EQS-News: RENK Group AG – Pre-Stabilisation Announcement

EQS-News: Citigroup Global Markets Europe AG

/ Key word(s): Miscellaneous

RENK Group AG – Pre-Stabilisation Announcement

09.02.2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

6 February 2024

 

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

 

RENK Group AG

 

Pre-stabilisation Period Announcement

 

Citigroup Global Markets Europe AG (contact: Nikolaus Dominkus; telephone: +496913668312) hereby gives notice, as Stabilisation Coordinator, that the Stabilisation Manager named below may stabilise the offer of the following securities in accordance with Commission Delegated Regulation EU/960/2016 under the Market Abuse Regulation (EU/596/2014).

 

The securities:  
Issuer: RENK Group AG (“RENK”)
Description: -Offering of existing ordinary bearer shares with no par value of RENK
-ISIN: DE000RENK730
-WKN: RENK73
-Ticker: R3NK
Offer size: 29,855,072 shares (excluding the over-allotment option)
Stabilisation:  
Stabilisation Manager: Citigroup Global Markets Europe AG, 51 Reuterweg 16, 60323 Frankfurt am Main, Germany
Stabilisation period expected to start on: 7 February 2024
Stabilisation period expected to end no later than: 8 March 2024
Existence, maximum size and conditions of use of over‑allotment facility: Up to 3,478,261 shares
The Stabilisation Manager may over‑allot the securities to the extent permitted in accordance with applicable law.
Stabilisation trading venue: Trading venues where stabilisation may be undertaken: Frankfurt Stock Exchange, Xetra, BATS Europe, Berlin Stock Exchange, Chi-X Exchange, Dusseldorf Stock Exchange, Equiduct MTF, Eurocac Stock Exchange, Hamburg Stock Exchange, Hanover Stock Exchange, IBIS, Munich Stock Exchange, Stuttgart Stock Exchange, Turquoise MTF, VirtX Exchange

 

 

In connection with the offer of the above securities, the Stabilisation Manager may over‑allot the securities or effect transactions with a view to supporting the market price of the securities during the stabilisation period at a level higher than that which might otherwise prevail. However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time. Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and directed at persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters related to investments or who are high net worth persons within Article 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be acted on or relied on by other persons in the United Kingdom.

If and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, any EEA Member State before the publication of a prospectus in relation to the securities which has been approved by the competent authority in that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus Regulation“) (or which has been approved by a competent authority in another Member State and notified to the competent authority in that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and directed at persons in that Member State who are qualified investors within the meaning of the Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in that Member State.

If and to the extent that this announcement is communicated in, or the offer of the securities to which it relates is made in, the UK before the publication of a prospectus in relation to the securities which has been approved by the competent authority in the UK in accordance with Regulation (EU) 2017/1129 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (the “UK Prospectus Regulation“), this announcement and the offer are only addressed to and directed at persons in the UK who are qualified investors within the meaning of the UK Prospectus Regulation (or who are other persons to whom the offer may lawfully be addressed) and must not be acted on or relied on by other persons in the UK.

This announcement is not an offer of securities for sale into the United States. The securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

09.02.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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