Not for publication or distribution in the United States of America, Australia, Canada, Japan or South Africa or in any other jurisdiction in which offers or sales would be prohibited by applicable law.
Private placement of existing shares in PVA TePla AG to institutional investors completed
Frankfurt/Main - PA Beteiligungsgesellschaft mbH ("PA Beteiligungsgesellschaft"), core shareholder of PVA TePla AG (ISIN: DE0007461006), Ticker: TPE.GR) ("PVA Tepla"), sold in total 2,500,000 shares (approximately 11.5% of all outstanding shares) in a private placement to institutional investors. The Shares have been placed at a price of ?22.30 per share. The aim is to increase PVA TePla's free float and the liquidity of its shares in the market as well as to diversify the assets of Peter Abel and his family.
Following the placement, the free float in PVA TePla AG will represent c. 86% of outstanding shares. PA Beteiligungsgesellschaft will hold after the private placement around 14%.
The selling shareholder has agreed to a 2 year lock-up period on all remaining shares.
Jefferies acted as Sole Global Coordinator in connection with the placement.
The information was submitted for publication at 08:00 CET on 25 June 2021 by Jefferies GmbH on behalf of PA Beteiligungsgesellschaft mbH.
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The securities of PVA TePla AG have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") or under any applicable securities laws of any state or other jurisdiction of the United States and may not be offered or sold, directly or indirectly, in or into the United States absent registration or in transactions exempt from or not subject to the registration requirements of Securities Act. There will be no public offer of the securities in the United States.
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25.06.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
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