Exercise of the over-allotment option in the listing of Alimak
NOT FOR DISTRIBUTION OR PUBLICATION IN THE UNITED STATES, CANADA, JAPAN OR AUSTRALIA.
The Global Coordinators have today notified Alimak Group AB (publ) (“Alimak” or the “Company”) and the primary selling shareholder, funds advised by Triton (“Triton”), that the over-allotment option has been exercised in full in respect of 3,559,500 shares in Alimak.
In connection with the initial public offering of Alimak, Triton granted the Global Coordinators an over-allotment option of up to 3,559,500 shares to be used to cover so-called over-allotment of shares. The Global Coordinators have exercised the over-allotment option in full. No stabilisation has been carried out since the listing, and due to Alimak’s share price development, the Global Coordinators have decided to end the stabilisation period.
Following the exercise of the over-allotment option Apolus Holding AB, a company ultimately owned by Triton, holds 12,298,486 shares in Alimak, corresponding to an ownership of approximately 28% of the shares in Alimak.
About Alimak
Alimak is a global market leader and pioneer in designing, developing, manufacturing, distributing and servicing industrial rack-and-pinion vertical access solutions. The Company provides high quality hoists, elevators and platforms primarily for the industrial and construction sectors. Alimak has a global sales, services and distribution platform across more than 50 countries and strong market positions. The Company has a well-established and resilient After Sales business and its large global installed base of ca. 21,000 units provides unique know-how into its customers’ needs. Alimak was founded in 1948, is headquartered in Stockholm and employs over 1,100 people across the world. The Company had revenues of SEK 1.7 billion in 2014 and is listed on Nasdaq Stockholm.
For more information, please contact
John Womack, Investor Relations Manager at Alimak Group AB (publ)
Tel: +46 70 678 24 99 Email: john.womack@alimakhek.com
The information above has been published pursuant to the Swedish Securities Markets Act (Swe. lag om värdepappersmarknaden) and Swedish Financial Instruments Trading Act (Swe. lagen om handel med finansiella instrument).
This information was released for publication at 08.00 CET on 26 June 2015.
IMPORTANT INFORMATION
This announcement is not and does not form a part of any offer to sell, or a solicitation of an offer to purchase, any securities of the Company.
Copies of this announcement are not being made and may not be distributed or sent into the United States, Australia, Canada, Japan or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures.
The securities referred to in this announcement have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and accordingly may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the Securities Act and in accordance with applicable U.S. state securities laws. The Company does not intend to register any offering in the United States or to conduct a public offering of securities in the United States. Any sale in the United States of the securities mentioned in this announcement will be made solely to “qualified institutional buyers” as defined in Rule 144A under the Securities Act.
Any offering of the securities referred to in this announcement will be made by means of a prospectus. This announcement is not a prospectus for the purposes of Directive 2003/71/EC (together with any applicable implementing measures in any Member State, the “Prospectus Directive”). Investors should not invest in any securities referred to in this announcement except on the basis of information contained in the aforementioned prospectus.
In any EEA Member State other than Sweden that has implemented the Prospectus Directive, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of the Prospectus Directive, i.e., only to investors who can receive the offer without an approved prospectus in such EEA Member State.
This communication is only being distributed to and is only directed at persons in the United Kingdom that are (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 entities, and other persons to whom this announcement 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”). This communication must not be acted on or relied on by persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Persons distributing this communication must satisfy themselves that it is lawful to do so.
Matters discussed in this announcement may contain projections or may constitute forward-looking statements regarding future events or the future financial performance of the Company. Forward-looking statements are statements that are not historical facts and can be identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “will,” “may,” “continue,” “should”, “could” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although Alimak believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements. Neither the Company nor any other person guarantees that the assumptions underlying the forward-looking statements in this presentation are free from errors nor does it accept any responsibility for the future accuracy of the opinions expressed in this presentation or any obligation to update or revise the statements in this presentation to reflect subsequent events. You should not place undue reliance on the forward-looking statements in this document.
The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice. Neither the Company nor any other person undertakes any obligation to review, update, confirm, or to release publicly any revisions to any forward‐looking statements to reflect events that occur or circumstances that arise in relation to the content of this announcement.