ANALYST PRESENTATION - Adler
ANALYST PRESENTATION - Adler
ANALYST PRESENTATION - Adler
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Overview of the offering<br />
Issuer � <strong>Adler</strong> Modemärkte AG<br />
Offering structure<br />
ADLER | <strong>ANALYST</strong> <strong>PRESENTATION</strong><br />
� Public offering in Germany<br />
� International private placement to institutional investors outside the US according to Reg S<br />
Listing � Frankfurt Stock Exchange (Prime Standard)<br />
Current shareholder structure � bluO (100%)<br />
Offering size<br />
� Primary shares of approx. €30m proceeds<br />
� Additional secondary shares to achieve free float of approx. 55% in base deal<br />
Greenshoe � Greenshoe of up to 15% of the base deal (secondary shares)<br />
Use of primary proceeds<br />
Lock-up<br />
Syndicate structure<br />
Management incentive<br />
scheme<br />
� Growth financing (store roll-out and external growth)<br />
� Expansion of shop-in-shop concepts with external brands<br />
� Financing of store refurbishment programme<br />
� Company and management: 12 months<br />
� Selling shareholder: 6 months<br />
� Sole Global Coordinator / Sole Bookrunner: Commerzbank<br />
� Co-Bookrunner: Crédit Agricole CIB<br />
� Long term management incentive plan for senior management team (stock appreciation rights)<br />
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