BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (the “Company”), an Argentine financial group,
together with one of the Company’s shareholders, announced today the
closing of the underwritten initial public offering of the Company’s
Class B Shares (the “Shares”), which may be represented by American
Depositary Shares (“ADSs”), as part of a global offering of 127,500,077
Shares. The global offering consisted of (a) an international offering
in the United States and countries outside of Argentina of 23,594,189
ADSs at a price of US$11.00 per ADS and (b) a concurrent offering in
Argentina of 9,529,132 Shares at a price of US$2.20 per Share. The
offering was made pursuant to a registration statement on Form F-1 with
the Securities and Exchange Commission (the “SEC”). Each ADS represents
five Shares.
In connection with the offering, the Company granted the international
underwriters the option to purchase up to 19,125,010 additional Shares
represented by ADSs that expires on June 17, 2016. The ADSs began
trading on the New York Stock Exchange on May 19, 2016 and the Company’s
Shares are trading on the Mercado de Valores de Buenos Aires and
the Mercado Abierto Electrónico S.A., under the ticker symbol
“SUPV”.
Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated acted as joint bookrunners and joint global coordinators
and Raymond James & Associates, Inc. acted as co-manager in the offering.
The offering was made only by means of a prospectus. A registration
statement on Form F-1 relating to the offering was filed with the SEC
and became effective on May 18, 2016. Copies of the registration
statement can be accessed through the SEC’s website at www.sec.gov.
Copies of the final prospectus related to the offering may be obtained
by contacting Morgan Stanley, Attn: Prospectus Department, 180 Varick
Street, 2nd Floor, New York, NY, 10014-4606, or BofA Merrill Lynch,
Attention: Prospectus Dept., 222 Broadway, New York, NY 10038, or: dg.prospectus_requests@baml.com.
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 offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
The Argentine public offering of the Class B shares was authorized by
the CNV pursuant to Resolution No.18,023 dated April 14, 2016, as
amended by Resolution No. 18,033 dated April 21, 2016.
About Grupo Supervielle S.A.:
Grupo Supervielle S.A. is a private domestically-owned financial group
in Argentina. The Company is controlled by the Supervielle family, which
entered the Argentine banking sector in 1887. The Company owns Banco
Supervielle S.A., an Argentine private domestically-owned bank with a
primary geographic presence in the City of Buenos Aires and the Greater
Buenos Aires metropolitan area, Mendoza and San Luis.