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The information contained in these press releases and statements was accurate, in all material respects, at the time of issuance. However, Continental Aerospace Technologies GmbH assumes no obligation to update the information to reflect subsequent developments.
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Dec 12, 2005
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Green shoe option for Thielert successfully exercised
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Frankfurt, Hamburg – In relation to the Initial Public Offering of Thielert Aktiengesellschaft (ISIN DE0006052079 / security ID number: 605 207), Dresdner Kleinwort Wasserstein has - on behalf of the syndicate banks Cazenove as Joint Bookrunner and Landesbank Baden-Württemberg as Co-Manager - due to the high demand successfully exercised the green shoe option amounting to just under 960,000 shares from existing shares at the issue price of 13.50 euros. As such, a total of around 53 percent of Thielert outstanding shares are widely spread. Including green shoe, this equates to around 10.54 million shares. The exercise of the green shoe option on 9 December 2005 also marks the end of the stabilisation period.
The Thielert group founded in 1989 is the world’s leading provider of certified kerosene/diesel jet fuel piston aircraft engines for general aviation. As a certified development, production and maintenance company to the aviation industry, Thielert AG became the world’s first company to obtain certification for a jet fuel piston engine. The jet fuel engines of the CENTURION series reduce direct flying costs by up to 60 percent compared with conventional piston aircraft engines. For more than sixteen years, the company has also been developing and manufacturing components for high-performance engines in addition to digital engine control systems. For automotive engineering, defence technology and the aviation industry, it develops manufacturing strategies for engine components and complete engine adaptations. For the 2004 business year, Thielert recorded consolidated net sales of 24.2 million euros (compared with 15.0 euros in 2003) and an EBITDA of 11.3 million euros (compared with 9.9 million euros in 2003). At its German sites in Lichtenstein/Saxony and Hamburg, the company employs over 220 persons.
Disclaimer
This publication constitutes neither an offer to sell nor a solicitation to buy securities of Thielert AG. The securities have already been sold.
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