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  5. Volkswagen AG sets placement price at EUR 27.00 per TRATON share
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News

Volkswagen AG sets placement price at EUR 27.00 per TRATON share

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

This document is not a prospectus for the purposes of Directive 2003/71/EC, asamended by Directive 2010/73/EU, and as such does not constitute an offer tosell or the solicitation of an offer to purchase shares of TRATON SE. The offerperiod for the securities has already ended.

  • Placement of 57,500,000 shares (including over-allotments)
  • Volkswagen receives gross proceeds from placement of existing TRATON shares (assuming full exercise of the greenshoe option) corresponding to EUR 1.55 billion
     

The placement price for the shares of TRATON SE (“TRATON”) has been set at EUR 27.00 per share (the placement price of EUR 27.00 corresponds to SEK 284.70 as calculated based on the EUR/SEK exchange rate at 12:00 p.m. (noon) CEST on the last day of the offer period (June 27, 2019) as displayed on the Bloomberg website under www.bloomberg.com/quote/EURSEK:CUR). In total, 57,500,000 existing ordinary bearer shares from the holdings of Volkswagen AG (“Volkswagen”) are being placed with investors (including 7,500,000 shares to cover over-allotments).

Hans Dieter Pötsch, Chairman of the Supervisory Boards of Volkswagen and TRATON, said: “The successful IPO demonstrates the investors’ trust in TRATON’s future. It confirms that TRATON and Volkswagen are on the right track and that they are pursuing the right strategies. The IPO will provide a basis for both companies to create additional value for all their stakeholders going forward.”

Volkswagen will remain a committed majority shareholder and assuming full exercise of the greenshoe option the gross proceeds from the sale of the TRATON shares correspond to EUR 1.55 billion.

TRATON shares are scheduled to begin trading on the regulated market (regulierter Markt) of the Frankfurt Stock Exchange (Prime Standard) and the regulated market (reglerad marknad) of Nasdaq Stockholm (Large Cap Segment) under the ticker symbol 8TRA on June 28, 2019. The International Securities Identification Number (ISIN) is DE000TRAT0N7, and the German Securities Code (WKN) is TRAT0N.

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

.This document is not a prospectus for the purposes of Directive 2003/71/EC, asamended by Directive 2010/73/EU, and as such does not constitute an offer tosell or the solicitation of an offer to purchase shares of TRATON SE. The offerperiod for the securities has already ended.