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Euroset Holding Sets IPO Price Range At $9.25 - $11.30/GDR - Quick Facts

(RTTNews) - Euroset Holding N.V. disclosed the indicative price range for its initial public offering of ordinary shares in the form of global depositary receipts. The indicative price range for the offering has been set at between $9.25 to $11.30 per GDR.

Application will be made to admit the GDRs to the standard segment of the Official List of the UKLA and to trading on the London Stock Exchange plc's main market for listed securities under the ticker "ESET".

The indicative price range implies a pre-money equity value for the company of approximately between $2.7 billion to $3.3 billion.

The offering comprises a primary offering by the company of up to 252,252 ordinary shares in the form of GDRs to raise around $140 million and a sale of up to 1.70 million ordinary shares in the form of GDRs by Alpazo Ltd.

Euroset plans to use the net primary proceeds from the offering to fund further development of its retail outlet network and for general corporate purposes.