Friday, 15 February 2019, 8:30 | ENGLISH, PRESS RELEASE
Monaco, 15 February 2019 – R-LOGITECH S.A.M., an international provider of logistics and technology solutions for global supply chain management, has agreed, via a subsidiary, to acquire Euroports Holdings S.à.r.l. together with institutional investors. Euroports is a provider of logistics solutions and operates port terminals mainly in Europe, handling more than 60 million tonnes of product per annum.
The transaction is subject to the usual approval of the relevant antitrust authorities.
About R-LOGITECH S.A.M.:
R-LOGITECH is an international logistics and technology services provider focused mainly on the natural resources sector. The group’s primary business lines are logistics, terminal management, technology solutions and procurement. Africa is a particular focus and the group also has European offices in Paris, Vienna, London and Monaco.
R-LOGITECH is a subsidiary of Monaco Resources Group S.A.M.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com
Monday, 4 February 2019, 10:00 | ENGLISH, PRESS RELEASE
Monaco, 4 February 2019 – Based on preliminary figures, R-LOGITECH S.A.M., an international specialist for strategic logistics and technology services for global merchandise flows, significantly increased its key revenue and earnings figures in the fiscal year 2018 as forecast. In addition to the first-time full consolidation of the companies acquired in 2017, strong growth in the logistics activities in Africa also contributed to this. Group revenues improved overall from EUR 40.6 million to EUR 158.3 million. Preliminary Group earnings before interest, taxes, depreciation and amortization (EBITDA) rose from EUR 12.8 million to EUR 18.3 million, while Group earnings before interest and taxes (EBIT) increased from EUR 11.7 million to EUR 14.2 million.
The preliminary consolidated balance sheet total climbed from EUR 74.6 million to EUR 92.3 million. Preliminary Group equity increased from EUR 25.9 million to EUR 36.8 million, corresponding to a preliminary Group equity ratio of 39.9% (31 December 2017: 34.6%).
The main focus in the fiscal year 2018 was on the integration of the companies acquired in 2017 and their expansion, which led to a significant increase in earnings despite substantial one-off expenses. In addition, the strategic goal of expanding the terminal business was achieved by securing four additional terminals. A further three terminals are at an advanced acquisition stage.
The audited consolidated financial statements 2018 are expected to be published in April 2019 on the company’s website at www.r-logitech.com in the “Bond” section.
In view of the positive business development, the company is currently reviewing various options to finance further growth. Against this background, BankM – representative office of FinTech Group Bank AG was commissioned to organise a management roadshow. The final financing decision will be made by the management depending on the prevailing market environment.
About R-LOGITECH S.A.M.:
As a strategic logistics provider for a large number of African markets, R-LOGITECH manages ports and terminals with great reliability and high efficiency. The company additionally provides various logistics, transport, technology and procurement solutions for numerous international customers. In doing so, R-LOGITECH benefits from the long-standing know-how, the technical expertise of the European branches in Paris, Vienna, London and Monaco as well as from a strong international network in agricultural and industrial goods.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Frédéric Platini
R-LOGITECH S.A.M.
+377 97 98 67 71
investorrelations@r-logitech.com
Tuesday, 27 March 2018, 17:15 | ENGLISH, PRESS RELEASE
Monaco, 27 March 2018 – R-LOGITECH S.A.R.L, an international specialist for strategic logistics and technology services for global merchandise flows, has successfully completed the issue of its five-year 8.5% corporate bond (ISIN: DE000A19WVN8). In total, the maximum issue volume of EUR 25 million was fully placed with institutional and private investors. The inflow of funds will be used for investments in the expansion of business activities and the financing of working capital.
The bond 2018/2023 is expected to be included in the Open Market (Freiverkehr) of the Frankfurt Stock Exchange on 29 March 2018.
The successful transaction was supported by BankM – Representative Office of FinTech Group Bank AG as Global Coordinator and Bookrunner and by GBR Financial Services GmbH and STX Fixed Income B.V. as Selling Agents.
Key data of the corporate bond 2018/2023
| Issuer |
R-LOGITECH S.A.R.L |
| Issued amount |
EUR 25 million |
| ISIN/WKN |
DE000A19WVN8/A19WVN |
| Coupon |
8.5% p.a. |
| Issue price |
100% |
| Denomination |
EUR 1,000 |
| Value date |
29 March 2018 |
| Term |
5 years: 29 March 2018 (including) – 29 March 2023 (excluding) |
| Interest payment |
Annually in arrears on 29 March of each year (in 2019 for the first time) |
| Redemption date |
29 March 2023 |
| Redemption price |
100% of the nominal amount |
| Status |
Non-subordinated, unsecured |
| Investor protection clauses |
- Extraordinary termination right of the noteholders among others in case of:
- Change of control
- Non-compliance with the dividend payment restriction in the amount of 50% of the IFRS consolidated net income
- Further reasons included in the terms and conditions of the bond (see prospectus)
- Negative pledge
|
| Termination right of the issuer |
- Extraordinary termination right:
- Prematurely in the event of an amendment or supplementation of the tax regulations
- Ordinary termination right:
- As of 29 March 2021 at 104% of the nominal amount
- As of 29 March 2022 at 102% of the nominal amount
|
| Stock exchange |
Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange) |
| Global Coordinator and Bookrunner |
BankM – representative office of FinTech Group Bank AG |
| Selling Agents |
GBR Financial Services GmbH, STX Fixed Income B.V. |
Important notice:
Securities transactions are associated with risks, especially the risk of a total loss of the invested capital. Prior to every investment decision, you should therefore seek personal advice taking your individual asset and investment situation into account and not base your investment decision solely on the information included herein. Please contact your credit and investment institution to this end. Whether you are permitted to buy a security may depend on different conditions – in particular your nationality. Please seek according advice before you make any investment decision. This document does not constitute an offer to sell or a solicitation to submit an offer to buy or subscribe for notes of R-LOGITECH S.A.R.L. The notes of the issuer are offered exclusively through and on the basis of the prospectus which was approved by the Commission de Surveillance du Secteur Financier (“CSSF”) of the Grand Duchy of Luxembourg on 15 March 2018, has been notified to the responsible authority in Germany and is available in electronic form for download in the “Bond” section of the website of R-LOGITECH S.A.R.L (www.r-logitech.com) as well as on the website of the Frankfurt Stock Exchange (www.boerse-frankfurt.de) and the Luxembourg Stock Exchange (www.bourse.lu). In connection with the offer, only the information in the prospectus is binding. The notes which are the subject of this publication are offered by the Issuer exclusively in the Federal Republic of Germany and the Grand Duchy of Luxembourg by way of a public offering. No public offer is made outside the Federal Republic of Germany and the Grand Duchy of Luxembourg. This document may not be brought into or published in the United States of America, Canada, Australia or Japan or any other country in which the distribution or publication of this document would be illegal. The notes will not be registered pursuant to the United States Securities Act of 1933 or any authority of a U.S. state or pursuant to the applicable securities regulations of Canada, Australia or Japan and may not be offered or sold in the United States of America or on behalf of or for the account of U.S. persons or other persons who are resident in the Unites States of America, Canada, Australia or Japan. There is no public offer of the notes in the United States of America, Canada, Australia and Japan.
About R-LOGITECH S.A.R.L:
As a strategic logistics provider for a large number of African markets, R-LOGITECH manages ports and terminals with great reliability and high efficiency. The company additionally provides various logistics, transport, technology and procurement solutions for numerous international customers. In doing so, R-LOGITECH benefits from the long-standing know-how and the technical expertise of the European branches in Paris, Vienna, London and Monaco as well as from a strong international network in agricultural and industrial goods.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Fabrice Viguier (CEO)
R-LOGITECH S.A.R.L
+377 97 98 67 71
investorrelations@r-logitech.com
Thursday, 15 March 2018, 13:04 | ENGLISH, PRESS RELEASE
Monaco, 15 March 2018 – R-LOGITECH S.A.R.L, an international specialist for strategic logistics and technology services for global merchandise flows, will issue a corporate bond (ISIN: DE000A19WVN8) carrying an annual coupon of 8.5% over a term of five years. The issue will amount to up to EUR 25 million. The company plans to use the proceeds from the issue for investments in the expansion of its business activities and to finance its working capital.
The issue comprises a public offer and a private placement. The public offer will be made in the Federal Republic of Germany (“Germany”) and the Grand Duchy of Luxembourg (“Luxembourg”) via the “DirectPlace” subscription function of the Frankfurt Stock Exchange in the XETRA trading system between 16 March 2018 and 27 March 2018, 12:00 h (subject to early closing) and additionally via an ad placed in Luxembourg. Between 16 March 2018 and 23 March 2018, an additional private placement to qualified investors will be made by R-LOGITECH S.A.R.L and BankM – Representative Office of FinTech Group Bank AG in its capacity as global coordinator and bookrunner. GBR Financial Services GmbH and STX Fixed Income B.V. will act as selling agents.
The corporate bond 2018/2023 will be admitted to the Open Market (Freiverkehr) of the Frankfurt Stock Exchange on the day of the issue, i.e. presumably on 29 March 2018. The securities prospectus is now available on the website of R-LOGITECH S.A.R.L (www.r-logitech.com) in the “Bond” section.
Based on a company history of its operating entities of over 40 years, R-LOGITECH has successfully established itself as an international provider of strategic logistics and transport solutions with special expertise on the African continent. The Group benefits from a strong market position supported by over 1,400 employees and locations in 22 countries. In the fiscal year 2017, R-LOGITECH generated consolidated sales revenues of EUR 40.6 million, consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) of EUR 12.8 million and a consolidated net income of EUR 9.8 million. As of 31 December 2017, the Group’s total assets amounted to EUR 74.8 million and the equity ratio stood at 34.7%. Based on the first-time full consolidation of the Necotrans entities taken over in October 2017 and the planned expansion of the business activities, sales revenues of EUR 100 – 120 million and a strong increase in earnings are projected for 2018.
Key data of the corporate bond 2018/2023
| Issuer |
R-LOGITECH S.A.R.L |
| Issue amount |
Up to EUR 25 million |
| ISIN/WKN |
DE000A19WVN8/A19WVN |
| Coupon |
8.5% p.a. |
| Issue price |
100% |
| Denomination |
EUR 1,000 |
| Public offer period: |
16 March – 27 March 2018, 12:00 h (subject to early closing) |
| Private placement period: |
16 March – 23 March 2018 (subject to early closing) |
| Value date |
29 March 2018 |
| Term |
5 years: 29 March 2018 – 29 March 2023 (excluding) |
| Interest payment |
Annually in arrears on 29 March of each year (in 2019 for the first time) |
| Redemption date |
29 March 2023 |
| Redemption price |
100% of the nominal amount |
| Status |
Non-subordinated, unsecured |
| Investor protection clauses |
- Extraordinary termination right of the noteholders among others in case of:
- Change of control
- Non-compliance with the dividend payment restriction in the amount of 50% of the IFRS consolidated net income
- Further reasons included in the terms and conditions of the bond (see prospectus)
- Negative pledge
|
| Termination right of the issuer |
- Extraordinary termination right:
- Prematurely in the event of an amendment or supplementation of the tax regulations
- Ordinary termination right:
- As of 29 March 2021 at 104% of the nominal amount
- As of 29 March 2022 at 102% of the nominal amount
|
| Stock exchange |
Open Market of Deutsche Börse AG (“Freiverkehr” of the Frankfurt Stock Exchange) |
| Global Coordinator and Bookrunner |
BankM – representative office of FinTech Group Bank AG |
| Selling Agents |
GBR Financial Services GmbH, STX Fixed Income B.V. |
Important notice:
Securities transactions are associated with risks, especially the risk of a total loss of the invested capital. Prior to every investment decision, you should therefore seek personal advice taking your individual asset and investment situation into account and not base your investment decision solely on the information included herein. Please contact your credit and investment institution to this end. Whether you are permitted to buy a security may depend on different conditions – in particular your nationality. Please seek according advice before you make any investment decision. This document does not constitute an offer to sell or a solicitation to submit an offer to buy or subscribe for notes of R-LOGITECH S.A.R.L. The notes of the issuer are offered exclusively through and on the basis of the prospectus which was approved by the Commission de Surveillance du Secteur Financier (“CSSF”) of the Grand Duchy of Luxembourg on 15 March 2018, has been submitted to the responsible authorities in Germany and is available in electronic form for download in the “Bond” section of the website of R-LOGITECH S.A.R.L (www.r-logitech.com) as well as on the website of the Frankfurt Stock Exchange (www.boerse-frankfurt.de) and the Luxembourg Stock Exchange (www.bourse.lu). Only the information included in the prospectus is binding in connection with the offer. This document may not be brought into or published in the United States of America, Canada, Australia or Japan or any other country in which the distribution or publication of this document would be illegal. The notes will not be registered pursuant to the United States Securities Act of 1933 or any authority of a U.S. state or pursuant to the applicable securities regulations of Canada, Australia or Japan and may not be offered or sold in the United States of America or on behalf of or for the account of U.S. persons or other persons who are resident in the Unites States of America, Canada, Australia or Japan. There will be no public offer of the notes in the United States of America, Canada, Australia and Japan.
About R-LOGITECH S.A.R.L:
As a strategic logistics provider for a large number of African markets, R-LOGITECH manages ports and terminals with great reliability and high efficiency. The company additionally provides various logistics, transport, technology and procurement solutions for numerous international customers. In doing so, R-LOGITECH benefits from the long-standing know-how and the technical expertise of the European branches in Paris, Vienna, London and Monaco as well as from a strong international network in agricultural and industrial goods.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Fabrice Viguier (CEO)
R-LOGITECH S.A.R.L
+377 97 98 67 71
investorrelations@r-logitech.com
Friday, 2 March 2018, 11:02 | ENGLISH, PRESS RELEASE
Monaco, 2 March 2018 – In view of the positive business trend, the management of R-LOGITECH S.A.R.L is reviewing the possibility to issue a corporate bond. Against this background, BankM – representative office of FinTech Group Bank AG has been commissioned to organise a management roadshow. The company’s management will make the final financing decision dependent on the prevailing market environment.
As a strategic logistics provider for a large number of African markets, R-LOGITECH manages ports and terminals with great reliability and high efficiency. The company additionally provides various logistics, transport, technology and procurement solutions for numerous international customers. In doing so, R-LOGITECH benefits from the long-standing know-how and the technical expertise of the European branches in Paris, Vienna, London and Monaco as well as from a strong international network in agricultural and industrial goods.
R-LOGITECH’s growth strategy is based on its long-standing reputation, the existing track record of projects implemented on the African continent and the growing regional and global trade flows. To ensure that Africa will benefit from the potential arising from its increasing integration in world trade in the long term, the continent requires a reliable and broad supply of logistics services. A company history spanning 40 years, a strong market position and over 1,400 employees at locations in 22 countries mean that R-LOGITECH is excellently positioned here.
For further information:
Frank Ostermair, Linh Chung
Better Orange IR & HV AG
+49 (0)89 8896906-25
linh.chung@better-orange.de
Fabrice Viguier (CEO)
R-LOGITECH S.A.R.L
+377 97 98 67 71
investorrelations@r-logitech.com
