Coty Inc. Announces Proposed Secondary Offering of Class A Common Stock by KKR
September 07 2021 - 4:57PM
Business Wire
Coty Inc. (NYSE:COTY) (“Coty”) today announced the commencement
of a registered public secondary offering of 50,000,000 shares of
Coty’s outstanding Class A common stock. All of the shares of Class
A common stock sold in the offering will be sold by KKR Rainbow
Aggregator L.P.
Coty is not selling any shares of Class A common stock and will
not receive any proceeds from the proposed offering.
Morgan Stanley is acting as the underwriter for the proposed
offering.
The offering will be made only by means of an effective
registration statement and a prospectus. Copies of the preliminary
prospectus supplement and the accompanying prospectus relating to
the proposed offering may be obtained from: Morgan Stanley at 180
Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus
Department. Copies of the preliminary prospectus supplement and the
related prospectus may also be obtained free of charge from the
website of the U.S. Securities and Exchange Commission (the “SEC”)
at http://www.sec.gov.
Coty has previously filed with the SEC a registration statement
(including a prospectus) on Form S-3 (File No. 333-248444), dated
August 27, 2020, as well as a preliminary prospectus supplement for
the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement, the prospectus supplement and other documents the issuer
has filed with the SEC for more complete information about the
issuer and this offering. Copies of the registration statement can
be accessed through the SEC’s website at www.sec.gov.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such
jurisdiction.
About Coty Inc.
Coty is one of the world’s largest beauty companies with an
iconic portfolio of brands across fragrance, color cosmetics, and
skin and body care. Coty is the global leader in fragrance, and
number three in color cosmetics. Coty’s products are sold in over
130 countries around the world. Coty and its brands are committed
to a range of social causes as well as seeking to minimize its
impact on the environment.
Forward-Looking Statements
The statements contained in this press release include certain
“forward-looking statements” within the meaning of the securities
laws. These forward-looking statements reflect Coty’s current views
with respect to, among other things, KKR’s proposed offering of
Coty’s Class A common stock and the timing thereof. These
forward-looking statements are generally identified by words or
phrases, such as “anticipate,” “are going to,” “estimate,” “plan,”
“project,” “expect,” “believe,” “intend,” “foresee,” “forecast,”
“will,” “may,” “should,” “outlook,” “continue,” “target,” “aim,”
“potential” and similar words or phrases. These statements are
based on certain assumptions and estimates that Coty considers
reasonable and are not guarantees of Coty’s future performance, but
are subject to a number of risks and uncertainties, many of which
are beyond Coty’s control, which could cause actual events or
results to differ materially from such statements, including KKR’s
ability to consummate the proposed offering and other factors
identified in “Risk Factors” included in Coty’s Annual Report on
Form 10-K for the fiscal year ended June 30, 2021 and subsequent
quarterly reports on Form 10-Q and other filings with the SEC. All
forward-looking statements made in this press release are qualified
by these cautionary statements. These forward-looking statements
are made only as of the date of this press release, and Coty does
not undertake any obligation, other than as may be required by law,
to update or revise any forward-looking or cautionary statements to
reflect changes in assumptions, the occurrence of events,
unanticipated or otherwise, or changes in future operating results
over time or otherwise.
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version on businesswire.com: https://www.businesswire.com/news/home/20210907005890/en/
Investor Relations Olga Levinzon 212-389-7733
Olga_Levinzon@cotyinc.com
Media Antonia Werther +31 621 394495
Antonia_Werther@cotyinc.com
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