IMCD Group announces Intention to Proceed with Initial Public Offering

Rotterdam, The Netherlands - IMCD Group (“IMCD” or “Company”), a leading international speciality chemicals-focused distributor, today announces its intention to proceed with an Initial Public Offering (the “IPO” or the “Offering”) on Euronext Amsterdam. The Offering will consist of newly issued shares (the “New Offer Shares”) and a secondary sale of existing shares (the "Existing Offer Shares" and together with the New Offer Shares, the "Offer Shares") held by its current shareholders. The listing is envisaged to take place in the coming months, subject to market conditions.

Offering highlights
• Offering to consist of New Offer Shares in the amount of approximately € 270 million along with the sale of existing shares leading to a post-IPO free-float of between € 350 − € 500 million
• Proceeds of the primary offering of the New Offer Shares will be used to repay current debt and increase financial flexibility. Target leverage after listing of around 2.5x LTM EBITDA
• Offering to institutional and retail investors in the Netherlands and to certain institutional investors internationally

Company highlights
• Diversified and resilient business model and clear strategy for future profitable growth
• Strong track record outperforming market growth and playing a leading role as an industry consolidator through numerous successful acquisitions
• Marketing and sales-oriented approach combined with asset light business model enable IMCD to realise attractive conversion margins and cash generation
• Attractive investment proposition based on strong growth story with target annual dividend of 25 – 35% of adjusted net income

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