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DiaMonTech AG postpones IPO
Berlin, 26 November 2019 - DiaMonTech AG ("DiaMonTech" or the "Company"), a young and innovative medical technology company, today decided to postpone its planned IPO. The reason for this is an insufficient oversubscription. The company is sufficiently financed to continue the development of the portable non-invasive blood glucose monitoring device "D-Pocket".
DiaMonTech AG is a medical technology company that specializes in the development, design and sale of products for medical diagnostics. The patented photothermal detection technology based on infrared lasers enables the precise measurement of relevant blood parameters. The first application is the non-invasive blood glucose measurement, which enables an accurate and fast measurement without pain.
More information about DiaMonTech can be found at www.DiaMonTech.de/home.
Kirchhoff Consult AG
Phone +49 40 60 91 86 70
The information contained herein is not for distribution, directly or indirectly, in or into the United States of America (including its territories and possessions of any State of the United States of America or the District of Columbia) and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States of America. This publication constitutes neither an offer to sell nor a solicitation to buy or subscribe to securities in the United States of America. Securities of DiaMonTech AG (the "Company") have not been and will not be registered under the Securities Act and may not be offered or sold in the United States of America absent registration or an exemption from registration under the Securities Act. The Company does not intend to register any portion of the offering in the United States of America or to conduct a public offering of the securities in the United States of America.
This release is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities of the Company. No offer of the securities of the Company is being, or will be made to the public outside the Federal Republic of Germany ("Germany").
The offer in Germany will be made solely by means of, and on the basis of, a securities prospectus for the purposes of Regulation (EU) 2017/1129 as amended (the "Prospectus Directive") to be approved by the German Federal Financial Supervisory Authority (BaFin). After the approval the securities prospectus will be available free of charge at the Company's office, as well as, for viewing in electronic form, on the Company's website https://www.diamontech.de/ipo. An investment decision regarding the publicly offered securities of the Company should only be made on the basis of the securities prospectus.
In member states of the European Economic Area ("EEA") other than Federal Republic of Germany ("Germany"), this information is only addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(e) of the Prospectus Directive ("Qualified Investors").
In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005,as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (each such person hereinafter a "relevant person"). The securities 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 information or any of its contents.
Statements contained herein may constitute "forward-looking statements." Forward-looking statements are generally identifiable by the use of the words "may", "will", "should", "plan", "expect", "anticipate", "estimate", "believe", "intend", "project", "goal" or "target" or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are based on current expectations and involve a number of known and unknown risks, uncertainties and other factors that could cause the Company's or its industry's actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. You should not place undue reliance on forward-looking statements and the Company does not undertake publicly to update or revise any forward-looking statement that may be made herein, whether as a result of new information, future events or otherwise.
In connection with the placement of shares of DiaMonTech AG, MainFirst Bank Aktiengesellschaft will act as the stabilisation manager and may, as stabilisation manager, make over-allotments and take stabilisation measures in accordance with legal requirements (Art. 5(4) and (5) of the Market Abuse Regulation (EU) No. 596/2014 in conjunction with Articles 5 through 8 of the Commission Delegated Regulation (EU) 2016/1052) to support the market price of DiaMonTech AG's shares and thereby counteract any selling pressure. The stabilisation manager is under no obligation to take any stabilisation measures. Therefore, stabilisation may not necessarily occur and may cease at any time. Such measures may be taken on the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) from the date when trading in the shares of DiaMonTech AG is commenced on the regulated market segment (regulierter Markt) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse) and must be terminated no later than 30 calendar days after this date (the "Stabilisation Period"). Stabilisation transactions aim at supporting the market price of DiaMonTech AG's shares during the Stabilisation Period. These measures may result in the market price of DiaMonTech AG's shares being higher than would otherwise have been the case. Moreover, the market price may temporarily be at an unsustainable level.
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