Not for release, publication or distribution in the United States of America.
Full exercise of the Greenshoe Option
In connection with the IPO of centrotherm photovoltaics AG, Sole Global Coordinator Citi and centrotherm photovoltaics AG jointly announce that Citi has fully exercised the Greenshoe Option on October 31, 2007, due to strong demand both from retail and institutional investors.
In connection with the IPO of centrotherm photovoltaics AG, the selling shareholders granted the Syndicate Banks the option to acquire - in addition to the transaction volume of 4,665,315 shares - up to 694,000 shares at the offer price of EUR 34.50 per share (Greenshoe Option). Based on this option, Citi allocated an additional 694,000 shares in the allocation process of the IPO. With the exercise of the Greenshoe Option, the stabilization period ends. Due to strong demand and positive share price development of the centrotherm photovoltaics AG share since its first day of trading, Citi has not effected any stabilization measures.
Consequently, the total number of shares placed at the offer price in the IPO of centrotherm photovoltaics AG amounts to 5,359,315 shares (including 694,000 shares from the Greenshoe Option). Taking the full exercise of the Greenshoe Option into account, 33.5% of the share capital of centrotherm photovoltaics AG have been placed in the IPO.
About centrotherm photovoltaics AG
centrotherm photovoltaics AG is an internationally-active technology- and service-provider for producers of solar cells and solar silicon. The Company possesses business activities which cover major parts of the photovoltaic value chain. Among its customers are renowned companies of the solar industry, such as German companies Q-Cells, ErSol and Sunways, but also new entrants in Europe, Asia and the US. The Company is located in Blaubeuren near Ulm and currently employs more than 100 employees.
centrotherm photovoltaics AG
Admission applied: Official Market/Prime Standard; Frankfurt Stock Exchange
Registered Office: Germany
Senior Manager Investor Relations
T +49 7344 918-8890
These materials do not constitute an offer of securities for sale or a solicitation of an offer to purchase securities in the United States or Germany or any other jurisdiction. The shares of centrotherm photovoltaics AG (the "Shares") may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Neither centrotherm photovoltaics AG nor any selling shareholder intends to register any portion of the offering in the United States or to conduct a public offering of Shares of centrotherm photovoltaics AG in the United States.
This document is only being distributed to and is only directed at (i) persons who are outside the United Kingdom or (ii) to investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (iii) high net worth companies, and other persons to whom it may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons in (i), (ii) and (iii) above together being referred to as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this document or any of its contents.