Lucas Bols IPO priced at €15.75 per share

Lucas Bols Holding B.V. (“Lucas Bols” or the “Company”), a 440 year old leading global spirits player, today announces that the ordinary shares offered in the initial public offering (“IPO” or the “Offering”) of Lucas Bols on Euronext Amsterdam have been priced at €15.75 per ordinary share (the “Offer Price”).

Offering highlights

  • Price per ordinary share sold in the IPO of €15.75 gives Lucas Bols a market capitalisation of €196 million
  • The IPO was well oversubscribed at the Offer Price
  • Pursuant to the Offering, 8,104,191 ordinary shares have been allotted, leading to a total offering size of €128 million, assuming no exercise of the over-allotment option
  • The Company will issue 7,999,191 new ordinary shares resulting in gross proceeds to Lucas Bols of €126 million and (senior) management will sell 105,000 existing ordinary shares
  • In addition, the Joint Global Coordinators have been granted an over-allotment option of up to 15% of the total number of ordinary shares sold in the IPO, pursuant to which the Joint Global Coordinators may require AAC Capital and several GSC funds under the management of Black Diamond Capital Management LLC to sell at the Offer Price up to 1,215,628existing ordinary shares in the aggregate
  • Conditional trading in the ordinary shares (on an “as-if-and-when-delivered” basis) on Euronext Amsterdam is expected to commence on 4 February 2015 at 09.00 CET