Ad-hoc Announcement: Zumtobel AG announces partial Exercise of Over-Allotment Option
Not for publication in the United States of America, Canada, Australia and Japan. Announcement of Exercise of Over-allotment option: Zumtobel AG
In connection with the Offer in relation to the following Ordinary Shares: Zumtobel AG Ordinary Bearer Shares of no par value (the "Shares”) ISIN: AT 0000837307
Zumtobel AG announces that, in connection with the Offer of 25,595,638 Shares, UBS Limited as sta-bilising manager on behalf of the syndicate, has exercised the over-allotment option granted by Wen-gen Alberta, Limited Partnership, an affiliate of Kohlberg Kravis Roberts & Co. (KKR), in respect of 1,398,917 Shares today. Zumtobel will not receive any of the EUR 28.7 million gross proceeds arising from the exercise of the over-allotment option.
Including the exercise of the over-allotment option, the total size of the Offer is EUR 553.4 million (26,994,555 Ordinary Shares) representing a free float of approximately 60.4%. Following the exercise of the over-allotment option, KKR will own approximately 5.5% of Zumtobel’s Shares.
On May 10, 2006 the Offer Price of Zumtobel Shares was set at EUR 20.50. The stabilisation period commenced at 8am on May 12, 2006 and terminated today with the notice to exercise the Over-allotment Option.
This press release constitutes neither an offer to sell nor a solicitation to buy any securities. The secu-rities have already been sold.This press release is not being issued in the United States of America and must not be distributed to U.S. persons (as defined in Regulation S of the U.S. Securities Act of 1933, as amended ("Securities Act")) or publications with a general circulation in the United States. This press release does not constitute an offer or invitation to purchase any securities in the United States. The securities of Zumtobel AG have not been registered under the Securities Act and may not be offered, sold or delivered within the United States or to U.S. persons absent from registration under or an applicable exemption from the registration requirements of the United States securities laws.