MILAN, December 2, 2013 /PRNewswire/ --
On November 27, Moncler announced the launch of its IPO on the Telematic Stock Market (Mercato Telematico Azionario (MTA)) of the Italian Stock Exchange.
In connection with this IPO, ECIP M, a company controlled by Eurazeo, would offer for sale 36.85% of its shareholding interest (as part of the full exercise of the greenshoe option involving 15% of the Global Offering). Based on the maximum sale percentage, in the six days following the completion of the IPO, ECIP M would assign 5.08% of Moncler's capital to its shareholders other than Eurazeo and its co-investment fund Eurazeo Partners and would therefore hold 23.33% of Moncler's capital.
Eurazeo would thus sell approximately 37% of its investment in Moncler and would hold at the end of this transaction, including through its investment in Eurazeo Partners, 19.71% of the share capital of Moncler.
To view the Multimedia News Release, please click:
http://www.multivu.com/mnr/64154-Eurazeo-Moncler-IPO-clearance
MONCLER HAS FILED ITS PROSPECTUS FOR AN INITIAL PUBLIC OFFERING AND THE ADMISSION OF COMPANY'S ORDINARY SHARES TO TRADING ON THE MERCATO TELEMATICO AZIONARIO, MANAGED BY BORSA ITALIANA S.P.A.
- The Global Offering consists of up to 66,800,000 Ordinary Shares sold by the Selling Shareholders, representing 26.7% of the Company's share capital (or 30.7% assuming the full exercise of the Greenshoe Option);
- The Italian Public Offering will begin on Thursday 28 November 2013 and will end at 1.30 p.m. on Wednesday 11 December 2013;
- The Institutional Offering and the Japanese Public Offering have begun on Wednesday 27 November 2013 and will end on Wednesday 11 December 2013;
- The indicative price range of the Offering is expected to be between a non-binding minimum of Euro 2,187.50 million and a binding maximum of Euro 2,550.00 million, equal to a non-binding minimum price of Euro 8.75 per Ordinary Share and a binding maximum price of Euro 10.20 per Ordinary Share.
The Global Offering consists of :
- an Italian Public Offering of up to 6,680,000 Shares, representing approximately 10% of the Global Offering, addressed to the general public in Italy; and
- a simultaneous offering to institutional investors of up to 60,120,000 Shares, representing approximately 90% of the Global Offering, to institutional investors outside the United States pursuant to Regulation S of the United States Securities Act of 1933, as amended, and in the United States of America, limited to "Qualified Institutional Buyers" pursuant to Rule 144A of the United States Securities Act of 1933, as amended, and specific categories of investor in the provinces of Canada. As part of the Institutional Placement up to 6,680,000 Shares, or approximately 10% of the Global Offering, will be reserved for offering to the public in Japan without a listing of the Shares (Public Offering Without Listing or POWL).
Video: http://www.multivu.com/mnr/64154-Eurazeo-Moncler-IPO-clearance
