IPO of Ströer Out-of-Home Media AG: Greenshoe option partially exercised

Aug 12, 2010 9:00 PM

Ströer Out-of-Home Media AG / IPO

12.08.2010 21:00

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.


Cologne, August 12, 2010

IPO of Ströer: Greenshoe option partially exercised

  - 640,000 of 1,790,624 shares placed by overallotment covered by share
    capital increase from authorized capital

  - Gross proceeds for Ströer amount to EUR 12.8 million

As stabilization manager for the IPO of Ströer Out-of-Home Media AG
('Ströer'), Morgan Stanley partially exercised today the Greenshoe option,
which was granted in the IPO, in its own name and for the account of all
underwriting banks. 640,000 of the 1,790,624 available shares placed by
overallotments will remain in the market. The shares required to redeem the
securities loan on which the overallotment was based are to be created with
an increase in share capital from authorized capital.

The gross proceeds for Ströer generated by the share capital increase
resulting from the exercise of the Greenshoe option are expected to amount
to EUR 12.8 million. The free float after the partial exercise of the
Greenshoe option is expected to reach approximately 43.4 per cent.


Information and Explaination of the Issuer to this News:

About Ströer 
Ströer Out-of-Home Media AG is a specialist for all forms of outdoor
advertising - ranging from classic posters, advertising in waiting areas
and mass transit to digital and interactive media. The company markets over
280,000 advertising spaces and is one of the leading out-of-home
advertisers in Europe: In terms of sales revenue, Ströer is the leader in
its core markets of Germany, Turkey and Poland (following the acquisition
of News Outdoor Poland). In these markets the company provides its clients
with extensive networks for nationwide advertising campaigns. The Ströer
Group has some 1,400 employees at over 60 locations. The company's
portfolio comprises a variety of different outdoor advertising products. In
terms of advertising media and street furniture, the company values top
quality, innovation and superior design. With its products, Ströer sets new
standards of design of public spaces. Ströer street furniture has already
received 26 international awards. More information about the company is
available at www.stroeer.com

This ad hoc release does not constitute an offer for the sale of securities
in the United States of America, Canada, Australia, Japan or in any other
jurisdiction in which an offer is subject to legal restrictions. The
securities named in this ad hoc release may be sold or offered for sale in
the United States of America only with prior registration under the
provisions of the U.S. Securities Act of 1933 ('Securities Act'), as
amended, or in the absence of prior registration only on the basis of an
exemption. Subject to certain exemptions in accordance with the Securities
Act, the securities named in this announcement may not be sold or offered
for sale in Australia, Canada or Japan or for the account of Australian,
Canadian or Japanese residents. There is no registration of the offer or
the sale of the securities named in this announcement according to the
respective legal requirements of Canada, Australia and Japan. There will be
no public offer of securities in the United States of America.

This ad hoc release is solely for advertising purposes and does not
constitute a prospectus. Interested investors should make their investment
decision in regard to the securities named in this announcement solely on
the basis of information in a prospectus published by the company in
connection with this offer and approved by the German Federal Financial
Supervisory Authority (BaFin). This securities prospectus is available free
of charge from Ströer Out-of-Home Media AG (Ströer Allee 1, 50999 Cologne,
Germany) or on the website www.stroeer.com.

This ad hoc release contains forward-looking statements based on current
assessments and assumptions made by the management of Ströer Out-of-Home
Media AG according to the best information available. Forward-looking
statements are subject to known and unknown risks, uncertainties and other
factors that can lead to the results of operations, profitability,
performance or the profits of Ströer Out-of-Home Media AG deviating
significantly from the results of operations, profitability, performance or
the profits as expressly described in these forward-looking statements or
to be implicitly assumed from them. In view of these risks, uncertainties
and other factors, the recipient of these materials should not place undue
reliance on these forward-looking statements. Ströer Out-of-Home Media AG
undertakes no obligation to update these forward-looking statements and to
conform them to future events and developments.

Press contact: 
Petra Kaiser
Ströer Out-of-Home Media AG
Corporate Communication
Ströer Allee 1 | D-50999 Cologne
Telephone: +49 (0)2236 - 96 45-246
Fax: +49 (0)2236 - 96 45-6246
E-Mail: pkaiser@stroeer.de

IR contact: 
Stefan Hütwohl
Ströer Out-of-Home Media AG
Director Group Finance and Investor Relations 
Ströer Allee 1 | D-50999 Cologne, Germany 
Phone: +49 (0)2236 / 96 45-338  
Fax: +49 (0)2236 / 96 45-6338  
E-Mail: ir@stroeer.de

12.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de

Language:     English
Company:      Ströer Out-of-Home Media AG
              Ströer Allee 1
              50999 Köln
Phone:        +49 (0)2236.96 45 0
Fax:          +49 (0)2236.96 45 299
E-mail:       info@stroeer.com
Internet:     www.stroeer.de
ISIN:         DE0007493991
WKN:          749399
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Stuttgart
End of News                                     DGAP News-Service