Dornbirn/Austria – The private equity firm KKR has sold its outstanding ordinary shares of Zumtobel Group, representing 5,5% of its share capital. The transaction was conducted over the counter through Bank Austria Creditanstalt AG. About 2,440,429 million ordinary shares were subsequently sold to various institutional investors.
The shareholder structure of the company will be as follows after the placement:
Around 34% Zumtobel family and 65,9% free float. The shares are listed on the Vienna Stock Exchange (ATX) since its initial public offering on 12 May 2006.
Cautionary note regarding forward-looking statements
This press release contains forward-looking statements. These statements are based on the current views, expectations and assumptions of the management of Zumtobel AG and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those described in such statements due to, among other things, changes in the general economic and competitive environment, risks associated with capital markets, currency exchange rate fluctuations and competition from other companies, changes in international and national laws and regulations, in particular with respect to tax laws and regulations, affecting Zumtobel AG, and other factors. Many of these factors may be more likely to occur, or more pronounced, as a result of terrorist activities and their consequences.
Zumtobel AG does not assume any obligation to update any forward-looking statements.