Stevanato Group Announces Public Offering of Ordinary Shares
20 Março 2024 - 6:12PM
Business Wire
Stevanato Group S.p.A. (NYSE: STVN) (“Stevanato Group,” or the
“Company”), a leading global provider of drug containment, drug
delivery and diagnostic solutions to the pharmaceutical,
biotechnology and life sciences industries, today announced the
launch of an underwritten public offering of an aggregate of
$300,000,000 of its ordinary shares.
Stevanato Group is offering $150,000,000 of its ordinary shares
(the “Company Offering”), and Stevanato Holding S.r.l., an
affiliate and major shareholder of the Company (the “Selling
Shareholder”), which currently holds approximately 78% of Stevanato
Group’s outstanding ordinary shares, is offering $150,000,000 of
its ordinary shares (the “Selling Shareholder Offering” and,
together with the Company Offering, the “Offering”). Stevanato
Group and the Selling Shareholder also intend to grant the
underwriters an option, exercisable for 30 days after the date of
the final prospectus supplement, to purchase additional ordinary
shares up to an amount equal to 15% of the aggregate number of
ordinary shares offered in the Offering on the same terms and
conditions.
Stevanato Group intends to use the net proceeds from the Company
Offering for general corporate purposes, including to enable
Stevanato Group to satisfy the requirements of its ongoing
investment activities and working capital needs, and to ensure an
appropriate level of operating and strategic flexibility.
Morgan Stanley and William Blair are serving as joint
book-running managers and as representatives of the underwriters
for the Offering. The Offering is being made pursuant to an
automatic shelf registration statement on Form F-3 that was filed
and automatically declared effective with the Securities and
Exchange Commission (the “SEC”) on March 20, 2024. The Offering is
being made only by means of a prospectus supplement to the
accompanying prospectus that forms part of the registration
statement. Copies of the prospectus and prospectus supplement
related to the Offering may be obtained, when available, by
visiting the SEC’s website at www.sec.gov or by contacting: Morgan
Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY 10014, by telephone at (866)
718-1649 or by email at prospectus@morganstanley.com or by
contacting William Blair & Company, L.L.C., Attention
Prospectus Department, 150 North Riverside Plaza, Chicago, IL
60606, by telephone at (800) 621-0687, or by email at
prospectus@williamblair.com.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy Stevanato Group’s ordinary shares,
nor shall there be any sale of such shares in any state or
jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Stevanato Group
Founded in 1949, Stevanato Group is a leading global provider of
drug containment, drug delivery and diagnostic solutions as well as
engineering solutions to the pharmaceutical, biotechnology and life
sciences industries. Stevanato Group delivers an integrated,
end-to-end portfolio of products, processes and services that
address customer needs across the entire drug life cycle from
development to clinical and commercial stages. Stevanato Group’s
core capabilities in scientific research and development, its
commitment to technical innovation and its engineering excellence
are central to its ability to offer value added solutions to
clients.
For more information, please visit www.stevanatogroup.com
Forward Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. Certain statements contained in this press release, including
statements regarding the anticipated terms of the Offering, the
completion, timing and size of the Offering and the intended use
and allocation of proceeds from the Offering, are forward-looking
statements based on Stevanato Group’s current assumptions,
expectations and beliefs and involve substantial risks and
uncertainties that may cause results, performance or achievement to
materially differ from those expressed or implied by these
forward-looking statements. These statements are not guarantees of
future performance and are subject to a number of risks and
uncertainties, including market conditions, the ability to complete
the Offering, the trading price and volatility of Stevanato Group’s
ordinary shares and, if the Offering is priced, risks related to
the satisfaction of closing conditions in the underwriting
agreement related to the Offering. As such, the reader should not
place undue reliance on these forward-looking statements, as there
can be no assurances that the plans, initiatives or expectations
upon which they are based will occur. For a description of
additional factors that could cause the Company’s future results to
differ from those expressed in any such forward-looking statements,
refer to the risk factors discussed under “Risk Factors” in the
Company’s Annual Report on Form 20-F for the year ended December
31, 2023 filed with the SEC on March 7, 2024 and in the prospectus
supplement and the accompanying prospectus related to the Offering
filed with the SEC. Stevanato Group may not consummate the proposed
Company Offering described in this press release and the Selling
Shareholder may not consummate the proposed Selling Shareholder
Offering described in this press release. If the Company Offering
and the Selling Shareholder Offering are consummated, neither
Stevanato Group nor the Selling Shareholder can provide any
assurances regarding the final terms of the Offering or Stevanato
Group’s ability to effectively apply the net proceeds it will
receive as described above. All forward-looking statements in this
press release are based on information currently available to
Stevanato Group and speak only as of the date of this press
release, and Stevanato Group assumes no obligation to update these
forward-looking statements in light of new information or future
events, except as may be required by law.
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version on businesswire.com: https://www.businesswire.com/news/home/20240320397993/en/
Media Stevanato Group media@stevanatogroup.com
Investor Relations Lisa Miles
lisa.miles@stevanatogroup.com
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