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2014-06-27

Scandi Standard: Scandi Standard determines the price in the initial public offering at SEK 40 per share - trading on NASDAQ OMX Stockholm commences today

NOT FOR RELEASE, DISTRIBUTION OR PUBLICATION, DIRECTLY OR INDIRECTLY,
IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY OTHER
JURISDICTION WHERE SUCH DISTRIBUTION OR PUBLICATION SHOULD BE
UNLAWFUL.

Scandi Standard AB (publ) ("Scandi Standard" or the "Company"), the
market leading Scandinavian producer of chicken-based food products,
hereby announces the outcome of the initial public offering of its
shares and listing on NASDAQ OMX Stockholm (the "Offering").

The Offering attracted strong interest both among Swedish and
international institutional investors as well as the general public
in Sweden, Denmark and Norway. The Offering was over-subscribed
multiple times.

The Offering in brief

· The final price in the Offering has been determined to be SEK 40
per share, corresponding to a market value of all issued shares in
Scandi Standard of approximately SEK 2,402 million.

· The Offering was increased according to the terms for the Offering
with 6,920,060 shares, resulting in 33,947,459 shares in total,
corresponding to 57 per cent of the shares in Scandi Standard, being
sold by the selling shareholders.

· The Company's principal owners have also issued an over-allotment
option[1] of up to 5,092,118 additional shares, corresponding to 15
per cent of the total number of shares included in the Offering and
approximately 8 per cent of the total number of shares in the
Company.

· The Offering comprises 39,039,577 shares, corresponding to
approximately 65 per cent of the total number of shares in the
Company, assuming that the over-allotment option is exercised in
full.

· The total value of the Offering amounts to approximately SEK 1,562
million, under the assumption that the over-allotment option is
exercised in full.

· Following the conversion of the ownership structure and the
set-off issue made in connection with the Offering, as described in
the prospectus, the total number of shares in the Company will amount
to 60,060,890 shares[2].

· All investors who have applied for acquisition of shares within
the Offering to the general public have been allocated shares.

· The first day of trading in Scandi Standard's shares on NASDAQ OMX
Stockholm is today 27 June 2014 under the symbol "SCST".

Leif Bergvall Hansen, CEO and group president of Scandi Standard,
comments:

Over recent weeks we have been presenting Scandi Standard to a large
number of institutional investors in Scandinavia and internationally
and we are delighted with the unequivocally positive response that we
have received. We see this as a strong endorsement of the strength of
Scandi Standard and our strategy to get Scandinavians to eat chicken
once more per week and at the same time make the business more cost
efficient.

Per Harkjaer, chairman of the board of directors of Scandi Standard,
comments:

We are very encouraged by the strong investor interest expressed for
Scandi Standard. The Board of Directors is looking forward to
supporting the management team on their journey; one which we believe
includes great opportunity for solid and profitable future growth. We
are convinced that the public environment will suit the Company well
and will provide Scandi Standard a long-term and flexible capital
structure to underpin its future progression.

Kate Briant, partner at CapVest (Kansas Holding B.V.), comments:
Scandi Standard has shown what can be achieved when a number of great
businesses with a proven successful history are combined under a
capable management team to pursue a long-term growth strategy that
creates value. The initial public offering marks a new and exciting
phase in the Company's development. We welcome the more than 6,000
new shareholders and are enthusiastic to continue our involvement
with the Company and work with the new shareholders and Lantmännen in
supporting the continued evolution and expansion of Scandi Standard.

After completion of the Offering, and under the assumption that the
over-allotment option is exercised in full, the principal owners will
continue to be the largest shareholders with, in aggregate,
approximately 29 per cent of the shares in the Company.

Carnegie and Danske Bank are acting as Joint Lead Managers and Joint
Bookrunners. DNB Markets is acting as Co-Lead Manager. Roschier
Advokatbyrå AB is legal adviser to the Company and the principal
owners. Weil, Gotshal & Manges is legal adviser as to US law.
Advokatfirman Vinge is legal adviser to the Joint Lead Managers and
Joint Bookrunners.

For additional information, please contact:
Leif Bergvall Hansen, CEO and Group President of Scandi Standard,
telephone: +45 22 10 05 44

Jonny Mason, CFO of Scandi Standard, telephone: +45 22 77 86 18

Patrik Linzenbold, Head of Investor Relations of Scandi Standard,
telephone: +46 708 25 26 30

About Scandi Standard
Scandi Standard is the largest producer of chicken-based food products
in Scandinavia with market leading positions in Sweden and Denmark,
and a challenger position in Norway. The Company produces, sells and
markets chilled, frozen and processed chicken-based food products
under the strong brands Kronfågel, Danpo, Den Stolte Hane, Vestfold
Fugl, Ivars and Chicky World. Additionally, the Company sells eggs in
the Norwegian market under the brand Den Stolte Hane. The Company has
almost 1,700 employees and pro forma net sales 2013 of approximately
SEK 5.2 billion. For more information, visit www.scandistandard.com.

Stockholm, 27 June 2014

Scandi Standard AB (publ)

IMPORTANT INFORMATION
This press release is not an offer to sell or to buy securities in the
United States or any jurisdiction where such offer would be unlawful.
The securities referred to in this press release have not been, and
will not be, registered under the U.S. Securities Act of 1933, as
amended (the "Securities Act") or under securities laws in any state
in the United States and may not be offered or sold in or into the
United States absent registration or pursuant to an exemption from
the registration requirements under the Securities Act, or in
compliance with any applicable securities laws of any state in the
United States. There will be no public offering of securities
referred to in this press release in the United States. Copies of
this press release are not being, and should not be, distributed in
or sent into the United States.

It may be unlawful to distribute these materials in certain
jurisdictions. These materials are not for distribution in the United
States, Canada, Australia or Japan. The information in these
materials does not constitute or form part of, an offer to sell or
the solicitation of an offer to purchase or subscribe for any Company
securities in United States, Canada, Australia or Japan.

In the European Economic Area (the "EEA"), other than in Sweden, this
press release is addressed only to, and directed only at, persons in
member states of the EEA who are "qualified investors" within the
meaning of Article 2(1)(e) of EU Directive 2003/71/EC (the
"Prospectus Directive"), as modified by EU Directive 2010/73/EU, in
each case as implemented in the relevant member state of the EEA
("Qualified Investors"). In addition, this press release is being
made available or supplied only to, or directed only at: (a) in the
United Kingdom: (i) Qualified Investors who have professional
experience in matters relating to investments falling within Article
19(5) of the Financial Services and Markets Act 2000 (Financial
Promotion) Order 2005 (the "Order") (Investment professionals); (ii)
Qualified Investors who fall within Article 49(2)(a) to (d) of the
Order (High net worth companies, unincorporated associations etc);
and (iii) Qualified Investors whom it may otherwise be lawfully made
available, supplied or directed to; (b) otherwise outside Sweden to
persons who can lawfully access such information or to or at whom it
can lawfully be made available or supplied or directed (all such
persons together being referred to as "Relevant persons"). Any
investment or investment activity to which this press release relates
is available only to Relevant persons and will be engaged in only
with Relevant persons. Each person who is not a Relevant person
should not act or rely on the information contained in this press
release.

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[1] The over-allotment option may be used, once or several times, in
full or partly, by the Joint Lead Managers and Joint Bookrunners
during the 30 calendar days starting on the first day of trading in
Scandi Standard's shares on NASDAQ OMX Stockholm.

[2] All shares in the Company have equal voting rights, one vote per
share, which gives 60,060,890 votes in the Company.

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http://feed.ne.cision.com/client/waymaker1/WOLReleaseFile.aspx?id=284285...
http://mb.cision.com/Main/7156/9608766/261390.pdf

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