This information is for APEX Tyres shareholders; only representatives of the following companies are welcome to post in this thread:
- APEX Group (55%) Southern Cynocephali
- DML Resources Group (15%) Southern Cynocephali
- Energizia Incorporated (10%) San Pellegrino Romana
- Forza Automotive (10%) Vitaphone Racing
- VLT Automotive Group N.V. (10%) Van Luxemburg
Financial Information:
APEX Tyres Share Offer (IPO)
APEX Tyres is seeking public investment to facilitate a required international expansion as the company launches onto the international market. More details on APEX Tyres are available at the company website.
Submissions for shares will be accepted until 12am GMT 09-10-11 (DD/MM/YY). Please read the following information carefully and if you have any queries please do not hesitate to post your questions below and our representatives will assist you as best they can.
SUMMARY OF THE INITIAL PUBLIC OFFERING
203-204 AC (Last FY)
Apex Tyres company information
RevenueNS$1.958 billion
Operating income$222.2 million
Profit$169.7 million
Total assets$1.372 billion
Employees9,290
Shareholders
APEX Group: 85% (IPO: 20%)
DML Resources Group: 15%
1. ISSUER
APEX Tyres
2. LEAD ISSUING HOUSE
CNB (Cynoceph National Bank)
3. SHARE CAPITAL
Being offered: 10,000,000 shares (20% company)
4. PURPOSE
To finance an expansion project to facilitate required production and
distribution capacity for the international market
5. UTILISATION OF PROCEEDS
The estimated gross issue proceeds of $823,200,000.00 after
deduction of issue costs will be utilised as follows (see box, right):
Construction of new facilities in:
Kerberos, Southern Cynocephali$92,000,000
Šede Island, Pazhujebu (Kagdazka & Pazhujebu)$135,000,000
Milan, San Pellegrino Romana$110,000,000
Establishment of international freight shipping arm$90,000,000
Purchase of new equipment$225,000,000
Advertising$25,000,000
Working capital$109,156,000
Issuing costs$37,044,000
Total$823,200,000
6. TARGET INVESTORS
The Offer is open to foreign and non-resident financial and non-financial institutions and companies which possess an active storefront.
7. OFFER PRICE:
$82.32 per share
8. UNITS OF SALE
A minimum of 1,000,000 Ordinary Shares (equivalent to 2% equity) and multiples of 100,000 Ordinary Shares thereafter
9. PAYMENT TERMS
Required in full on application (payment will be returned in full if application is not successful).
Summary of Risk Factors
The following is a description of the risk factors which are material in respect of the financial situation of APEX Tyres and the share price. The sequence in which the following risk factors are listed is not an indication of their likelihood to occur or the extent of their commercial consequences. The following statements are complete, although not exhaustive; thus prospective investors must consider all possibilities.
Specific Risk
The specific risk associated with APEX Tyres include labour strike, and a breakdown in machinery for a significant period of time. The aforementioned risks are expected to be minimal as APEX Tyres has continued to adopt necessary measures and precautions to be able to avert such occurrences.
Sectoral Risk
The Automobile and Tyre sector is continually threatened by the proliferation of cheap, sub-standard and under-invoiced/smuggled tyres which are a constant threat to legitimate operations.
Political Risk
Southern Cynocephali is a peaceful and stable country governed by a freely elected democratic government. Adverse changes in macroeconomic, socialpolitical and regulatory environment are unlikely.
Environmental Risk
Minimal solid waste is produced by the APEX Tyres factories, and the Company uses a dumpsite in Northern Cynocephali for waste dumping. The solid waste includes all waste from operations such as cut tyres, paper waste, and packaging waste. The Company renders quarterly environmental audit report and the government of Southern Cynocephali conducts an environmental compliance audit of all premises yearly.
Please include the following form with your application:
- Code: Select all
APPLICATION FORM
Company Name:
Storefront (link):
Industry:
Amount of shares requested:
Total amount (# x $82.32) (payment must accompany application):
In the event of an oversubscription, APEX Tyres will give preference to investors from companies in industries from which APEX Tyres will benefit in having a connection. Please note that future share offerings may be made but are not guaranteed. APEX Tyres looks forward to hearing from prospective investors.Marius Henri
Chief Financial Officer
APEX Tyres