Tom Tailor Group raises €29.5mn by issuing new shares

The shares were purchased by institutional investors from Germany, Europe and the United States. Due to the high demand, the order book was oversubscribed several times within just a few hours. The issue price was EUR 16.25 per share. The resulting discount on the XETRA closing price on 23 October 2013 (EUR 16.89) thereby only amounted to approximately 3.8 %.

"Our cash capital increase was positively received by investors and successfully completed in a minimum of time. We consider this to be a clear support for our strategy to further grow with our umbrella brands TOM TAILOR and BONITA.

The gross proceeds will strengthen our equity ratio and give us an even better basis to expand our position as leading apparell company in the European fashion market", said Dieter Holzer, Chairman of the Management Board (CEO) of TOM TAILOR Holding AG.

The capital increase will primarily serve to strengthen the equity ratio to a target range of between 30% and 35% (30.09.2012: 26.1%). In addition, the Company plans to use a proportion of the funds raised to reduce the gearing ratio and to acquire minority shareholdings in subsidiaries.

The transaction involved the issue of 1,818,098 new no-par-value registered shares. Shareholders" subscription rights were excluded in the process. The share capital of TOM TAILOR Holding AG was raised from EUR 24,209,035.00 to EUR 26,027,133.00. The capital increase is expected to be entered into the German commercial register on 25 October 2013. The new shares are eligible for dividends from 1 January 2013.

The new shares are estimated to be permitted for trading on the regulated market of the Frankfurt Stock Exchange and to be included in the Prime Standard, as well as for trading on the regulated market of the Hamburg Stock Exchange on 25 October 2013. It is intended that the new shares will be included in the current listing on 28 October 2013.

About TOM TAILOR GROUP

The TOM TAILOR GROUP is an international fashion and lifestyle company offering stylish casual wear and accessories in the medium price range through its umbrella brands TOM TAILOR and BONITA.

The TOM TAILOR umbrella brand comprises the brands TOM TAILOR, TOM TAILOR Denim and TOM TAILOR POLO TEAM. Its collections are aimed at customers aged between 0 and 40 and are marketed in more than 35 countries via its wholesale and retail segments.

Tom Tailor Group