TOM TAILOR Holding SE
TOM TAILOR Holding SE successfully completed cash capital increase supported by high subscription rate from shareholders
DGAP-News: TOM TAILOR Holding SE / Key word(s): Capital Increase NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL OR IN WHICH THE OFFERING OF SECURITIES IS SUBJECT TO REGULATORY RESTRICTIONS. OTHER RESTRICTIONS ARE ALSO APPLICABLE. PLEASE SEE THE IMPORTANT NOTICE AT THE END OF THIS PRESS RELEADE. TOM TAILOR Holding SE successfully completed cash capital increase supported by high subscription rate from shareholders – 98.11 percent of subscription rights exercised – Net proceeds of approximately EUR 61 million – Proceeds will be used for further investments in brands, E-Commerce and omni-channel, refurbishments of stores as well as IT structures – Major shareholder Fosun fully exercised subscription rights and increased stake to 29.99 percent – Equity ratio* rises to around 28.7 percent Hamburg, 21 June 2017: The TOM TAILOR Holding SE has successfully completed the cash capital increase resolved and announced on 6 June 2017. The 9.5 million new shares offered to existing shareholders in the subscription offer were nearly entirely subscribed with a subscription ratio of 98.11 percent. The Company’s major shareholder Fosun International Ltd. (“Fosun”) has exercised the subscription rights allocated to its 8.4 million directly and indirectly owned shares in the Company (corresponding to 29.47% of the voting rights). Furthermore, Fosun acquired additional 296,345 shares in the context of the capital increase, thereby increasing their stake in the TOM TAILOR Holding SE to 29.99 percent. New shares not subscribed as well as the fractional amount of 0.3 million have been sold to institutional investors by the Joint Global Coordinators COMMERZBANK Aktiengesellschaft and Joh. Berenberg, Gossler & Co. KG by means of a private placement. The new shares are expected to be included into the existing quotations on the Frankfurt and Hamburg Stock Exchanges on 22 June 2017. Based on the pre-agreed subscription price of EUR 6.50 per new share, the Company achieved net proceeds of approximately EUR 61 million as previously announced. The Company intends to use the majority of the net proceeds (EUR 50 million) for capital expenditures, mainly investments into e-commerce and omni-channel capabilities as well as for store refurbishments and higher marketing spending in order to strengthen the brands of the group and not to forget the upgrade of IT hard- and software. Additionally, the Company intends to increase the group’s equity ratio in order to achieve additional headroom to meet financial covenants, with the remaining proceeds to be used for general business purposes. “With this successfully realized capital increase we are now able to further strengthen our capital base and make targeted investments in the future of the TOM TAILOR GROUP,” summarized Thomas Dressendörfer, CFO of TOM TAILOR Holding SE. *Equity ratio is calculated including net proceeds based on balance sheet as of 31 March 2017. About TOM TAILOR GROUP TOM TAILOR GROUP is an international, vertically aligned fashion and lifestyle company that focusses on so called Casual Wear offered in the medium price segment. The product portfolio is complemented by a broad range of fashionable accessories. With its umbrella brands TOM TAILOR and BONITA, the Group addresses various segments of the fashion market. The TOM TAILOR brand is marketed through the retail and wholesale segments, and thus through single-label stores as well as wholesale partners. At the 31 March 2017, these comprised 469 TOM TAILOR stores and 195 franchise stores, 2.936 shop-in-shops and around 8,300 multi-label points of sale. The brand is present in more than 35 countries. BONITA has 914 retail stores as well as 56 shop-in-shop spaces. The collections of both brands are also available through their respective online shops. Further information is also available at www.tom-tailor-group.com and www.BONITA.eu Media and investor contact Felix Zander Lena Christin Wulfmeyer —————————————————- Important Notice: This announcement does not constitute a securities prospectus. Potential investors should make their investment decision regarding the securities mentioned in this announcement solely on the basis of the securities prospectus which the Company has prepared. The securities prospectus is available free of charge from TOM TAILOR Holding SE, Garstedter Weg 14, 22453 Hamburg, Germany or on the website of TOM TAILOR Holding SE (www.tom-tailor-group.com). This publication is not intended, either directly or indirectly, for dissemination or distribution to the USA or within the USA (including its territories and possessions, a U.S. federal state and the District of Columbia) and may not be distributed or forwarded to ‘U.S. persons’ (as defined in Regulation S of the U.S. Securities Act of 1933 in the applicable version (‘Securities Act’)) or to publications which are widely available in the USA. This publication does not constitute an offer – or a request to issue an offer – to buy or acquire securities in the USA, nor is it part of such an offer or request. The securities are not and will not be registered in accordance with the provisions of the Securities Act and may only be sold or offered for purchase in the USA with prior registration in accordance with the provisions of the Securities Act in the version currently applicable or, in the absence of prior registration, if an exemption is granted. TOM TAILOR Holding SE does not intend to make a public share offer in the USA. Subject to certain exceptions under applicable securities laws, the securities referred to in this announcement may not be offered or sold in Canada, Australia or Japan or to, or for the account or benefit of, any national, resident or citizen of Canada, Australia or Japan. The information contained in this announcement is for background purposes only and does not purport to be full or complete. No reliance may be placed, for any purpose, on the information contained in this announcement or its accuracy or completeness. The information in this announcement is subject to change. Neither the syndicate banks nor any of their directors, officers, employees, advisers or agents accept any responsibility or liability whatsoever for or make any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or, with limited exception, other information relating to TOM TAILOR Holding SE, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and independent from how it was transmitted or made available, or for any loss in any way arising from any use of this announcement or its contents or otherwise arising in connection therewith.
21.06.2017 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | TOM TAILOR Holding SE |
Garstedter Weg 14 | |
22453 Hamburg | |
Germany | |
Phone: | +49 (0) 40 589 56 0 |
Fax: | +49 (0) 40 589 56 398 |
E-mail: | info@tom-tailor.com |
Internet: | www.tom-tailor-group.com |
ISIN: | DE000A0STST2 |
WKN: | A0STST |
Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange |
End of News | DGAP News Service |