Ontex Group NV announces the further narrowing of the price range of its IPO and the close of the Belgium retail offering



This announcement is not a prospectus and prospective investors should not purchase any securities referred to in this announcement except on the basis of the information contained in the prospectus. An investment in Ontex Group NV shares involves substantial risks and uncertainties. Prospective investors should read the entire prospectus, and, in particular, should see “Risk Factors” beginning on page 15 of the summary of the Prospectus, and on page 26 of the Prospectus, for a discussion of certain factors that should be considered in connection with an investment in the shares. All of these factors should be considered before investing in the shares. In particular, prospective investors should be aware that we are highly leveraged. As of March 31, 2014, we had net financial debt of €862.1 million and our net financial debt to equity ratio was 2.3:1. Accordingly, prospective investors should have particular regard to the risk factors entitled “The shares of certain of our subsidiaries and certain of our assets are pledged in favor of our creditors, and if we are unable to meet our obligations under the Senior Secured Notes and/or the Revolving Credit Facility, our creditors will be entitled to enforce the collateral securing these obligations” “Our substantial leverage and debt service obligations could adversely affect our business” and “We are subject to restrictive debt covenants that may limit our ability to finance our future operations and capital needs.” Prospective investors must be able to bear the economic risk of an investment in the shares and should be able to sustain a partial or total loss of their investment.

Aalst-Erembodegem (Belgium), 23 June 2014 – Ontex Group NV (“Ontex” or the “Company”) announces today, in accordance with the possibility provided for in the Offering chapter of its IPO prospectus dated 11 June 2014, a further narrowing of the price range from between €17.50 and €18.50 to between €18.00 and €18.50 per share. The IPO, including over-allotment facility, is covered throughout this revised range. It also announces that the offering to retail investors in Belgium, as per the expectation set forth in its IPO prospectus dated 11 June 2014, has closed today. The institutional offering will close on 24 June 2014 and a press release on final offer price and results of the IPO is expected to be issued on 24 June 2014 evening CET.

Please find the full press release in attached documents below: