SLM Solutions: IPO greenshoe option exercised early
Luebeck, Germany, June 2, 2014 – SLM Solutions Group AG, a leading provider of metal-based additive manufacturing technology (also referred to as “3D printing”), announces the early and almost full exercise of the greenshoe option as part of its IPO.
As a consequence, 1,176,201 of the total of 1,186,201 shares from the greenshoe option that were previously held by the existing shareholders are now held by institutional investors both in Germany and abroad.
“The exercising of the greenshoe option underscores the high degree of interest in the SLM share,” comments CFO Uwe Bögershausen.
“For our shareholders this means that we have reached our objective of ensuring the largest free float possible and a broadly diversified shareholder structure.
In turn, this offers an important precondition for liquid trading in our share, and boosts its attractiveness for investors.”
After exercising the green shoe option, the free float amounts to approx. 56 %.
cometis - IPO (SLM Solutions)
The remaining approx. 44 % of the voting rights are attributable to the existing shareholders who will remain important anchor investors of SLM Solutions Group AG in the future.
About the company
SLM Solutions Group AG, headquartered in Luebeck, Germany, is a leading provider of metal based additive manufacturing technology (also commonly referred to as “3D printing”).
SLM Solutions focuses on the development, assembly and sales of machines and integrated system solutions in the field of selective laser melting, vacuum and metal casting. SLM Solutions currently employs over 80 people in Germany and the USA.
The products are used worldwide by customers in particular from the aerospace, energy, healthcare and automotive industries. SLM Solutions stands for technologically advanced, innovative and highly efficient integrated system solutions.
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