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


EQS-News: Citigroup Global Markets Europe AG / Key word(s): Miscellaneous

RENK Group AG – Pre-stabilization announcement

02/09/2024 / 08:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

February 6, 2024

Do not distribute, directly or indirectly, into the United States or any jurisdiction in which such distribution would be unlawful.

RENK SA Group

Announcement of the pre-stabilization period

Citigroup Global Markets Europe AG (contact: Nikolaus Dominkus; telephone: +496913668312) hereby informs, as stabilization coordinator, that the stabilization manager named below can stabilize the offering of the following securities in accordance with the Delegated Regulation of the Commission EU/960/2016 under the Market Abuse Regulation (EU/596/2014).

The titles :
Issuer : RENK SA Group (“RENK”)
Description: -Offering of existing bearer ordinary shares without par value of RENK
-ISIN: DE000RENK730
-WKN: RENK73
-Ticket: R3NK
Offer size: 29,855,072 shares (excluding over-allotment option)
Stabilization:
Stabilization manager: Citigroup Global Markets Europe AG, 51 Reuterweg 16, 60323 Frankfurt am Main, Germany
The stabilization period should start on: February 7, 2024
The stabilization period should end at the latest: March 8, 2024
Existence, maximum size and conditions of use of the over-allotment facility: Up to 3,478,261 shares
The Stabilization Manager may over-allocate securities to the extent permitted under applicable law.
Stabilization trading platform: Trading platforms where stabilization can be undertaken: Frankfurt Stock Exchange, Xetra, BATS Europe, Berlin Stock Exchange, Chi-X Exchange, Düsseldorf 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 offering of the securities above, the Stabilization Manager may over-allocate the securities or effect transactions with a view to supporting the market price of the securities during the stabilization period at a level higher than that which might otherwise prevail. . However, stabilization will not necessarily occur and any stabilization action, if started, may cease at any time. Any stabilization action or over-allotment will 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 subscribe, subscribe for or acquire or dispose of securities of the issuer in any jurisdiction.

This announcement and the offer of the securities to which it relates are only addressed to and intended for persons outside the United Kingdom and persons in the United Kingdom who have professional experience in matters relating to investments or who are high net worth individuals within the meaning of section 12(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 and must not be used or relied upon by any other person in the United Kingdom.

If and to the extent that this announcement is communicated or the offer of the securities to which it relates is made in a Member State of the EEA before the publication of a prospectus relating to the securities which has been approved by the competent authority of that Member State in accordance with Regulation (EU) 2017/1129 (the “Prospectus Regulations“) (or which has been approved by a competent authority in another Member State and notified to the competent authority of that Member State in accordance with the Prospectus Regulation), this announcement and the offer are only addressed to and intended for persons in that Member State 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 who must not be solicited or relied upon by other persons in that Member State.

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

This announcement does not constitute an offer to sell any securities in 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 offering of securities in the United States.

This information is provided by RNS, the information service of the London Stock Exchange. RNS is authorized by the Financial Conduct Authority to act as a leading information provider in the UK. Terms and conditions relating to the use and distribution of this information may apply. For more information, please contact [email protected] or visit www.rns.com.

02/09/2024 CET/CEST Broadcast of Corporate News, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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