Nanogate AG: Initial trading at €32.30
Saarbrücken, 18 October 2006. Nanogate AG (ISIN DE000A0JKHC9) today made a successful start to trading: the first share price was at €32.30 above the issue price of €32.00. The nanotechnology company is listed on the Entry Standard of the Frankfurt Stock Exchange.
Ralf Zastrau, CEO of Nanogate AG: “With the proceeds from the IPO we can now implement our growth strategy as planned. We intend to expand our leading position as an enabler, as nanotechnology is currently seeing global competition for markets and technologies.” The Saarbrücken-based company therefore intends to reinforce its international presence, through further joint ventures or equity investments. The aim is also to expand and develop new business areas, for example in the tribology sector for minimising friction or wear and tear and in technology platforms. In addition, development and production capacities are to be expanded.
As an enabler, Nanogate bridges the gap between producers of raw materials and of industrial conversion into products on the basis of platform strategies, and is therefore active in one of the most attractive segments of the nanotechnology market. The company has been operational since 1999 and cooperates with international sales-driven groups such as DowCorning and ESK Ceramics to develop new technologies and products and to gain rapid market coverage. Customers include such well-known companies as ABB, Giesecke & Devrient, BSH, Kärcher and Koenig & Bauer. In the first half of 2006 Nanogate Group sales increased by 61% to around €3.7 million with an EBIT of some €0.7 million (EBIT margin: 19.1%). In view of the dynamic market growth and the current share offering, the company is not announcing its forecasts for future business development.
The total volume of the share issue was around €19.3 million (incl. over-allotment). 603,000 shares were sold, of which 400,000 shares represented a capital increase. The free float is about 28% (before the over-allotment option). The IPO was managed by Landesbank Baden-Württemberg as lead manager and sole bookrunner and the Frankfurt investment bank equinet Securities AG as co-lead manager.
Disclaimer:
This publication constitutes neither an offer to sell nor an invitation to buy securities. The shares in Nanogate AG (the "Shares") may not be offered or sold in the United States or to or for the account or benefit of "U.S. persons" (as such term is defined in Regulation S under the U.S. Securities Act of 1933, as amended (the "Securities Act")). No offer or sale of transferable securities is being made to the public outside Germany. The offer in Germany will be made exclusively by means of and on the basis of a prospectus published and available free of charge at Nanogate AG, Gewerbepark Eschbergerweg, D-66121 Saarbrücken, Landesbank Baden-Württemberg, Am Hauptbahnhof 2, D-70173 Stuttgart and equinet Securities AG, Gräfstraße 97, D-60487 Frankfurt and will additionally be published on the website of the company at www.nanogate.com/.
