Ad hoc: Wacker Construction Equipment AG: Placement price for Wacker Construction Equipment AG shares is EUR 22.00

5/14/2007, 10:36 PM (Source: GlobeNewswire)
Wacker Construction Equipment AG / Misc. matters / Placement price for Wacker Construction Equipment AG shares is EUR 22.00 Ad hoc announcement according to §15 WpHG processed and transmitted by Hugin ASA. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- --------------

(Munich, May 14, 2007) Wacker Construction Equipment AG, together
with the selling shareholders and the global co-
ordinators Deutsche Bank, Sal. Oppenheim and UBS Investment Bank,
today set the placement price at EUR 22.00 per share.
The placement price is therefore at the upper end of the price range
of EUR 18.00 to EUR 22.00 per share. The issue was
oversubscribed many times. The Austrian Federal Competition Authority
has given clearance for the proposed merger with
Neuson Kramer Baumaschinen AG.

Issue volume amounts to about EUR 405 million
All of the offered 18,398,985 Wacker Construction Equipment AG shares
were placed during the offer period. Of this amount,
7,500,000 shares come from a capital increase, 8,499,117 come from
the selling shareholders and 2,399,868 shares were
owned by a selling shareholder from a greenshoe option granted by the
syndicate banks. This means that the issue volume
(including greenshoe option) amounts to about EUR 405 million. The
company is receiving gross proceeds of about EUR 165
million from the placement. The free float will amount to about 36
per cent if the greenshoe option is fully exercised.

Market capitalisation approx. EUR 1.0 billion at listing
After the IPO, the share capital of Wacker Construction Equipment AG
amounts to EUR 51.0 million, divided in 51.0 million
registered shares. The company holds about 4.3 million of these
shares (treasury shares). On the basis of the placement
price of EUR 22.00, the total market capitalisation of the company -
excluding treasury shares - amounts to about EUR 1.0

May 15, 2007 is to be the day of initial listing of the Wacker
Construction Equipment AG shares on the Official Market at the
Frankfurt Stock Exchange (Prime Standard). The shares are to be
delivered on May 18, 2007 against payment of the
placement price and the customary securities commission.

Clearance also obtained in Austria for the proposed merger with
Neuson Kramer
The Austrian Federal Competition Authority has now given clearance to
the merger with Neuson Kramer Baumaschinen AG
that is planned in the course of 2007. The German Federal Cartel
Office had given clearance last week.

Additional information about the Wacker Construction Equipment AG
Securities Identification number: WACK01
Listing requested: Official Market / Prime Standard; Frankfurt Stock
Registered office of the company: Germany

Wacker Construction Equipment AG
Imre Szerdahelyi
Corporate Communications Manager
Preussenstr. 41
80809 Munich
Tel. + 49 - 89 - 354 02 - 251

This publication constitutes neither an offer to sell nor an
invitation to buy securities. The offer in Germany will be made
exclusively by means of and on the basis of the German-language
prospectus which has been approved by the German
Federal Financial Supervisory Authority on 30 April 2007 and the
supplement no. 1 to this prospectus. The prospectus and
the supplement no. 1 are published on the websites of Wacker
Construction Equipment AG and available free of charge at the
company and the syndicate banks.

This document does not constitute an offer of securities for sale or
a solicitation of an offer to purchase securities in the
United States. The shares in Wacker Construction Equipment AG (the
"Shares") may not be offered or sold in the United States
absent registration or an exemption from registration under the U.S.
Securities Act of 1933, as amended. Neither Wacker
Construction Equipment AG nor any selling shareholder intends to
register any portion of the offering in the United States or
to conduct a public offering of the Shares in the United States.

This document is only being distributed to and is only directed at
(i) persons who are outside the United Kingdom or (ii) to
investment professionals falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion)
Order 2005 (the "Order") or (iii) high net worth entities, and other
persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order (all such persons
together being referred to as "relevant persons"). The Shares are
only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such securities will be
engaged in only with, relevant persons. Any person who is not a
relevant person should not act or rely on this document or
any of its contents.

--- End of Message ---

Wacker Construction Equipment AG
Preußenstr. 41 München

Listed: Amtlicher Markt in
Frankfurter Wertpapierbörse, Prime Standard in Frankfurter
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.