InVision: Price Range Between Euro 32.00 and Euro 38.00

  • Commencement of trading on Prime Standard scheduled for 18 June 2007 
  • Issue volume up to Euro 40.9 million

The shares of InVision Software AG will be offered within a price range of Euro 32.00 to Euro 38.00 per share and can be subscribed to between 13 and 14 June 2007. The final placement price will also be published on 14 June. Commencement of trading of the shares on the Frankfurt Stock Exchange’s Prime Standard sub-segment (Official Market) is scheduled to occur on 18 June 2007. WestLB AG is acting as the Sole Lead Manager and Sole Bookrunner for this IPO. M.M.Warburg & CO KGaA is the Co-Lead Manager. 

InVision will be offering up to 1,077,000 shares. If the greenshoe option is fully exercised, the total placement proceeds will thus total up to between Euro 34.5 and Euro 40.9 million. Thereof, InVision will receive up to Euro 27.2 million in proceeds from a capital increase. Should all shares be allotted during the IPO there will be a free float of 48 percent. 

Of the overall number of the offered shares, i.e. 1,077,000, up to 714,996 shares derive from a capital increase against cash capital contributions and up to 221,530 shares result from a secondary placement. Up to 140,474 shares of the current shareholders will be made available in connection with a possible over-allotment (greenshoe option). Sole selling shareholder is InVision Holding GmbH, a company jointly owned by the three founders of InVision Software AG, currently holding 24 percent of the shares in InVision. Even if the greenshoe option should be fully exercised, the founders will still hold 51 percent of the shares of InVision. 

It is InVision’s core business to develop and market software solutions that support companies in optimising the deployment of their staff (Workforce Management). InVision develops since 1995 software based solutions for highly complex optimization tasks. InVision considers this to be an essential part of its competitive edge. An optimised staff scheduling can help to reduce costs due to the fact that an optimum number of employees is on duty at all times. InVision´s customers usually achieve a return on investment within 6 to 12 months. In addition, optimised staff planning also ensures satisfied customers who, for example, no longer have to spend time queuing at checkouts. Employee’s motivation can be improved by taking their scheduling requests into account. 

  • International Securities Identification Number (ISIN): DE0005859698 
  • Securities Code Number (WKN): 585969 
  • Ticker Symbol: IVX 
  • Common Code: 030194381 
    The offer prospectus that was approved by the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) on 
24 May 2007 is including supplements available for downloading at: the homepage of InVision Software AG: www.invision.de (IPO section).

DISCLAIMER

This publication does not constitute an offer to sell or a solicitation of an offer to buy or subscribe for any securities. No offer of securities of InVision Software AG is being, or will be, made to the public outside Germany. 

The offer in Germany is being made exclusively on the basis of the securities prospectus which has been published and filed with the Bundesanstalt für Finanzdienstleistungsaufsicht. Any decision to invest in the securities of InVision Software AG offered should solely be based on the securities prospectus. Copies of the securities prospectus are available free of charge at the offices of InVision Software AG and at the offices of the underwriting banks. This publication and the information contained herein is not for distribution, neither directly nor indirectly, in or into the Unites States of America, Canada, Australia or Japan. 

This publication does not constitute an offer for sale of any securities into the United States. Securities, including any shares of InVision Software AG in the course of the offer, may not be offered or sold in the United States or to, or for the account or benefit of, US persons (as such term is defined in Regulation S under the Securities Act of 1933 as amended (the “Securities Act”)) unless they are registered under the Securities Act or exempt from registration. There will be no registration or public offer of any securities of InVision Software AG in the United States.