Grandvision IPO – GRANDVISION ANNOUNCES EXERCISE OF OVER-ALLOTMENT OPTION

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Algemeen advies 07/03/2015 07:17
Schiphol, the Netherlands – 6 March 2015. GrandVision N.V. (“GrandVision” or the “Company”, and together with its consolidated subsidiaries, the “Group”), the global leader in optical retail, today announced that the Joint Global Coordinators, on behalf of the Underwriters, have partially exercised the over-allotment option.

As part of the initial public offering of GrandVision N.V. on Euronext Amsterdam (the “IPO” or the “Offering”) and as set forth in the prospectus dated 26 January 2015, the Company’s selling shareholder HAL Optical Investments B.V., an indirect subsidiary of HAL Holding N.V. (“HAL”), has granted the Joint Global Coordinators (ABN AMRO Bank N.V. and JP Morgan Securities plc) the option to acquire up to 7.65 million of GrandVision’s issued ordinary shares (the “Shares”) at the price of €20.00 per Share, in addition to the 51.0 million Shares of the base transaction. With today’s partial exercise of the over-allotment option pursuant to which an additional 4,802,014 Shares are sold, the total number of offered Shares will amount to 55,802,014 Shares, which represents approximately 22% of the Shares.

As a result of the partial exercise of the over-allotment option, HAL will hold 76.72% of the Shares. HAL and GrandVision have agreed to a lock-up of 180 days after the date of the closing of the Offering (which occurred on 10 February 2015), subject to certain customary carve-outs. HAL intends to remain a significant long-term shareholder in GrandVision.

J.P. Morgan Securities plc, as the stabilization manager, has informed the Company that it has carried out stabilization trades in the Shares on Euronext in Amsterdam. The stabilization trades began on 6 February 2015 and the last stabilization trade took place on 20 February 2015. Details of the stabilization activity carried out by the stabilization manager are set out in Appendix A.

More information about GrandVision and the IPO is available in the prospectus dated 26 January 2015. Subject to applicable securities law restrictions, the prospectus is available on the website of GrandVision (www.grandvision.com). The prospectus can also be found on the websites of the AFM (www.afm.nl) and of Euronext Amsterdam N.V. (www.euronext.com



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