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
pricing 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 has been 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 has granted the
international underwriters the option to purchase up to 19,125,010
additional Shares represented by ADSs. The ADSs are expected to begin
trading on the New York Stock Exchange on May 19, 2016, under the ticker
symbol “SUPV”.
Morgan Stanley & Co. LLC and Merrill Lynch, Pierce, Fenner & Smith
Incorporated are acting as joint bookrunners and joint global
coordinators and Raymond James & Associates, Inc. is acting as
co-manager in the offering.
The offering has been made only by means of a prospectus. A registration
statement on Form F-1 relating to the proposed offering was filed with
the SEC and became effective today. Copies of the registration statement
can be accessed through the SEC’s website at www.sec.gov.
Before you invest, you should read the preliminary prospectus in the
registration statement and other documents we filed with the SEC for
more complete information about the Company and this offering. Copies of
the preliminary 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 has been 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.