Goldman Sachs International Stabilisation Notice (9392G)
July 26 2019 - 1:30PM
UK Regulatory
TIDMUK17 TIDMTTM
RNS Number : 9392G
Goldman Sachs International
26 July 2019
Not for distribution, directly or indirectly, in or into the
United States, Australia, Canada or Japan.
TRATON SE
Stabilisation Notice in accordance with Articles 6(3) and 8(f)
of Commission Delegated Regulation (EU) 2016/1052 (Exercise of
Greenshoe Option and End of Stabilisation Period)
26 July 2019
Goldman Sachs International, acting as the stabilization manager
in connection with the initial public offering of TRATON SE
("TRATON"), has today informed Volkswagen Aktiengesellschaft that
the following stabilization measures were carried out during the
stabilization period from 28 June until 26 July 2019 in relation to
the ordinary bearer shares of TRATON (ISIN: DE000TRAT0N7; WKN:
TRAT0N7), which started trading on the regulated market (Prime
Standard) of the Frankfurt Stock Exchange on
28 June 2019:
Execution Date Lowest Price Highest Price Trading Venue
28 June 2019 26.270 27.000 XETR
------------------ ------------------- -----------------------
01 July 2019 26.525 26.945 XETR
------------------ ------------------- -----------------------
02 July 2019 26.650 27.000 XETR
------------------ ------------------- -----------------------
05 July 2019 26.885 27.000 XETR
------------------ ------------------- -----------------------
08 July 2019 26.765 26.985 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
09 July 2019 26.300 26.930 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
10 July 2019 26.460 26.825 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
XETR, BATE,
11 July 2019 26.635 26.980 CHI-X, OTC
------------------ ------------------- -----------------------
12 July 2019 26.725 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
15 July 2019 26.920 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
18 July 2019 26.750 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
19 July 2019 26.770 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
22 July 2019 26.260 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
23 July 2019 26.635 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
24 July 2019 26.535 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
25 July 2019 26.640 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
26 July 2019 26.850 27.000 XETR, BATE, CHI-X
------------------ ------------------- -----------------------
In addition, TRATON was informed that, on 26 July 2019, the
stabilization manager had exercised the greenshoe option granted by
the selling shareholder (Volkswagen Aktiengesellschaft) in
connection with over-allotments for 1,376,275 ordinary bearer
shares with no-par value of TRATON SE.
Disclaimer and Other Notices
This announcement is for information only and does not
constitute an offer or invitation to underwrite, subscribe for or
otherwise acquire or dispose of any securities or investment advice
in any jurisdiction in which such an offer or solicitation is
unlawful, including without limitation, the United States,
Australia, Canada, or Japan. Any failure to comply with these
restrictions may constitute a violation of the securities laws of
such jurisdictions.
This announcement and the information contained herein, is not
an offer of securities for sale in, and is not for transmission to
or publication, distribution or release, directly or indirectly, in
the United States of America (including its territories and
possessions, any state of the United States of America and the
District of Columbia) (the "United States"). The securities being
offered have not been and will not be registered under the US
Securities Act of 1933, as amended (the "Securities Act"), or under
any applicable securities laws of any state or other jurisdiction
of the United States and may not be offered, sold, resold,
transferred or delivered, directly or indirectly, in the United
States unless registered under the Securities Act or pursuant to an
exemption from, or in a transaction not subject to, such
registration requirements and in accordance with any applicable
securities laws of any state or other jurisdiction of the United
States. No public offering of the securities discussed herein is
being made in the United States.
Solely for the purpose of the product governance requirements
contained within (a) EU Directive 2014/65/EU of the European
Parliament and of the Council of 15 May 2014 on markets in
financial instruments, as amended ("MiFID II"); (b) Articles 9 and
10 of Commission Delegated Directive (EU) 2017/593 supplementing
MiFID II; and (c) local implementing measures (together, the "MiFID
II Product Governance Requirements"), and disclaiming all and any
liability, whether arising in tort, contract or otherwise, which
any "manufacturer" (for the purposes of the MiFID II Product
Governance Requirements) may otherwise have with respect thereto,
the shares have been subject to a product approval process, which
has determined that the shares are: (i) compatible with an end
target market of retail investors and investors who meet the
criteria of professional clients and eligible counterparties, each
as defined in MiFID II; and (ii) eligible for distribution through
all distribution channels as are permitted by MiFID II (the "Target
Market Assessment"). Notwithstanding the Target Market Assessment,
the price of the shares may decline and investors could lose all or
part of their investment; the shares offer no guaranteed income and
no capital protection; and an investment in the shares is
compatible only with investors who do not need a guaranteed income
or capital protection, who (either alone or in conjunction with an
appropriate financial or other adviser) are capable of evaluating
the merits and risks of such an investment and who have sufficient
resources to be able to bear any losses that may result therefrom.
The Target Market Assessment is without prejudice to the
requirements of any contractual, legal or regulatory selling
restrictions in relation to the Offering.
For the avoidance of doubt, the Target Market Assessment does
not constitute (a) an assessment of suitability or appropriateness
for the purposes of MiFID II or (b) a recommendation to any
investor or group of investors to invest in, or purchase, or take
any other action whatsoever with respect to the shares. Each
distributor is responsible for undertaking its own target market
assessment in respect of the shares and determining appropriate
distribution channels.
END
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END
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