EQS-Adhoc: Springer Nature AG & Co. KGaA: Final offer price for Springer Nature shares set at €22.50 per share

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Final offer price for Springer Nature shares set at €22.50 per share


Berlin, 01 October 2024

Today, the final offer price for the shares of Springer Nature AG & Co. KGaA (“Springer Nature”) was set in the upper half of the price range at €22.50 per share which corresponds to a market capitalisation for Springer Nature of around €4.5 billion.

In total, 26,650,795 shares are being placed with investors, thereof 8,888,889 new shares (the “New Shares”), 14,285,716 existing shares from the holdings of funds advised by BC Partners (“BC Partners”) and 3,476,190 additional existing shares are being placed from the holdings of BC Partners in connection with over-allotments. Springer Nature will receive gross proceeds of €200 million from the sale of the New Shares. The total offer size is expected to amount to around €600 million (assuming full exercise of the greenshoe option).

Following the completion of the offering (assuming full exercise of the greenshoe option), the free float is expected to be around 13.4%. The two existing shareholders, entities controlled by the Holtzbrinck Publishing Group and BC Partners, will hold around 50.6% and around 36.0%, respectively.

The shares of Springer Nature are expected to commence trading on the Regulated Market of the Frankfurt Stock Exchange (Prime Standard) under the ticker symbol SPG on 4 October 2024. The settlement and closing of the offering are planned for 7 October 2024.


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