Banking Institution UBS
Analyst Olivier Calvet
Date May 25
Rating Hold
Banking Institution Bank of America
Analyst Uma Samlin
Date May 25
Rating Sell
Banking Institution Barclays
Analyst Timothy Lee
Date May 25
Rating Hold
Banking Institution Bernstein
Analyst Philippe Lorrain
Date May 25
Rating Buy
Banking Institution DZ Bank
Analyst Thorsten Reigber
Date May 25
Rating Sell
Banking Institution Hauck Aufhäuser
Analyst Simon Keller
Date May 25
Rating Hold
Banking Institution Warburg Research
Analyst Christian Cohrs
Date May 25
Rating Hold
Banking Institution Baader Bank
Analyst Peter Rothenaicher
Date May 25
Rating Sell
Banking Institution BNP Paribas Exane
Analyst Christoph Blieffert
Date May 25
Rating Sell
Banking Institution Deutsche Bank
Analyst Lars Vom-Cleff
Date May 25
Rating Hold
Banking Institution Keplercheuvreux
Analyst Craig Abbott
Date May 25
Rating Buy
Banking Institution LBBW
Analyst Stefan Maichl
Date May 25
Rating Hold
Banking Institution Morningstar
Analyst Matthew Donen
Date May 25
Rating Sell
Banking Institution mwb Research
Analyst Abed Jarad
Date May 25
Rating Hold
Banking Institution RBC
Analyst Sebastian Künne
Date May 25
Rating Sell
Banking Institution ODDO BHF
Analyst Hela Zarrouk
Date May 25
Rating Hold
Banking Institution Bankhaus Metzler
Analyst Alexander Neuberger
Date May 25
Rating Hold
Banking Institution Berenberg
Analyst Fraser Donlon
Date Mar 25
Rating Hold

Basic data.

ISIN (International Security Identification Number)
DE0007010803

WKN (security identification code)
701 080

Market abbreviation
RAA

Number of Shares
11.370.000

Stock exchange centres
Frankfurt, Munich, Stuttgart, Berlin/Bremen, Düsseldorf, Hamburg/Hannover

Market segment
Regulated Market

Unsponsored ADR (American Depositary Receipts)
Custodian: Citigroup Global Markets DR Ticker: RATIY/ DR ISIN: US75410B1017

Transparency level
Prime Standard

Membership of indices
MDAX, CDAX, Classic All Share, DAXglobal, QIX Deutschland, Sarasin Sustainability Germany Index, DAXPLUS FAMILY 30, DAXsector All Industrial, DAXsector Industrial, DAXsubsector All Industrial Products & Services, DAXsubsector Industrial Products & Services, Prime All Share (Deutsche Börse), MSCI Deutschland, DAX 50 ESG

End of fiscal year
31.12.

Accounting principles
IFRS

Flotation
03.03.2000

Designated Sponsor
M.M.Warburg & CO (AG & Co.) KGaA

RATIONAL flotation - facts and figures.

Share volume after flotation
11,370,000 shares (incl. greenshoe)

Number of shares issued
2.5 million incl. greenshoe, 185,000 from approved capital

Dividend payout policy
RATIONAL plans to distribute dividends to the value of about 50 percent of annual surplus, starting in fiscal year 2000.

Share distribution after flotation (incl. greenshoe)
Existing shareholders 73,63 percent
Freefloat 26,37 percent

Capital stock:

  • before flotation 10,000,000 Euro
  • capital increase 1,370,000 Euro (incl. greenshoe)
  • after flotation 11,370,000 Euro (incl. greenshoe)

Consortiums:

  • Investmentbank Schroders (managers)
  • HypoVereinsbank, Co-Lead
  • Sal. Oppenheim Landesbank Baden-Württemberg

Successful stock market flotation for RATIONAL - 52 per cent plus on the issue price - World market leader in cooking technology - Greater international expansion planned.

Shares in RATIONAL AG, based in Landsberg, rose to 35 euros when they were first quoted on the Organised Market (SMAX) at the Frankfurt Stock Exchange on 3 March 2000.
In brisk trading, shares of the international market leader in high-tech equipment for the thermal preparation of food jumped by over 52 percent against the issue price of 23 euros.

RATIONAL AG will use the proceeds from the issue to further expand its global sales network, increase its innovation lead and create extra production capacity in Germany and, in particular, in the US. As a result, the rate of growth is set to keep on increasing. In the medium term the company reckons on doubling sales and earnings. The company's high profitability and its enormous growth potential make RATIONAL shares an especially attractive investment proposition.

Preliminary offering circular.

Download
Preliminary offering circular