News Detail

DGAP-News: Sixt Leasing AG / Key word(s): IPO

2015-05-07 / 00:52

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IPO of Sixt Leasing AG: Issue price fixed at EUR 20.00 per share

  - Issue price within upper half of price range

  - Total gross volume of placement at around EUR 215.1 million (resp.
    around EUR 247.3 million including over-allotment)

  - Gross proceeds from capital increase of around EUR 111.7 million

  - Trading of shares on the Frankfurt Stock Exchange is expected to start
    on 7 May 2015

  - Dr. Rudolf Rizzolli, CEO: "The very strong demand shows that investors
    have great confidence in our business model."

Pullach, 6 May 2015 - Sixt SE, the syndicate banks and Sixt Leasing AG
fixed the issue price for the shares of Sixt Leasing AG to be offer via the
IPO (or the "offer") at EUR 20.00 per share. Due to the very strong demand,
the issue price is within the upper half of the price range of EUR 17.90 to
EUR 21.30. A total of 12,366,955 shares of Sixt Leasing AG was placed, of
which 5,586,593 were new shares from a cash capital increase of Sixt
Leasing AG, 5,167,281 shares from the holdings of Sixt SE and 1,613,081
additional shares from the holdings of Sixt SE in connection with an
over-allotment ("Over-Allotment Shares").

The offer was oversubscribed multiple times at the issue price. The major
part of shares from the manufacturer-neutral service provider of fleet
leasing, fleet management and online retail solutions was placed with
institutional investors from Germany and Europe. Of the offered shares 
96.7 percent were allotted to institutional investors and 3.3 percent to
retail investors (Privatanleger). Retail investors (Privatanleger) were
allotted  in accordance with the "Principles for the Allotment of Share
Issues to Private Investors" published by the Commission of Stock Exchange
Experts (Börsensachverständigenkommission) at the Federal Ministry of
Finance.

The total gross volume of the placement (prior to deduction of IPO costs)
amounts to around EUR 215.1 million (resp. around EUR 247.3 million
including the full placement of the Over-Allotment Shares). Sixt Leasing
AG's gross proceeds from the placement of the new shares amount to around
EUR 111.7 million. In combination with the equity injection made by Sixt SE
prior to the IPO in the amount of EUR 30.0 million, the equity of Sixt
Leasing AG is increased by a total of around EUR 141.7 million. Following
the IPO, assuming the greenshoe option in respect of the Over-Allotment
Shares granted to the syndicate banks is not exercised, Sixt SE will hold
approximately 48 % of the share capital of Sixt Leasing AG. Assuming that
the greenshoe option is exercised in full, Sixt SE will hold around 40 %.

The shares of Sixt Leasing AG are expected be traded on the regulated
market (Prime Standard) of the Frankfurt stock exchange as of 7 May 2015
and will have the ticker symbol LNSX, the German Securities Identification
Number (WKN) A0DPRE and the International Securities Identification Number
(ISIN) DE000A0DPRE6.

Sixt Leasing AG intends to use the proceeds from the IPO to reduce its
current external financial liabilities in order to strengthen its capital
base, creating the financial leeway for ongoing growth and a further
increase in its profitability by reducing its interest payments.

Dr. Rudolf Rizzolli, CEO of Sixt Leasing AG: "The very encouraging demand
from German and foreign investors shows that the capital market has
recognised the excellent growth opportunities that we foresee for our
company in the upcoming years. We are very pleased with the market's
response and take this to be clear proof of trust in our business model."

Berenberg and COMMERZBANK acted as Joint Global Coordinators and Joint
Bookrunners, Baader Bank as further Joint Bookrunner.

Contact:
Sixt Leasing AG
Press Office
Frank Elsner 
Tel.: +49 - 89 - 99 24 96 30
Fax: +49 - 89 - 99 24 96 32
E-Mail: [email protected]

Forward-Looking Statements: 
This release may contain forward-looking statements based on current
assumptions and forecasts made by Sixt Leasing Group. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the Company and the estimates given here.
These factors include those discussed in Sixt SE's public reports which are
available on the Sixt SE website at http://ir.sixt.eu. The Company assumes
no liability whatsoever to update these forward-looking statements or to
conform them to future events or developments.

Disclaimer: 
These materials may not be published, distributed or transmitted in the
United States, Canada, Australia or Japan. These materials do not
constitute an offer of securities for sale or a solicitation of an offer to
purchase securities (the "Shares") of Sixt Leasing AG (the "Company") in
the United States, Germany or any other jurisdiction. The Shares of the
Company may not be offered or sold in the United States absent registration
or an exemption from registration under the U.S. Securities Act of 1933, as
amended (the "Securities Act"). The Shares of the Company have not been,
and will not be, registered under the Securities Act. Any sale in the
United States of the securities mentioned in this communication will be
made solely to "qualified institutional buyers" as defined in, and in
reliance on, Rule 144A under the Securities Act.

In the United Kingdom, this document is only being distributed to and is
only directed at persons who (i) are investment professionals falling
within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are
persons falling within Article 49(2)(a) to (d) of the Order (high net worth
companies, unincorporated associations, etc.) (all such persons together
being referred to as "Relevant Persons").  This document is directed only
at Relevant Persons and must not be acted on or relied on by persons who
are not Relevant Persons.  Any investment or investment activity to which
this document relates is available only to Relevant Persons and will be
engaged in only with Relevant Persons.

This publication constitutes neither an offer to sell nor a solicitation to
buy any securities.  The securities have already been sold.



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2015-05-07 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
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Language:    English                                         
Company:     Sixt Leasing AG                                 
             Zugspitzstraße 1                                
             82049 Pullach                                   
             Germany                                         
Phone:       +49 (0)89 744 44 - 5104                         
Fax:         +49 (0)89 744 44 - 8 5104                       
E-mail:      [email protected]                      
Internet:    http://www.sixt-leasing.de                      
ISIN:        DE000A0DPRE6                                    
WKN:         A0DPRE                                          
Listed:      Regulated Market in Frankfurt (Prime Standard)  
 
 
End of News    DGAP News-Service  
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