Almirall shares close the first day of trading by rising 7.14% over the offer price
Almirall shares have performed positively on the first day of trading. The percentage of free float for Almirall is 27.27% and could be extended to 30% in the event that the underwriters exercise the greenshoe option granted to them by the offering shareholders.
The positive share performance is interpreted by the company as demonstrating the market’s trust in Almirall’s future. Jorge Gallardo, Chairman and CEO of Almirall said “Our corporate track record, the strong team of professionals working in the company every day and the excellent product portfolio have been our credentials to ensure that the market backed our project. The response has been highly positive and we are extremely satisfied. This support will enable us to continue on the growth path that motivated our stock market listing.”
The entities selected for the operation are: Morgan Stanley (global coordinating entity), Lehman Brothers (co-bookrunner) and Banco Santander (managing entity for the retail and employee tranches and joint lead manager of the tranche for qualified investors).
Rothschild and ABN AMRO Rothschild are the financial entities selected to advise Almirall in the share listing process and in the Offering of these shares on the stock markets.
Almirall
Almirall, a leading company committed to health, is a consolidated international pharmaceutical company that researches, develops and commercialises its own R&D and licensed drugs with the aim of improving people’s health and quality of life.
The therapeutic areas on which Almirall focuses its research resources are related to the treatment of asthma, COPD, psoriasis, rheumatoid arthritis and multiple sclerosis.
Almirall is currently present in over 80 countries. The company has direct presence in
For more information:
Ketchum/SEIS
Tony Noel / Mónica Escusa
Tel.: +34 91 788 32 00.- Fax: +34 91 788 32 99
Note
This document is a press release and not a prospectus. Investors should not therefore acquire or apply for any shares or other securities mentioned herein without having previously consulted the information contained within the official prospectus approved by the Spanish Stock Exchange Commission on 31 May. This prospectus is available to the public at the Spanish Securities Commission website (www.cnmv.es) and from the company itself (www.almirall.es).Copies of the official prospectus will also be available free of charge from company headquarters.
This document should in no way be construed as an offer or invitation to treat, nor does it represent an offer to buy or subscribe to shares in the Company. Likewise, the contents of this document and the fact that it has been distributed must not be used as, or form the basis for, any kind of contract or decision to invest and do not constitute any recommendation as regards the securities of the Company.
This communication is intended solely for people living outside the
The information contained herein does not constitute an offer of securities in the
Finally, neither this document nor any copy thereof may be taken or transmitted to the United States of America, Canada, Australia or Japan or be distributed, either directly or indirectly, in the United States of America, Canada, Australia or Japan or given to residents of any of these countries.
Press release