Uniwheels proceeding with IPO and Warsaw Stock Exchange listing

Uniwheels AG says it is proceeding with plans for a public offering and it will apply for listing and trading of the company’s shares on the Warsaw Stock Exchange. Plans are to conduct the offering in the second quarter of 2015, however the wheel manufacturer comments that the exact date will depend on market conditions.

Up to 2,400,000 newly-issued shares plus up to 2,400,000 shares offered by existing shareholder Uniwheels Holding (Malta) Ltd. will be included in the planned initial public offering. At present, Uniwheels Holding (Malta) Ltd. is the sole company shareholder and possesses 10,000,000 shares, representing 100 per cent of capital and 100 per cent of voting rights. Company founder and chief executive officer Ralf Schmid holds 92 per cent of voting rights in Uniwheels Holding (Malta) Ltd., and Michael Schmid holds the remaining eight per cent.

The offering will consist of a public offering to retail and institutional investors in Poland and a private placement for institutional investors outside the United States (excluding Poland) in reliance on Regulation S under the U.S. Securities Act of 1933. There will be no public offering outside of Poland. Uniwheels plans to use the net proceeds of the offering to partly finance construction of its new production facility in Poland.

All details of the offering will be made available in a prospectus following approval by the German Federal Financial Supervisory Authority (BaFin) and passporting of the prospectus to the Polish Financial Supervisory Authority (KNF). Dom Maklerski mBanku S.A. is acting as global coordinator, joint bookrunner and joint offering agent, mCorporate Finance S.A. is acting as a Corporate Finance Advisor, mBank S.A. is acting as underwriter and Bank Zachodni WBK S.A. is acting as a joint bookrunner, joint offering agent and underwriter.

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