Following today's announcement from The Ministry of Finance of the Kingdom of
Denmark, DONG Energy A/S confirms its readiness for an IPO and a listing on OMX
Nordic Exchange Copenhagen A/S.
The initial public offering is expected to comprise a sale of existing shares
to Danish institutional and Danish private investors, as well as to
international institutional investors. Prior to the planned offering of shares,
DONG Energy's shareholders are the Kingdom of Denmark (73.0%), SEAS-NVE Holding
A/S (10.9%), and former shareholders of Elsam A/S (16.1%).
“As a leading Northern European integrated energy company, this is a major step
in DONG Energy's development. We see attractive opportunities for creating
additional growth in the years ahead and expanding our position in Northern
Europe. We are pleased to be able to offer new investors the opportunity to
take part in the future growth of our company,” said Anders Eldrup, CEO of DONG
Citi, Danske Markets and Morgan Stanley are Joint Global Co-ordinators and
Joint Bookrunners for DONG Energy's IPO. Nordea is Joint Lead Manager. ABN
AMRO, Carnegie and SEB Enskilda are Co-Lead Managers.
DONG Energy in brief
DONG Energy is an integrated energy company with leading market positions in
Denmark and positions in other key Northern European energy markets including
Norway, UK, Germany, The Netherlands, Sweden and Poland. It is Denmark's
largest generator of power and heat and one of Europe's leading generators of
power from offshore wind farms. DONG Energy has extensive operations in
exploration for and production of oil and natural gas in Northern Europe with a
particular focus on natural gas. In addition, DONG Energy sells electricity and
natural gas to more than one million customers.
The group management of DONG Energy consists of: Anders Eldrup, Chief Executive
Officer, Carsten Krogsgaard Thomsen, Chief Financial Officer, Niels
Bergh-Hansen (Generation), Søren Gath Hansen (Exploration & Production), Lars
Erik Clausen (Distribution) and Kurt Bligaard Pedersen (Markets).
Enquiries regarding this announcement should be made to:
Investor Relations: Steen Juul Jensen tel. (+45) 30 57 88 82
Media Relations: Louise Münter tel. (+45) 61 55 87 71
For more information, go to www.dongenergy.com.
This document constitutes an advertisement under Executive Order No. 1232 of 22
November 2007 implementing parts of Directive 2003/71/EC (together with all
current implementing measures in the individual member states, the “Prospectus
Directive”). A prospectus prepared under the Prospectus Directive will be
published and, when published, be available from the seller of securities.
This document does not constitute an offering of securities. The securities
have not been registered under the U.S. Securities Act of 1933, as amended (the
“U.S. Securities Act”), and, unless so registered, may not be offered or sold
within the United States, except pursuant to an exemption from, or in a
transaction not subject to, the registration requirements of the U.S.
Securities Act. The Company does not intend to register any portion of the
offering in the United States or to make a public offering of securities in the
United States. Any offering of securities will be made on the basis of a
prospectus containing detailed information on the company and its management
and accounting matters.
With respect to EEA member states other than Denmark that have implemented the
Prospectus Directive, this document is solely intended for and solely directed
at qualified investors in the relevant member state as defined in the
Prospectus Directive as implemented in that member state.
This document is only being distributed to, and is only directed at, (i)
persons who are outside the United Kingdom or (ii) investment professionals
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the “Order”) or (iii) high net worth
companies, and other persons to whom it may lawfully be communicated, falling
within Article 49(2)(a) to (d) of the Order or (iv) those persons, for the
purposes of an employee share scheme, falling within Article 60 of the Order
(all such persons together being referred to as “relevant persons”). The
securities are only available to, and any invitation, offer or agreement to
subscribe, purchase or otherwise acquire such securities will be engaged in
only with, relevant persons. Any person who is not a relevant person should not
act or rely on this document or any of its contents.
This document contains forward-looking statements, including financial
forecasts for 2007. Such forward-looking statements inherently involve risks
and uncertainties. Many factors may cause the actual performance to deviate
significantly from the forward-looking statements. Such factors include, but
are not limited to, developments in the oil, natural gas, electricity, coal,
CO2, currency and fixed income markets, changes in legislation, rules or
standards, and changes in the competitive environment in DONG Energy's markets,
supply security and the integration of acquired operations.
This announcement is not an offer to sell or a solicitation to buy any shares
that the company may offer in connection with a possible IPO.