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Goldrooster Plans To Launch Its IPO In Germany - Quick Facts

4/24/2012 4:44 AM ET

Goldrooster AG, the German holding company of Goldrooster Group, said it is planning to launch its IPO in Germany. The commencement of trading and the inclusion of Goldrooster AG's shares in the Frankfurt stock market's Entry Standard are envisaged for May 18, 2012.

The initial public offering will include up to 5.75 million no par value ordinary bearer shares, of which up to 5 million shares are from a capital increase. The greenshoe option extends to up to 750 thousand shares and will be provided by existing shareholders. Full placement and exertion of the greenshoe option would see the free-float amount to 23 percent.

Existing shareholders have committed to a lock-up period of 12 months from the commencement of trading in Goldrooster AG's shares, during which none of their shares may be sold.

The offer price will be announced after approval of the prospectus. The subscription period is expected to begin on 2 May and will end on 15 May, 12:00 a.m.

Goldrooster AG added that it plans to use the funds from its IPO to further expand its profitable growth.

by RTT Staff Writer

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