 17 MAR

Vtion Wireless Technology specifies price range for planned IPO

Frankfurt, 25 September 2009.

Vtion Group, one of the three leading suppliers of wireless data card solutions for mobile computing over wide area networks in China, intends to go public on 1 October 2009. Vtion aims to obtain a listing on the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange.

The price range within which purchase offers may be submitted will be EUR 9.50 to EUR 12.00 per share. Assuming a full exercise of the Greenshoe Option, this represents a total issue volume of EUR 49.16 million to EUR 62.10 million. The offer period will begin on 28 September 2009 and is expected to end on 29 September 2009. On the final day of the offer period, private investors can submit purchase offers until 15:00 (CET), while the deadline for institutional investors is 16:00 (CET).

The company is planning a public offering in Germany and Luxembourg as well as private placements in various countries outside the United States. The offering consists of up to 5,175,000 ordinary bearer shares of Vtion Wireless Technology AG. Up to 4,500,000 of these ordinary bearer shares originate from a capital increase and up to 675,000 ordinary bearer shares originate from the holdings of certain existing shareholders in connection with a potential over-allotment. The company plans to use the net proceeds of the offering primarily to finance the further expansion of Vtion Group.
The detailed terms and conditions of the offering are set forth in the prospectus approved by the German Financial Supervisory Authority ("BaFin") on 21 September 2009 and the supplement thereto, which will be published on the company website after its approval by BaFin.
Sal. Oppenheim jr. & Cie. KGaA is acting as lead manager Macquarie Capital (Europe) Limited is acting as syndicate bank. comdirect bank AG, DAB Bank AG and S Broker AG & Co. KG are selling agents.


Additional information:
ISIN: DE000CHEN993
Securities Identification No. (WKN): CHEN99
Listing requested: Regulated Market / Prime Standard at Frankfurt Stock Exchange
Registered office of the company: Germany

 

Investor Relations

Janina Wismar
Kirchhoff Consult AG
Herrengraben 1
20459 Hamburg
Germany
Tel. +49 40-60918650
E-mail: janina.wismar@kirchhoff.de

Disclaimer

This publication is not an offer of any securities for sale or a solicitation of an offer to purchase any securities. The offer of shares is only made through and on the basis of the prospectus approved by the Bundesanstalt für Finanzdienstleistungsaufsicht. The prospectus is available on the website of the company on www.vtion.de, a copy can be requested from the company (fax-no. +49-(0) 40 60 91 86 60) and from Sal. Oppenheim (fax-no. +49-(0) 69 71 34 51 69), free of charge.

This document is not an offer of securities for sale or a solicitation of an offer to purchase securities in the United States. The shares of Vtion Wireless Technology AG (the "Shares") have not been 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 unless registered under the Securities Act or pursuant to an exemption from such registration. There will be no public offering of the Shares in the United States and the Shares will not be registered under the Securities Act.

This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (iii) high net worth entities, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). The Shares are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.

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