DFV Deutsche Familienversicherung AG

  • WKN: A2NBVD
  • ISIN: DE000A2NBVD5
  • Land: Deutschland

Nachricht vom 29.10.2018 | 09:03

DFV Deutsche Familienversicherung AG announces price range for planned initial public offering

DGAP-News: DFV Deutsche Familienversicherung AG / Key word(s): IPO

29.10.2018 / 09:03
The issuer is solely responsible for the content of this announcement.


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, INTO OR WITHIN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA OR ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT.

DFV Deutsche Familienversicherung AG announces price range for planned initial public offering

  • The placement volume is expected to be between ca. 68 and 92 million euros
  • The price range has been determined to be between 17.00 and 23.00 euros per share
  • The offer period is expected to last from October 30 to November 9, 2018
  • The first listing on the Prime Standard of the Frankfurt Stock Exchange [Frankfurt Wertpapierbörse] is planned for November 14, 2018
  • All principal shareholders including the founder and CEO Dr. Stefan M. Knoll will remain majority shareholders after the initial public offering; the targeted free float post-IPO assuming all offered shares are placed and the Greenshoe option is fully exercised, is in excess of 32 percent
  • The approval of the prospectus by the Federal Financial Supervisory Authority is expected later today

Frankfurt/Main, October 29, 2018 - DFV Deutsche Familienversicherung AG ("DFV" or "Company", www.deutsche-familienversicherung.de), a dynamically growing technology-driven insurtech enterprise with registered office in Frankfurt/Main, announces further details about the planned initial public offering on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.

The offer includes 3,500,000 shares from a capital increase and the corresponding standard Greenshoe option consisting of 525,000 shares from the holding of one principal shareholder ("Greenshoe Option"). Assuming the placement of all offered shares (including the full exercise of the Greenshoe Option and the preferential allocation to employees and corporate officers), the placement volume is expected to be between 68 million euros and 92 million euros, of which the Company would receive between 59 million euros and 80 million euros in gross IPO proceeds. The final asking price and the placement volume will be determined in the context of a book-building process and confirmed on November 9, 2018.

The offer period during which investors submit their offers begins on October 30, 2018 and is expected to end on November 9, 2018 (at 12:00 noon for private investors and at 1:00 p.m. for institutional investors). The first day of trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is planned for November 14, 2018. All details regarding the offer are explained in the prospectus that is expected to be approved by the Federal Financial Supervisory Authority (BaFin) today, October 29, 2018 and subsequently made available for access on the website of DFV Deutsche Familienversicherung AG (www.deutsche-familienversicherung.de) under the heading "IPO".

DFV Deutsche Familienversicherung AG - A disruptive insurtech enterprise with a proprietary IT platform and highly scalable processes

DFV Deutsche Familienversicherung AG is an insurtech company with a scalable, internally developed digital IT platform, specializing in the sale and administration of supplementary health insurance and non-life insurance products. The Company has developed a unique digital customer journey based on this digital tech-solution. The use of Amazon Echo for product consultation and for writing insurance contracts, the benefit of modern payment methods and the implementation of artificial intelligence facilitate fast and highly efficient processes.

Dr. Stefan M. Knoll, founder and CEO: "The digital creation of value works at DFV. The computerization of our processes from acquisition to claim adjustment was and is a central precondition for a successful entry in a highly distributed market. This and the fact that according to Stiftung Warentest [Product Testing Foundation] we have the best products is the reason for our strong growth."

Initial public offering for financing a strong growth path

DFV sees a very large growth potential in the German market, and the insurtech wants to be the market leader in Germany in the area of supplementary health insurance. The Company also plans to enter at least one other European market in the year 2020. Dr. Stefan M. Knoll, founder and CEO: "The DFV is a new type of insurance: Superb products coupled with the direct digital creation of value with unlimited scalability gives the customer the greatest possible benefit. The DFV is a German insurtech enterprise which is bound to disrupt the insurance market. The initial public offering is therefore a perfect fit for the growth potential of our digital platform."

The offer consists of a first public offering in the Federal Republic of Germany and in the Grand Duchy of Luxembourg as well as a private placement to qualified investors in certain jurisdictions outside of the Federal Republic of Germany and the Grand Duchy of Luxembourg and outside of the United States of America pursuant to Regulation S under the U.S. Securities Act of 1933 as amended ("U.S. Securities Act").

The shares of DFV Deutsche Familienversicherung AG carry, beside the international security identification number (ISIN) DE000A2NBVD5, the security identification number (WKN) A2NBVD and the stock exchange ticker symbol DFV.

Hauck & Aufhäuser Aktiengesellschaft is advisor for the initial public offering as Sole Global Coordinator and Joint Bookrunner. Mainfirst Bank Aktiengesellschaft is Joint Bookrunner for the transaction.

About DFV Deutsche Familienversicherung AG

DFV Deutsche Familienversicherung AG (www.deutsche-familienversicherung.de) is a fast-growing digital insurtech enterprise with registered offices in Frankfurt/Main. The DFV has operated on a proprietary IT platform since 2014, an ultra-modern event and Java-based inventory system. This platform makes it possible for insurtech to handle all business activities surrounding a portfolio of more than 420,000 active policies with only 109 employees. The Company sets new industry standards with its fully digitized product design and is worldwide the first insurance company offering insurance contracts via Amazon Alexa.


Important Note

" This announcement does not contain or constitute an offer to sell, nor a solicitation to buy or subscribe for securities. This announcement is not a prospectus. Potential investors should not purchase or subscribe for any securities referred to in this announcement except on the basis of the information contained in the prospectus to be issued by the Company in connection with the public offering of such securities (including any supplements thereto). The prospectus will, following approval by the German federal financial supervisory agency (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin) and publication, be available free of charge from the company (Reuterweg 47, 60323 Frankfurt am Main, Germany), and on the website of DFV Deutsche Familienversicherung AG (https://www.deutsche-familienversicherung.de).
The Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold within the United States absent registration or an exemption from the registration requirements under the Securities Act. The Company does not intend to register any portion of the offering in the United States or to conduct a public offering of Shares in the United States.

The Company has not authorised any offer to the public of Shares in any Member State of the European Economic Area, except in the Federal Republic of Germany and Luxembourg. With respect to any Member State of the European Economic Area which has implemented the Prospectus Directive other than Germany and Luxembourg (each a "Relevant Member State"), no action has been undertaken or will be undertaken to make an offer to the public of Shares requiring publication of a prospectus in any Relevant Member State. As a result, the Shares may only be offered in Relevant Member States:

(i) to any legal entity which is a "qualified investor" as defined in the Prospectus Directive; or
(ii) in any other circumstances falling within Article 3(2) of the Prospectus Directive.

For the purpose of this paragraph, the expression "offer of securities to the public" means the communication in any form and by any means of sufficient information on the terms of the offer and the Shares to be offered so as to enable the investor to decide to exercise, purchase or subscribe for the Shares, as the same may be varied in that Member State by any measure implementing the Prospectus Directive in that Member State and the expression "Prospectus Directive" means Directive 2003/71/EC (as amended, including by Directive 2010/73/EU), and includes any relevant implementing measure in the Relevant Member State.

Any such investor will also be deemed to have represented and agreed that any Shares acquired by it in the contemplated offering of Shares have not been acquired on behalf of persons other than such investor. This announcement is not an advertisement within the meaning of the Prospectus Directive and does not constitute a prospectus.

In the United Kingdom, this document and any other materials in relation to the Shares is only being distributed to, and is only directed at, and any investment or investment activity to which this document relates is available only to, and will be engaged in only with, "qualified investors" (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of "investment professionals" in Article 19(5) of the Financial Services and Markets Act 2000 ("Financial Promotion") Order 2005 (the "Order"); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as "relevant persons"). This communication is directed only at relevant persons. Persons who are not relevant persons should not take any action on the basis of this document and should not act or rely on it. Any investment activity to which this communication relates will only be available to and will only be engaged with, relevant persons. No action has been taken by the Company that would permit an offer of Shares or the possession or distribution of these materials or any other offering or publicity material relating to such Shares in any jurisdiction, except for the Republic of Germany and Luxembourg, where action for that purpose is required.

This document may contain forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of the Company and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting the Company and other factors. The Company does not assume any obligations to update any forward- looking statements.

Neither these materials nor any copy of it may be taken or transmitted, directly or indirectly, into the United States, Australia, Canada, Japan or the South Africa. These materials do not constitute or form part of any offer or invitation to sell, or any solicitation of any offer to purchase or subscribe nor shall it (or any part of it) or the fact of its distribution, form the basis of, or be relied on in connection with, any contract therefore. The offer and the distribution of these materials and other information in connection with the listing and offer in certain jurisdictions may be restricted by law."




Contact:
Lutz Kiesewetter
Leiter Unternehmenskommunikation
Telefon: 069 74 30 46 396
Telefax: 069 74 30 46 46
E-Mail: lutz.kiesewetter@deutsche-familienversicherung.de


29.10.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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