Luxfer Holdings PLC (“Luxfer”), a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders, today announced the pricing of its initial public offering of American Depositary Shares (“ADSs”), each representing one-half of an ordinary share of Luxfer, at a price of $10 per ADS. The ADSs are expected to begin trading today on the New York Stock Exchange under the ticker symbol LXFR. Closing of the offering is expected to occur on October 9, 2012, subject to customary closing conditions.
8,000,000 ADSs are being offered for sale. Of the 8,000,000 ADSs, 6,400,000 ADSs represent new shares issued by Luxfer and the remainder is being offered by existing shareholders of Luxfer. An overallotment option of up to 600,000 additional ADSs from Luxfer and up to 600,000 additional ADS from the selling shareholders will also be available.
Credit Suisse and Jefferies are acting as joint book-running managers for the offering. KeyBanc Capital Markets and Oppenheimer & Co. are acting as co-managers of the transaction.
The offering will be made only by means of a prospectus. A copy of the final prospectus relating to these securities may be obtained from:
Credit Suisse Securities (USA) LLCAttention: Prospectus DepartmentOne Madison AvenueNew York, New York 10010Tel: (800) 221-1037Email:
Jefferies & Company, Inc.Attention: Equity Syndicate Prospectus Department520 Madison Avenue, 12th FloorNew York, NY, 10022Tel: (877) 547-6340Email:
This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
Luxfer (NYSE: LXFR) is a global materials technology company specializing in the design, manufacture and supply of high-performance materials, components and gas cylinders to customers in a broad range of growing end-markets. Luxfer’s key-end markets are environmental technologies, healthcare, protection and specialty technologies.