Not for publication or distribution in the United States of America, Australia, Canada, Japan or South Africa or in any other jurisdiction in which offers or sales would be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.


VGG GmbH: Private placement of ordinary bearer shares in VARTA AG completed

05 December 2019
The core shareholder of VARTA AG ('VARTA' or 'Company', ISIN: DE000A0TGJ55, WKN: A0TGJ5, ticker: VAR1), Montana Tech Components AG via its wholly owned VGG GmbH (the 'Seller') sold in total 808,000 existing no-par value bearer shares in VARTA AG corresponding to approximately 2 % of all outstanding bearer shares, in a private placement to institutional investors. The shares have been placed at a price of EUR 121.00 per share, resulting in gross proceeds for the Seller of c. EUR 97.8 million. The proceeds from the sale shall support and finance capex and expansion programs of existing portfolio companies at the holding level of Montana Tech Components AG.

Following the placement Montana Tech Components AG holds indirectly approximately 58.3 % in VARTA AG. The Seller has agreed to a 180-day lock-up period on all remaining shares.

Berenberg acted as Sole Global Coordinator and Sole Bookrunner in connection with the placement.

The information was submitted for publication at 08:00 CET on 05 December 2019 by Joh. Berenberg, Gossler & Co. KG on behalf of VGG GmbH.

 

Disclaimer / Important Note
This publication may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Australia, Canada, Japan or South Africa or any other jurisdiction where such an announcement would be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This publication does not constitute an offer of securities for sale or a solicitation of an offer to purchase the above mentioned securities in the United States, Germany or any other jurisdiction.

The securities mentioned above have already been sold. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, any offer or commitment whatsoever in any jurisdiction.

The securities of VARTA AG have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The securities of VARTA AG may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act.