RENK Group AG: Private Placement of shares of RENK Group AG from the holdings of the selling shareholder

Augsburg, February 5, 2024 – Today, RENK Group AG and its shareholder Rebecca BidCo S.à r.l., a holding company majority owned by the “Triton V” fund belonging to the investment firm Triton (the “Selling Shareholder”), have decided, together with the underwriting banks, to offer existing shares from the holdings of the Selling Shareholder to institutional investors by way of an accelerated bookbuilding.

A total of up to 30,000,000 shares will be offered, thereof 26,956,522 existing ordinary bearer shares with no par value 3,043,478 additional ordinary bearer shares with no par value to cover potential over-allotments. The placement price per share has been set at EUR 15.00. The Selling Shareholder has granted the underwriting banks an option to acquire all or a portion of shares borrowed under a securities loan at the placement price less agreed fees and commissions (the “Greenshoe Option”).

The Selling Shareholder expects to generate gross proceeds of approximately EUR 450 million, assuming full placement of the shares and full exercise of the Greenshoe Option (corresponding with net proceeds of approximately EUR 369.3 million). The RENK Group AG will not receive any proceeds from the private placement. Assuming full exercise of the Greenshoe Option, the free float is expected to be up to 30 percent of RENK Group AG’s share capital.

As part of the private placement, KNDS N.V., and Wellington Management Company LLP, on behalf of accounts for which Wellington Management and/or its affiliates acts as investment advisor, will subscribe to shares at the placement price in an amount of EUR 100 million and EUR 50 million, respectively as cornerstone investors.

The bookbuilding process is expected to take place today and tomorrow (February 5/6, 2024). Trading of the shares of RENK Group AG on the regulated market (Prime Standard) of the Frankfurt Stock exchange is expected to commence on February 7, 2024 under the ticker symbol R3NK.