First Management Consulting Company Listed On German Stock Exchange --Plaut AG Goes Public On the Neuer Markt; Issue Price for Plaut AG Shares is EUR 22.00.WALTHAM Waltham (wôl`thăm, –thəm), city (1990 pop. 57,878), Middlesex co., E Mass., a suburb of Boston, on the Charles River; settled c.1634, set off from Watertown 1738, inc. as a city 1884. , Mass.--(BUSINESS WIRE)--Nov. 10, 1999-- The price per share for the issue of up to 4,200,000 NPV NPV See: Net present value shares by Plaut Plaut is a surname, and may refer to:
This page or section lists people with the surname Plaut. AG of Salzburg Salzburg (zälts`b  rk), province (1991 pop. 482,365), c.2,760 sq mi (7,150 sq km), W central Austria, bordering Germany in the north and northwest. is EUR EURIn currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 22.00, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the sponsoring institution, DG Bank Deutsche Genossenschaftsbank AG of Frankfurt am Main. The subscription period ended on November 5, 1999. Shares were offered to interested investors within a price range of EUR 20.00 to 25.00 during a bookbuilding procedure. The overall subscription volume was 1.7 times higher than the offered volume of shares. Fourteen percent of the total issue volume was placed with domestic investors. Because of the over-subscription, shares will be allotted al·lot tr.v. al·lot·ted, al·lot·ting, al·lots 1. To parcel out; distribute or apportion: allotting land to homesteaders; allot blame. 2. to private investors based upon a uniform allotment A portion, share, or division. The proportionate distribution of shares of stock in a corporation. The partition and distribution of land. ALLOTMENT. Distribution by lot; partition. Merl. Rep. h.t. formula. For private investors who have a securities deposit account at one of the consortium banks Consortium banks A merchant banking subsidiary set up by several banks that may or may not be of the same nationality. Consortium banks are common in the Euromarket and are active in loan syndication. or an institute associated with the consortium banks, and who have submitted their purchase bid there, the following allotment criteria will apply: for a minimum subscription quantity of 100 shares, each deposit account can be allotted 90% of its subscription. Two percent of the issue volume was allotted directly by Plaut AG. The remaining 84 percent of the issue volume went to 77 institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , of which 28 were domestic and 49 were from other countries. Each institutional investor received a maximum allotment of 360,000 shares. Following the flotation flotation or froth flotation Most widely used process for extracting many minerals from their ores. The method separates and concentrates ores by altering their surfaces so that they are either repelled or attracted by water. of Plaut stock planned for November 9, 1999, all interested investors will be able to purchase shares directly on the Neuer Markt in Frankfurt. The security identification code is 918 703. -0-
New Issue by Plaut AG
Issue price EUR 22.00 per NPV share
Quantity EUR %
Issue volume, 4,200,000 92.4 mill. 100
including Greenshoe
Capital increase 2,100,000 46.2 mill. 50
Shares exchanged 1,620,000 35.64 mill. 39
Greenshoe 480,000 10.56 mill. 11
Lead manager DG BANK
Subscription period November 2 - 5, 1999
Procedure Bookbuilding
Price range EUR 20.00 - 25.00
Market protection
agreement 6 months
Profit sharing
entitlement Full entitlement to profit sharing for
current fiscal year
(as of January 1, 1999)
First listing November 9, 1999 on Neuer Markt
Value date November 10, 1999
Demand
Number of EUR % of demand
shares
Private investors 738,214 16.24 mill. 10
Number of customers 2,957
Institutional investors 6,559,399 144.31 mill. 90
Number of customers 125
Total demand 7,297,613 160.55 mill. 100
Subscription factor 1.7
Allotment
Number of EUR % of
shares issue
volume
to private investors 576,327 12.68 mill. 14
Allotment formula (general) Each deposit account receives 90%
of its subscription
to institutional investors 3,525,822 77.57 mill. 84
Maximum allotment per
institution 360,000 7.92 mill. 8.6
Domestic 1,762,223 28 42
Foreign 1,763,599 49 42
of foreign, in Europe 543,981 22 12.96
Institutional subscribers 500,000 4 11.9
who are cooperatives,
including clients managed
by the consortium
by Plaut AG 97,851 2.15 mill. 2
Total allotment 4,200,000 92.4 mill. 100
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