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  5. Prospectus for TRATON IPO
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News

Prospectus for TRATON IPO approved by BaFin and published

ADVERTISEMENT

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.

This press release is an advertisement and not a prospectus. Investors should not purchase or subscribe for any shares referred to in this press release except on the basis of information in the prospectus to be issued by the company in connection with the offering of such shares. Copies of the prospectus are available free of charge from TRATON SE, Dachauer Str. 641, 80995 Munich, Germany or on www.traton.com.

  • Prospectus approved by BaFin and available on TRATON’s IR website
  • Offer period will begin on June 17, 2019, and is expected to end on June 27, 2019
  • Cornerstone investor agreement with AMF Pensionsförsäkring AB on investment of EUR 200 million
  • Andreas Renschler: “The team at TRATON has worked hard and diligently to reach this point. Now roadshow and bookbuilding will begin.”

TRATON SE (“TRATON”) has reached another milestone on the way to its planned IPO: Following the announcement of the price range for the planned TRATON IPO by sole shareholder Volkswagen AG (“Volkswagen”) yesterday, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) today approved the securities prospectus.

Andreas Renschler, CEO of TRATON and member of the Board of Management of Volkswagen, said: “The whole team at TRATON has worked hard and diligently to reach this point. Now roadshow and bookbuilding will begin. We will now meet investors across the globe to convey our TRATON story and the future potential of the Group. We are confident that we will then be able to ring the Stock Exchange bell before the end of June if the market stays reasonable.”

Volkswagen and TRATON entered into a cornerstone investor agreement with the Swedish pension fund AMF Pensionsförsäkring AB (AMF). The fund has agreed to subscribe TRATON shares worth EUR 200 million. The investment is valid throughout the entire price range. The final number of shares subscribed by AMF depends on the placement price.

The price range for the shares has been set at EUR 27 to EUR 33 per share, corresponding to approximately SEK 288.92 to SEK 353.12, as calculated based on the EUR/SEK exchange rate on June 13, 2019, at 17.00 CEST. The first day of trading is expected on June 28, 2019.

Citigroup, Deutsche Bank, Goldman Sachs International and J.P. Morgan are acting as Joint Global Coordinators in connection with the planned transaction. BofA Merrill Lynch, Barclays, BNP PARIBAS, SEB as well as UniCredit Bank AG are Joint Bookrunners and COMMERZBANK, HSBC, Société Générale and Landesbank Baden-Württemberg have been appointed as Co-Lead Managers.
 

Disclaimer
This announcement does not contain or constitute an offer of, or the solicitation of an offer to buy or subscribe for, securities to any person in the United States, Australia, Canada, Japan, South Africa or in any jurisdiction to whom or in which such offer or solicitation is unlawful.

This release is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States of America would be made by means of a prospectus that could be obtained from TRATON SE and that would contain detailed information about the company and management, as well as financial statements. There will be no public offer of the securities in the United States of America.

Subject to certain exceptions under the Securities Act, the securities referred to herein may not be offered or sold in Australia, Canada, Japan or South Africa or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada, Japan or South Africa.

This announcement is an advertisement and not a prospectus. Investors should not purchase or subscribe for any shares referred to in this announcement except on the basis of information in the prospectus to be issued by the company in connection with the offering of such shares. Copies of the prospectus will, following approval of the German Financial Supervisory Authority (BaFin) and publication, be available free of charge from TRATON SE, Dachauer Straße 641, 80995 Munich, Germany or on the company’s website at www.traton.com under the section “Investor Relations.”

This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”) or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons are referred to herein as “relevant persons”). This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents. Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons.

A PROSPECTUS WILL BE PUBLISHED IN RELATION TO THE INITIAL PUBLIC OFFERING OF SHARES BY THE COMPANY REFERRED TO IN THIS DOCUMENT. A COPY OF THE PROSPECTUS WHEN PUBLISHED WILL BE AVAILABLE FROM TRATON SE.

THIS DOCUMENT IS NOT A PROSPECTUS BUT AN ADVERTISEMENT AND INVESTORS SHOULD NOT SUBSCRIBE FOR OR PURCHASE ANY SHARES REFERRED TO IN THIS ADVERTISEMENT EXCEPT ON THE BASIS OF THE INFORMATION CONTAINED IN THE PROSPECTUS.

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