All information on the IPO process

The IPO of Knaus Tabbert AG

Here you can find all information and documents on the successful IPO of Knaus Tabbert AG at the Frankfurt Stock Exchange on September 23, 2020. 

Basic information on offer details

ISIN
DE000A2YN504
WKN
A2Y N50
Stock exchange
Frankfurt Stock Exchange (Frankfurter Wertpapierbörse)
Market segment
Regulated market (Prime Standard) of the Frankfurt Stock Exchange (Frankfurter Wertpapierbörse)
Ticker symbol
KTA
Price range
 €58.00 to €74.00 per share
Offer period
The offer period will start on September 14, 2020 and is expected to end on September 22, 2020. Private investors (natural persons) in Germany may submit purchase offers for shares until 12:00 noon (CEST); institutional investors until 3 p.m. (CEST) of the last day of the offer period.
First day of trading
The first day of trading is planned for September 23, 2020.
Offer conditions
The offer will consist of three components: (1) 350,000 newly issued ordinary bearer shares with no par value, (2) 3,950,000 ordinary bearer shares with no par value from the holdings of the shareholders of the company, and (3) 645,000 ordinary bearer shares with no par value from the holdings of the shareholders of the Company to cover a potential over‐allotment. The total offer volume ranges between €287 million and €366 million, depending on the final number of shares placed and the issue price. The price range would correspond to a market capitalization of approximately €602 million to approximately €768 million for the company. Including the full exercise of the Greenshoe Options, the free float would be approximately 48 percent of all shares.
Syndicate banks
Jefferies acts as Sole Global Coordinator and together with UniCredit Bank AG and ABN AMRO Bank N.V. as Joint Bookrunner.

FAQ Investor Relations on offer details

1. Why is Knaus Tabbert going public?

With the planned offer and IPO, Knaus Tabbert intends to expand its shareholder base and to further strengthen its position in order to fully benefit from the expected growth of the market for motorhomes.

Knaus Tabbert has regularly been producing at the limits of its capacity for years despite extensive measures to increase capacity. Since 2012, the production output was nearly doubled, from 13,500 to more than 26,000 units annually by building new factories at our existing sites in Germany and Hungary. Knaus Tabbert plans to use the funds from the capital increase primarily to rapidly expand capacity at the Hungarian site.

2. When is the IPO of Knaus Tabbert?

The start of trading on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is scheduled for September 23, 2020.

3. What is the offer period?

The offer period will start on September 14, 2020 and is expected to end on September 22, 2020. Private investors (natural persons) in Germany may submit purchase offers for shares until 12:00 noon (CEST); institutional investors until 3 p.m. (CEST) of the last day of the offer period. You can of course also purchase the shares after the start of trading during regular stock exchange trading hours after the end of the offer period.

4. What does the offer consist of?

The offer consists of 4,945,000 shares in total, of which 350,000 are new shares and 4,595,000 are existing shares from the holdings of the current owners including Over‐Allotment Shares. The total offer volume ranges between €287 million and €366 million, depending on the final number of shares placed and the issue price. Including the full exercise of the Greenshoe Options, the free float would be approximately 48 percent of all shares.

The price range was set at €58.00 to €74.00 per share.
 

5. What will the funds be used for?

Knaus Tabbert AG intends to use the expected proceeds of €20 million to €25 million from the capital increase (depending on the final issue price) for the accelerated expansion of its production facilities, in particular for the van conversions production in Hungary scheduled to start in autumn 2021, and related investments. In addition, the company intends to continue implementing its current strategy, including the possible launch of a new brand. 

6. How can I get information on the shares of Knaus Tabbert?

Investment decisions should only be made on the basis of the prospectus. You can download it in the „Prospectus“ section above. The prospectus contains essential information on various aspects of the offer including the shares offered, the issuer Knaus Tabbert AG, its corporate structure, its business, as well as financial information. 

7. Where and how can I subscribe for shares of Knaus Tabbert?

Please contact your custodian bank.

8. Will the owners HTP Investments remain invested?

Until the IPO, the two entrepreneurs Wim de Pundert (63) and Klaas Meertens (63) together hold about 97 percent of Knaus Tabbert AG through their holding companies. These shareholders acquired their controlling interest in Knaus Tabbert in 2009. The two main shareholders have declared their intention to actively support the further growth of the company through their participation in the Supervisory Board.

9. What will the free float be after the IPO?

The planned IPO is intended to expand the shareholder base of the rapidly growing company. After the IPO, the free float would be approximately 48 percent of all shares if all shares are placed and including the full exercise of the Greenshoe Options.

10. When will Knaus Tabbert start paying a dividend?

The shares of Knaus Tabbert are qualified for dividends from January 1, 2020. Subject to the availability of distributable profits, the company intends to distribute around half of its annual net income as a dividend from 2021 onwards.

Investor Relations Contact
Thomas Schnorrenberg
Investor Relations Management
Phone
+49 (0) 8583/21–9600
Contact for electronic transmission of voting rights notifications