Tom Tailor Group has announced new shares as part of an accelerated bookbuilding and generated gross proceeds of about EUR 29.5 million. The shares were purchased by institutional investors from Germany, Europe and the United States. Due to the high demand, the order book was over-subscribed several times within just a few hours. The issue price was EUR 16.25 per share. The resulting discount on the XETRA closing price on 23 October 2013 (EUR 16.89) thereby only amounted to approximately 3.8 %.

“We consider this to be a clear support for our strategy to further grow with our umbrella brands Tom Tailor and Bonita. The gross proceeds will strengthen our equity ratio and give us an even better basis to expand our position as leading apparell company in the European fashion market”, said Dieter Holzer, Chairman of the Management Board (CEO) of Tom Tailor Holding AG.

The capital increase will primarily serve to strengthen the equity ratio to a target range of between 30% and 35% (30.09.2012: 26.1%). In addition, the Company plans to use a proportion of the funds raised to reduce the gearing ratio and to acquire minority shareholdings in subsidiaries.