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PRESS RELEASE: Tintbright AG: Tintbright AG starts successfully on the Prime Standard of the Frankfurt Stock Exchange

DGAP-News: Tintbright AG / Key word(s): IPO Tintbright AG: Tintbright AG starts successfully on the Prime Standard of the Frankfurt Stock Exchange

27.01.2014 / 17:37

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Tintbright AG starts successfully on the Prime Standard of the Frankfurt Stock Exchange

- First Pricing EUR 12.20

- Free float of around 25.8 percent

- IPO has strategic importance and accelerates expansion

Hamburg, 27 January 2014 - Tintbright AG, the German holding company of a Chinese fabrics manufacturer being active in the Chinese textile industry for almost 20 years, today has been traded for the first time on the Prime Standard at the Frankfurt Stock Exchange. Tintbright thus was the first company to become listed in the Prime Standard in 2014. Due to the high strategic importance for the company, the IPO has been executed in terms of a 'Safe IPO' without a public offering. The free float is around 25.8 percent. The first price for the shares was EUR 12.20. At a satisfying trading volume of about EUR 700 thousand, the share price increased to EUR 15.40 within the first trading hours.

With more than 1.100 employees, Tintbright produces and (post-)processes fabrics. The finished fabrics are premium textile material, increasingly containing different functional properties. The company early on realized the trend in the textile industry towards one-stop-solutions, today being one of very view Chinese companies offering vertically integrated product services to its customers. The diverse customer base of over 550 buyers includes well-known Chinese brand names such as K-boxing, Anta or SeptWolves. Since 2010, Tintbright grew at an average annual growth rate of 13 percent, recording revenues of EUR 122.7 million and a net profit of EUR 19.1 million in fiscal year 2012.

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PRESS RELEASE: Tintbright AG: Tintbright AG starts successfully on the Prime Standard of the Frankfurt Stock Exchange