Bastei Lübbe AG shares can be subscribed directly via Xetra for the first time

18-9-2013 — /EuropaWire/ — Xetra/FWB: Shares in Bastei Lübbe AG (ISIN: DE000A1X3YY0) can be subscribed directly via Xetra with effect from today. Bastei Lübbe is the first company to use the Xetra subscription function to place its equities. The subscription period runs until 1 October at 2 p.m. The price range is €9 – €11. A total of 5.3 million equities are expected to be placed.

“The Xetra subscription function has already been successfully employed for bonds. Now investors can subscribe equities directly via Xetra as soon as they are placed,” said Cord Gebhardt, Head of Primary Markets at Deutsche Börse AG.

“Our shares enable investors to participate in the success of the digitalisation and internationalisation of a solid German family business. We are delighted about our new shareholders and the growth prospects for our company,” said Thomas Schierack, CEO of Bastei Lübbe AG.

Bastei Lübbe AG plans to list in the Prime Standard of the Frankfurt Stock Exchange, with the first day of trading scheduled for 8 October. The consortium bank and order book manager is Close Brothers Seydler Bank AG. René Parmantier, CEO of Close Brothers Seydler Bank said, “Bastei Lübbe AG will be a real asset to the Prime Standard in Frankfurt. We are proud to support this company, which is steeped in tradition, into the capital market for the second time now – and towards a successful future.”

According to Bastei Lübbe Group information, the trade publisher’s activities comprise publishing and marketing books, audio books, eBooks and other digital products in the fiction and popular science areas, along with periodical magazines in the form of novels and puzzle books, the licensing of rights and marketing of merchandising products and production and sales of gift and decorative items.

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