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PRESS RELEASE: BRAIN AG sets IPO price range -2-




20.01.16 21:00
Dow Jones Newswires



PRESS RELEASE: BRAIN AG sets IPO price range





DGAP-News: B.R.A.I.N. Biotechnology Research And Information Network AG / Key word(s): IPO
BRAIN AG sets IPO price range

2016-01-20 / 21:00
The issuer is solely responsible for the content of this announcement.

The information contained herein is not for publication, release or distribution (directly or indirectly) in or into or
to persons in the United States of America, Canada, Japan and Australia or any other jurisdiction in which publication,
release or distribution would be unlawful.

PRESS RELEASE

BRAIN AG sets IPO price range

- Price range at 9.00 to 12.00 Euros per BRAIN-share

- Total offer volume of 36.2 million to 48.3 million Euros including over-allotment

- Public offer and subscription period to start on 21 January 2016, expected to end on 3 February 2016

- Special tranche for retail investors of minimum 10 percent

- Approved prospectus published on the BRAIN website today

Zwingenberg, January 20, 2016: B.R.A.I.N. Biotechnology Research and Information Network AG ("BRAIN AG") in cooperation
with its current shareholders as well as ODDO Seydler as lead manager of the transaction has determined the terms for
its initial public offering ("IPO"). Accordingly, the price range has been set at 9.00 to 12.00 Euros per share. The
subscription period for the public offer will start on 21 January 2016 and is scheduled to end on 3 February 2016.

The final offer price will be determined based on a bookbuilding process. Trading of the BRAIN AG shares under the
ticker symbol BNN and the ISIN DE0005203947 / WKN 520394 is set to begin on the regulated market (Prime Standard
segment) of the Frankfurt Stock Exchange on 9 February 2016.

The offer will consist of initial public offerings in Germany and Austria as well as private placements in certain
jurisdictions outside of these countries and outside the United States of America. No less than 10 per cent of the offer
shares are reserved for and will be allocated to retail investors. Starting on January 21, the offered BRAIN shares can
be subscribed via the XETRA subscription functionality of the Frankfurt Stock Exchange, which can be accessed over the
interested retail investor's depositary / online bank. Selected retail investors (BRAIN employees and MIG fund investors
as well as GC Global Chance Fund investors and GA Asset Fund investors) are given the opportunity to subscribe offer
shares directly via a subscription portal on the Company's website
(www.brain-biotech.de/en/investor-relations/subscription).

"As a representative of the new 'bioeconomy' industry, we are addressing aspects of high social relevance", said Dr
Juergen Eck, CEO of BRAIN AG. "Thanks to our solutions and products, industrial processes can become more
resource-efficient, more energy-efficient and more sustainable. Products can be made healthier and more natural.
Following our IPO, we will be able to accelerate such product developments while unlocking further growth potential. The
Frankfurt Stock Exchange, which by the way allows us to include retail investors into the IPO, gives us the optimal
platform to list on."

The offer will comprise of 3,500,000 newly issued shares from a capital increase and up to 525,000 shares in connection
with a potential over-allotment. This is provided from the holdings of the long-standing and main shareholder MP
Beteiligungs-GmbH. If all offered shares, including the possible over-allotment, are placed, BRAIN AG will have a free
float of 24.5 per cent of the Company's share capitalpost IPO. Depending on the final offer price, and assuming complete
placement of all offer shares, the offer volume will be between 31.5 million and 42.0 million Euros excluding the
possible over-allotment (i.e. proceeds received by the Company), or between 36.2 million and 48.3 million Euros
including the possible over-allotment.

BRAIN AG intends to use the proceeds from the IPO primarily to fund the development of new products (enzymes,
performance microorganisms and bioactive compounds) and to enhance the marketing of its own product pipeline. Some
portion may also be dedicated to finance further acquisitions, amongst other possible uses.

Detailed information on the IPO is contained in the BRAIN securities prospectus, which has been approved by the German
Federal Financial Supervisory Authority (BaFin) today. It is now available, inter alia, on the Company's website at
www.brain-biotech.de/en/investor-relations/IPO.

ODDO SEYDLER Bank AG is acting as Sole Global Coordinator and Bookrunner in the transaction. Blaettchen Financial
Advisory GmbH is supporting the Company as IPO consultant.

+++ENDS+++

About BRAIN

BRAIN is one of Europe's leading technology companies in the field of industrial biotechnology, the core discipline of
Bioeconomy. As such, BRAIN identifies previously untapped, efficient enzymes, microbial producer organisms or natural
substances from complex biological systems that can be put to industrial use. The innovative solutions and products
developed by help of this "Toolbox of Nature" are successfully applied in the chemistry, the cosmetics and the food
industries. Today, BRAIN's business model is based on two pillars - "BioScience" and "BioIndustrial". The first pillar,
"BioScience", comprises its - frequently exclusive - collaboration business with industrial partners. The second pillar
"BioIndustrial" comprises the development and commercialisation of BRAIN's own products and active product components.
Further information is available at www.brain-biotech.de/en

Contact:

B.R.A.I.N.
Biotechnology Research
And Information Network AG
Dr. Martin Langer
Executive Vice President
Corporate Development
Darmstädter Str. 34-36
64673 Zwingenberg, Germany

Tel.: +49-6251-9331-0
Fax: +49-6251-9331-11
E-Mail: ir@brain-biotech.de
www.brain-biotech.de

Disclaimer

This document and the information contained herein are for information purposes only. This press release does not
constitute an offer to sell, or the solicitation of an offer to buy or subscribe for securities. A public offer in the
Federal Republic of Germany and in the Republic of Austria will be made exclusively by means of and on the basis of an
English-language prospectus together with a German-language translation of the summary. The prospectus will be published
on the website of the Company and will be also available in printed form free of charge from the Company (Fax
+49-6251-9331-11) and from ODDO SEYDLER BANK AG (Fax +49-69-920-54902).

This press release does not constitute an offer to sell, or the solicitation of an offer to buy or subscribe for
securities in or into the United States of America, Australia, Canada or Japan or to other jurisdictions in which
publication, release or distribution would be unlawful. Any securities referred to herein have not been, and will not
be, registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act"). Such securities may not be
offered, sold or delivered within the United States absent from registration under or an applicable exemption from the
registration requirements of the U.S. Securities Act. Neither BRAIN AG nor any of its shareholders intends to register
the securities referred to in this press release in the United States. The securities referred to in this press release
have not been, and will not be, registered under the applicable securities laws of Australia, Canada or Japan. Subject
to certain exceptions, the securities may not be offered or sold in Australia, Canada or Japan or to, or for the account
or benefit of, any national, resident or citizen of Australia, Canada or Japan. There will be no public offering of
securities in the United States or anywhere outside of the Federal Republic of Germany and the Republic of Austria.

This press release does not constitute an offer document or an offer of transferable securities to the public in the
United Kingdom to which Section 85 of the U.K. Financial Services and Markets Act 2000 applies and should not be
considered as a recommendation that any person should subscribe for or purchase any securities as part of the
transaction. This press release is only being distributed to and is only directed at (i) persons who are outside the
United Kingdom or (ii) to investment professionals falling within Section 19 (5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the "Order") or (iii) high net worth entities, unincorporated
associations and other persons or entities falling within Section 49 (2), (a) to (d) of the Order (all such persons
together being referred to as "relevant persons"). This press release or its contents must not be acted or relied on by
persons who are not relevant persons. Any investment or investment activity to which this press release relates is
available only to relevant persons and will be engaged in only with relevant persons. This release (or parts thereof)
may not be published, reproduced, distributed or made available to third parties in any other way without the prior
consent of BRAIN AG.

This press release contains forward-looking statements. These statements reflect the current views, expectations, and
assumptions of the management of BRAIN AG and are based on information currently available to the management.
Forward-looking statements are not guarantees of future performance and involve known and unknown risks and
uncertainties that could cause actual results, performance or events to differ materially from those expressed or
implied in such statements. There are numerous factors which could influence the future performance by and future
developments at BRAIN AG and the BRAIN group of companies. Such factors include, but are not limited to, changes in the
general economic and competitive environment, risks associated with capital markets, currency exchange rate
fluctuations, changes in international and national laws and regulations, in particular with respect to tax laws and


(MORE TO FOLLOW) Dow Jones Newswires




January 20, 2016 15:00 ET (20:00 GMT)




PRESS RELEASE: BRAIN AG sets IPO price range -2-




regulations, and other factors. BRAIN AG does not undertake any obligation to update or revise any forward-looking
statements.

2016-01-20 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

430987 2016-01-20




(END) Dow Jones Newswires




January 20, 2016 15:00 ET (20:00 GMT)









 
 

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