NEW YORK--()--Luxfer Holdings PLC (“Luxfer”), a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders, today announced the pricing of its initial public offering of American Depositary Shares (“ADSs”), each representing one-half of an ordinary share of Luxfer, at a price of $10 per ADS. The ADSs are expected to begin trading today on the New York Stock Exchange under the ticker symbol LXFR. Closing of the offering is expected to occur on October 9, 2012, subject to customary closing conditions.
8,000,000 ADSs are being offered for sale. Of the 8,000,000 ADSs, 6,400,000 ADSs represent new shares issued by Luxfer and the remainder is being offered by existing shareholders of Luxfer. An overallotment option of up to 600,000 additional ADSs from Luxfer and up to 600,000 additional ADS from the selling shareholders will also be available.
Credit Suisse and Jefferies are acting as joint book-running managers for the offering. KeyBanc Capital Markets and Oppenheimer & Co. are acting as co-managers of the transaction.
The offering will be made only by means of a prospectus. A copy of the final prospectus relating to these securities may be obtained from:
Credit Suisse Securities (USA) LLC
Attention: Prospectus Department
One Madison Avenue
New York, New York 10010
Tel: (800) 221-1037
Jefferies & Company, Inc.
Attention: Equity Syndicate Prospectus Department
520 Madison Avenue, 12th Floor
New York, NY, 10022
Tel: (877) 547-6340
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Luxfer (NYSE: LXFR) is a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders to customers in a broad range of growing end-markets. Luxfer’s key-end markets are environmental technologies, healthcare, protection and specialty technologies.
For readers in the European Economic Area
In any EEA Member State that has implemented Directive 2003/71/EC (such Directive and amendments thereto, including Directive 2010/73/EU, to the extent implemented in each relevant Member State, together with any applicable implementing measures in the relevant Member State, the “Prospectus Directive”), this communication is only addressed to and directed at qualified investors in that Member State within the meaning of the Prospectus Directive.
For readers in the United Kingdom
This communication 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 (all such persons together being referred to as “relevant persons”). The ADSs are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such ADSs 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.