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Tom Tailor aims to expand retail stores with IPO
22
Mar '10
The price range for TOM TAILOR Holding AG shares (ISIN DE000A0STST2) offered in the context of the company's planned IPO has been fixed at €11.00 to €15.00 per share. Up to 11 million shares will be offered by TOM TAILOR Holding AG, which will come from a capital increase of the company. In addition, the selling shareholders will provide up to 1.65 million shares of the company to cover a possible over-allotment. If all offered shares are placed and if the greenshoe option is fully exercised, the percentage of shares in free float will amount to approximately 76.5 percent.

The offer period will foreseeably be four business days, starting on 19 March and foreseeably ending on 24 March. On the last day of the offer period, purchase offers by private investors can be made until 12:00 hrs (CET), and by institutional investors until 17:00 hrs (CET).

At the end of the offer period, the company, the selling shareholders and the underwriters expect to determine the offer price on 24/25 March 2010 based on the order book established during the book building process. Assuming that shares will be placed at the mid-point of the price range and that all 11 million shares offered by TOM TAILOR Holding AG will be placed, the gross proceeds raised by the company will amount to approximately €140 million.

TOM TAILOR Holding AG intends to use the IPO proceeds, among others, to further expand the controlled sales areas in the company's core markets, with a special focus on expanding TOM TAILOR retail stores and shop-in-shops in both the wholesale and the retail segments. At the same time, the IPO proceeds will be used to reduce the company's financial liabilities, thereby strengthening its capital structure and increasing its financial flexibility.

The proceeds from the placement of the selling shareholder's shares under the potential over-allotment will go to the selling shareholders.

Trading in shares of TOM TAILOR Holding AG is expected to start on 26 March 2010. The book-entry delivery of shares is expected to take place on 30 March 2010.

TOM TAILOR Holding AG


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