FRANKFURT/MAIN, Germany - Wednesday, March 2nd 2011 [ME NewsWire]
Issue volume in the Entry Standard of €60.2 million
(BUSINESS WIRE)-- Williams Grand Prix Holdings PLC (ISIN: DE000A1H6VM4) joined the Entry Standard of the Frankfurt Stock Exchange today, 2 March. The IPO included an offering of 2,409,383 no-par value ordinary bearer shares. The issue price was €25.00 and the initial listing price €25.25.
Bank am Bellevue acted as sole global co-ordinator and sole global book runner, Baader Bank AG acted as joint lead manager and local book runner for Germany and is the Designated Sponsor.
"We are delighted that a company from the UK has chosen the Entry Standard as its entry segment," said Frank Gerstenschl?ger, Chairman of the Executive Board of Deutsche B?rse AG and responsible for the Xetra business unit. "The segment belongs to the exchange-regulated open market and enables equities to be admitted to trading efficiently, speedily and cost-effectively. It is an ideal platform for companies wishing to position themselves to attract international investors."
"Our listing marks a new era in the history of the team," said founder and team principal Sir Frank Williams. "Williams’ future as an independent constructor is sustained by this listing, providing us the base from which to further grow."
Sir Frank Williams founded Williams F1 in 1977 with Patrick Head. Over three decades of racing, the team has secured a total of nine constructors' championships and seven drivers’ world championship titles.
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Contacts
Deutsche Börse
Andreas von Brevern
Tel.: +49-(0) 69-2 11-1 15 00
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