Mutares: Portfolio company Nordec Group Corporation is planning an IPO on the Nasdaq First North Growth Market Finland and listing on or about June 23, 2022

Publication of inside information pursuant to Article 17 MAR of Regulation (EU) No. 596/2014

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, HONG KONG, NEW ZEALAND, SINGAPORE OR SOUTH AFRICA OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL. PLEASE NOTE THE IMPORTANT INFORMATION AT THE END OF THIS ANNOUNCEMENT.

 

Mutares: Portfolio company Nordec Group Corporation is planning an IPO on the Nasdaq First North Growth Market Finland and listing on or about June 23, 2022

Munich, June 6, 2022 – Nordec Group Corporation (“Nordec” or the “Company”), a portfolio company of Mutares SE & Co KGaA (ISIN: DE000A2NB650) (“Mutares”) intends an initial public offering (IPO) with subsequent listing on Nasdaq First North Growth Market Finland, a multilateral marketplace maintained by Nasdaq Helsinki Ltd. (“IPO”). Trading of the shares on the Nasdaq First North Growth Market Finland is expected to commence on or about June 23, 2022.

In the IPO, Nordec’s current sole shareholder, Donges SteelTec GmbH (“Donges”), a wholly-owned subsidiary of Mutares, will offer to purchase a certain part of its shares in Nordec. Mutares aims to raise net proceeds of up to approximately EUR 22 million from this partial exit of Donges. After the IPO, the remaining shareholding of Donges will fall to below 50% with a current valuation of approximately EUR 30 million.

Nordec and Donges will jointly decide on the execution of the IPO, the final number of offered shares and the allocation of offered shares on or about June 22, 2022.

Disclaimer

This announcement is not being made in and copies of it may not be distributed or sent into the United States, the United Kingdom, Canada, Australia or Japan.

This document is not a prospectus for the purposes of the Prospectus Regulation (EU) 2017/1129 (the “Prospectus Regulation”) and underlying legislation. A prospectus prepared pursuant to the Prospectus Regulation and approved by the Finnish Financial Supervisory Authority will be published.

This announcement does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States. The securities referred to herein may not be sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The Company does not intend to register any of the securities in the United States or to conduct a public offering of the securities in the United States.

In any member state of the European Economic Area other than Finland, Sweden or Denmark or in the United Kingdom (each a “Relevant State”), this information and this offering are only addressed to and directed at persons who are “Qualified Investors” within the meaning of Article 2(e) of the Prospectus Regulation. The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, Qualified Investors. This information should not be acted upon or relied upon in any Relevant State by persons who are not Qualified Investors.

This communication does not constitute an offer of the securities to the public in the United Kingdom. No prospectus has been or will be approved in the United Kingdom in respect of the securities. This communication is being distributed to and is directed only at (i) persons who are outside the United Kingdom, (ii) persons who are investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth entities, and other persons to whom this announcement may lawfully be communicated, falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “Relevant Persons”). Any investment activity to which this communication relates will only be available to and will only be engaged with, Relevant Persons. Any person who is not a Relevant Person should not act or rely on this document or any of its contents.

Matters discussed in this announcement may constitute forward-looking statements. Forward-looking statements are statements that are not historical facts and may be identified by words such as “believe,” “expect,” “anticipate,” “intends,” “estimate,” “will,” “may,” “continue,” “should” and similar expressions. The forward-looking statements in this release are based upon various assumptions, many of which are based, in turn, upon further assumptions. Although the Company believes that these assumptions were reasonable when made, these assumptions are inherently subject to significant known and unknown risks, uncertainties, contingencies and other important factors, which are difficult or impossible to predict and are beyond its control. Such risks, uncertainties, contingencies and other important factors could cause actual events to differ materially from the expectations expressed or implied in this release by such forward-looking statements.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.

 

For more information, please contact:

Mutares SE & Co. KGaA
Investor Relations
Phone +49 89 9292 7760
E-mail: [email protected]
www.mutares.de

Contact Press

CROSS ALLIANCE communication GmbH
Susan Hoffmeister
Phone +49 89 125 09 0333
E-mail: [email protected]
www.crossalliance.de