BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (the “Company”), an Argentine financial group,
together with certain of the Company’s shareholders (the “Selling
Shareholders”), announced today that it has commenced 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 104,166,667 Shares 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 intends to grant the
international underwriters the option to purchase up to 15,625,000
additional Class B shares represented by ADSs. The estimated price range
for the initial public offering is US$2.20 to US$2.60 per Share
(US$11.00 to US$13.00 per ADS). The Company has applied to list the ADSs
on the New York Stock Exchange 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 proposed offering.
The proposed offering will be made only by means of a prospectus. 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. When
available, copies of the preliminary prospectus related to the proposed
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.
A registration statement on Form F-1 relating to the proposed offering
has been filed with the SEC but has not yet become effective. The Shares
to be registered may not be sold nor may offers to buy be accepted prior
to the time when the registration statement becomes effective. Copies of
the registration statement can be accessed through the SEC’s website at www.sec.gov.
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, subject to
certain conditions that, as of the date hereof, have not been fulfilled.
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.