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Topic: Greenshoe

In the News (Thu 16 Feb 12)

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	The greenshoe buoy for public issues
		The greenshoe option thus acts as a safety net for investors and is a standard global practice," said Morparia.
		Greenshoe is a provision that enables the underwriting syndicate to purchase additional shares at the original price, which will be used by them in the event of the market price falling below the allotment price.
		The greenshoe "safety net" is likely to give "comfort" to retail investors and encourage their response as there is an assurance that the offer price will be maintained for a period of one month.
	in.rediff.com /money/2004/apr/02perfin1.htm (933 words)

	tata.com : Greenshoe amount will be used to stabilise prices (Site not responding. Last check: 2007-10-09)
		The greenshoe amount will be utilised to stabilise the price of TCS shares up to 30 days after the company obtains trading permission from the stock exchanges.
		As per the draft, the stabilising agent will first borrow the equity shares from greenshoe lenders, other than Tata Sons, and only if the shares borrowed from them are not sufficient, shares will be borrowed from Tata Sons.
		The equity shares available for allotment under the greenshoe option will first be allotted to employees up to 10 per cent of the greenshoe amount.
	www.tata.com /tcs/media/20040615.htm (319 words)

	DEWB - ASCLEPION-MEDITEC AG exercises Greenshoe-option for full amount. (Site not responding. Last check: 2007-10-09)
		The Greenshoe option of up to 400,000 shares of ASCLEPION-MEDITEC AG has been exercised in full amount by the Commerzbank in Frankfurt.The shares enjoyed brisk demand on the part of institutional and private investors.
		After the exercising of the Greenshoe, the equity capital increased to 6.2 million Euro.
		From the gross proceeds including Greenshoe, 58.1 million Euro go to Asclepion, with which the further expansion of the company will be financed.
	www.dewb-vc.com /en/news/press_releases/press_releases_2000/14_04_00.html (227 words)

	BC Partners - Press Releases (Site not responding. Last check: 2007-10-09)
		Greenshoe fully exercised / Significant increase in the free float of the German MDAX-listed company.
		The offering of the MDAX listed Techem-shares comprised 7.1 million shares (plus 1 million greenshoe shares) and was well received in Germany, the rest of Europe and in the United States.
		Following the exercise of the greenshoe, the shareholder structure is approximately as follows: Free Float app.
	www.bcpartners.com /english/pressreleases/2001/200201.asp (427 words)

	SAP SI - Press Releases
		On October 4, 2000, the two banks exercised this Greenshoe option to the full.
		The 803,000 Greenshoe shares were previously held by the founding companies of SAP SI: 712,526 were owned by Software AG, 73,566 by SBS GmbH and Co. OHG and 16,908 by Achim Josefy.
		The initial public offering, excluding Greenshoe, amounted to 4.8 million shares from a capital increase and 3.93 million shares previously held by the founding companies of SAP SI.
	www.sap-si.com /press/press_releases/1/10216359341596461 (269 words)

	Beer and skittles at MacBank - www.smh.com.au
		This week's greenshoe was in Australian Leisure and Hospitality (ALH), the pubs and gambling business spun off by Foster's Brewing Group a few weeks ago.
		A greenshoe operation basically involves an underwriter, in effect, "short selling" up to 15 per cent of an issue.
		In ALH, the greenshoe option was for 10 per cent of the issue and allows Macquarie to "stabilise" (ie, prop up) the price by buying that much on the market to cover its short position.
	www.smh.com.au /articles/2003/11/26/1069825843995.html (865 words)

	BCY Ventures: Press Releases: May 10, 2000 (Site not responding. Last check: 2007-10-09)
		Lorne Meikle, President and Chief Executive Officer of BCY Ventures Inc. (“BCY” or the “Company”) announced today that the greenshoe option granted to Canaccord Capital Corporation for the financing completed in March was exercised today.
		After giving effect to the exercise of the greenshoe there are 7,911,842 shares issued.
		Meikle stated “we were delighted with the interest that was generated in BCY when the financing was being completed and thus are pleased that the over subscription can be partially covered.
	www.bcylifesciences.com /A200-1-20000510.html (262 words)

	Mediobanca - Greenshoe option of Save shares has been exercised in full
		Greenshoe option of Save shares has been exercised in full
		The exercise price was equal to that provided for under the terms of the global offering; the total amount of the exercise was 21m.
		Accordingly, the global offering including the greenshoe option involved a total of 27,670.000 shares, equal to 27.72% of the company’s share capital post-offering, for a total of 160.3m.
	www.mediobanca.it /news_277_EN.htm (179 words)

	Corfina NEWS Clips - 6 November 2003
		The company IPO prospectus says the portion to be released equivalent with 39% of the company placed and paid share reaching 4.32 billion shares.
		Execution of greenshoe and redshoe option is expected to bring some more 15% or 194.444.500 shares each on offer.
		Greenshoe (increased allocation) is an option available within 30 days since listing date intended to increase number of shares on offer.
	www.corfina.com /financial_news/november_03/november_6_03.htm (768 words)

	The Telegraph - Calcutta : Business (Site not responding. Last check: 2007-10-09)
		It is the first time in the Indian primary market that a greenshoe option was fully exercised by the stabilisation agent, a senior official at JM Morgan Stanley said.
		For the greenshoe option, Tata Sons offered 36.90 lakh shares, Sheba Properties 13.94 lakh and Kalimati Investment Company 9.81 lakh.
		In the prospectus of TCS, the company said the primary objective of the greenshoe mechanism is stabilsation of the market price of equity shares after listing.
	www.telegraphindia.com /1040923/asp/business/story_3792518.asp (256 words)

	FinanceAsia Article (Site not responding. Last check: 2007-10-09)
		Post greenshoe, to be exercised when the company starts trading, the total raised will be $800 million.
		Following the exercise of the greenshoe, another 450 million shares will go to institutional investors.
		In percentage terms, post greenshoe, 43% will be in retail hands, 32% with AIG, and 25 % with international institutions, including POWL.
	www.financeasia.com /Accessories/faPrintStory.cfm?objectID=7ACD74FF-8E05-41BA-AE297C570E4FBE65 (600 words)

	Initial Public Offering of Premiere AG: Share price range set at between 24 and 28 euros (22.02.2005)
		If the planned 42.1 million shares are placed as planned, and the greenshoe option to sell additional shares is fully exercised, the equity free float will stand at 51.3 percent.
		Altogether, including the greenshoe option, the financial investors are disposing of 49.9 percent of their equity stakes, a total of 27.6 million shares.
		This demonstrates their confidence in Premiere.” Almost 2.5 million of the shares offered at the IPO have up until now been held by Dr. Georg Kofler, who is now selling 18 per cent of his original holding.
	www.info.premiere.de /inhalt/eng/medienzentrum_news_uk_22022005.jsp (2038 words)

	Infosys opts for greenshoe option in ADS offer
		Infosys Technologies Ltd, the Bangalore-based global IT major, which has sponsored the secondary American depository shares offer recently, has favoured to exercise the greenshoe option of buying the 782,000 shares representing 391,000 Indian equity shares in the wake of the issue's oversubscription by over four times.
		In a communique to the US Securities Exchange Commission and the Bombay Stock Exchange on Monday night, the company disclosed that it had directed its underwriters to offer the remaining ADSs on the Nasdaq, where its scrip Infy is listed for trading.
		Under the terms and conditions of the ADS offering, the Rs 3,625 crore (Rs 36.25 billion) company had the right to opt for the greenshoe option in case of oversubscription within in a week of closing the issue date.
	www.rediff.com /money/2003/aug/05infy.htm (197 words)

	The State News - Relay not just for exercise - Thursday, July 13th, 2000 (Site not responding. Last check: 2007-10-09)
		When 250 cancer survivors, area residents and MSU students come together tomorrow at the East Lansing High School track to run or walk laps for 24 hours to raise money for Lansing-area cancer research, they won’t simply be walking in circles.
		The 12 participating teams will be remembering cancer victims who have died, honoring those who have survived and raising awareness in the area about cancer, said Sharon Greenshoe, a Lansing-area American Cancer Society executive director.
		At a luminary ceremony at dusk, all the victims’ names will be read and the bags will be placed around the track with candles in them.
	www.statenews.com /editions/071300/p1_relay.html (572 words)

	Downtown Grand Junction Association (Site not responding. Last check: 2007-10-09)
		Greenshoe Theatre Company presents professional quality, thought proviking entertainment at affordable prices placing an emphasis upon contemporary, classic, and original works from all genres of theatre.
		We began this endeavor in the historic Avalon Theater and the Mesa Theater and Club in the summer of 2000.
		Our theatre seats a maximum of 70 patrons at intimate tables for two or four, so every seat is a good one at this "little theatre." We have a concession stand for soda, tea, coffee, hot chocolate, water, candy, nuts, and other theatre snacks.
	www.downtowngj.org /index.cfm?fuseaction=members.memberDetail&memberID=78 (230 words)

	Greenshoe to benefit retail investors - Sify.com
		Merchant bankers are expected to play a crucial role in the capital markets as the Securities and Exchange Board of India has allowed the greenshoe option to stabilise prices after a public issue.
		A greenshoe option is where a merchant banker acts as a price stabilising agent after a public issue is completed.
		In the case of the ICICI Bank issue the merchant banker appointed for the greenshoe will over-issue 15 per cent of the issue size.
	sify.com /finance/fullstory.php?id=13445394 (400 words)

	FOR RELEASE:
		Sam Prasad, GreenShoe’s CTO explains, “BreezeCard payments are authorized via the Internet in seconds without using any proprietary networks, which result in significant reductions of transaction and processing fees to the merchant.
		This is a welcome relief for operators who, up until now, couldn’t accept credit cards because of the exorbitant fees. Because GreenShoe’s process is Internet-based, authorizations are received in a fraction of a second with the total processing fee typically 1/2 to 1/3 what operators might be facing today.
		GreenShoe, headquartered in Southampton, NY, develops highly secure Internet-based payment solutions that enable consumers and merchants to transact business over the Internet and in the “real” bricks-and-mortar world.
	www.partech.com /ptc/pressrel/101101greenshoe.htm (513 words)

	All Categories
		Greenshoe have been working for this kind of styles from 1994, we prefer to make top quality hiker shoes, good quality cow suede upper with phylon sole or TPR sole.
		Greenshoe Aqua shoes is very good choice to be company with your beach walking, comfortable but cheap price.
		Just contact us for more styles and the details, and the company website also can be visited.
	www.fuzing.com /vml/000056c3a290/GREENSHOE_INTERNATIONAL (306 words)

	Breaking News and Strategies in the Bond and Loan Markets \| Credit Investment News (Site not responding. Last check: 2007-10-09)
		Bear Stearns has obtained lender consent to put in place a new $550 million greenshoe provision for MetroPCS and concurrently draw on an existing $150 million greenshoe that is priced over par for existing investors.
		In order to be able to access the $550 million greenshoe, the company needs to file its latest financial records.
		Any drawings under the greenshoe must be pro rata between the first and second-liens and at least 50% must be used to purchase wireless spectrum.
	www.creditinvestmentnews.com /story.asp?iss=21104&sid=603663 (640 words)

	The Hindu Business Line : Greenshoe option to stabilise ICICI Bank's share price
		THE greenshoe option of Rs 450 crore in ICICI Bank's public issue, will be used to stabilise its share price should it fall below issue price at the time of listing or later, according to investment bankers associated with the offer.
		Under the greenshoe option, LIC, which holds 7.8 per cent stake in the bank, will loan shares worth Rs 450 crore to DSP Merril Lynch.
		These shares will be issued to subscribers along with the fresh issue of Rs 3,050 crore.
	thehindubusinessline.com /bline/2004/03/28/stories/2004032801380300.htm (418 words)

	FinanceAsia Article (Site not responding. Last check: 2007-10-09)
		In addition, the 15% greenshoe will also comprise secondary shares.
		Pre-greenshoe, this represents 28.5% of the company's equity and 31.5% post greenshoe.
		Although the indicative price range is beneath the government's initial valuation of Bt37.5 to Bt65 per share, it is slightly higher than the very bottom of the equity valuation assigned to the company at the beginning of pre-marketing - Bt60 billion to Bt100 billion.
	www.financeasia.com /Accessories/faPrintStory.cfm?objectID=A899E364-C72C-11D5-81D40090277E174B (629 words)

	Initial Public Offering of Premiere AG: Banks have fully exercised the greenshoe option / no stabilization measures ...
		The syndicate banks which have accompanied the initial public offering of Premiere AG, have fully exercised their greenshoe option over 5.49 million shares.
		After exercising the greenshoe option the stabilization period of the share offering of Premiere AG already ends today, on March 10, 2005.
		Georg Kofler, CEO of Premiere AG: “The fast and complete exercise of the greenshoe option is a clear sign of confidence for Premiere and its shares.
	info.premiere.de /inhalt/eng/medienzentrum_news_uk_10032005.jsp (369 words)

	Greenshoe International Co., Ltd. - Company Member - Made-in-China.com (Site not responding. Last check: 2007-10-09)
		Greenshoe International have been working in shoes business from 1994, We are speciliated in casual shoes/sneakers/hiker boots.
		At Greenshoe, our unique style is the key that sets us apart, and above other manufactures.
		Your use of this website is subject to, and constitutes acknowledgement and acceptance of, our Terms & Conditions.
	www.made-in-china.com /products/show/freemember/com/TAwMDIxODYzM/mic/Greenshoe_International_Co.,_Ltd..html (183 words)

	[No title] (Site not responding. Last check: 2007-10-09)
		The over-allocation is called the “greenshoe,” and underwriters generally have up to 30 days to exercise it.
		Nevertheless, the greenshoe option can be exercised as early as the day the deal starts trading.
		It was increased to 15 percent, its current level, by the late 1970s.
	www.redherring.com /article.aspx?a=14000 (1005 words)

	The Hindu : ICICI Bank plans price stabilisation fund
		In addition, under the greenshoe option, the bank has the option to allocate additional equity shares up to Rs.
		Under-subscription, if any, in any of the categories would be allowed to be met with spillover from any of the other categories.
		The issue would constitute up to 16.3 per cent of the fully diluted post-issue paid-up capital of the bank, assuming no exercise of greenshoe option and up to 18.2 per cent assuming the greenshoe option is exercised.
	www.hindu.com /2004/03/28/stories/2004032803971500.htm (235 words)

	Preview \| Agency Agreement \|
		(collectively the "Greenshoe Units"), all in accordance with and on the terms
		The Greenshoe Option shall be exercisable at any time from the date
		Greenshoe Units to be purchased and the date and time of completion of the
	library.consusgroup.com /library_pvw/298/298294.asp (911 words)

	The Hindu Business Line : UTI Bank exercises greenshoe option
		NEW DELHI: UTI Bank has exercised the greenshoe option to raise about $257 million (Rs 1,123 crore) through 4,34,91,000 GDRs at a price of $5.91 per GDR.
		The underwriters of the bank's GDR issue exercised their greenshoe option on April 25 and subscribed to the extent of 30,00,700 GDRs at the price of $5.91 per GDR, the bank informed the BSE on Tuesday.
		The total size of the GDR issue after exercise of the greenshoe option will now be 4,34,91,000 GDRs, it said.
	www.thehindubusinessline.com /blnus/17261703.htm (138 words)

	Globeinvestor.com: Centurion Announces Increase to Size of Financing
		The "greenshoe" portion of the offering has been amended for a total greenshoe of up to 475,000 common shares.
		Assuming the exercise in full of the greenshoe, total gross proceeds to Centurion for the issuance of up to 2,975,000 common shares from treasury under the short form prospectus offering, is up to $39,418,750.
		This brings the total offering size to a maximum of 3,750,000 common shares for maximum aggregate gross proceeds of up to $49,687,500, assuming the greenshoe and the option on the insider shares are fully exercised.
	www.globeinvestor.com /servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20050112&archive=ccnm&slug=0112043n (563 words)

	Regulator refines the rules on 'greenshoe' buying - Business - www.smh.com.au (Site not responding. Last check: 2007-10-09)
		The corporate regulator has moved to refine and formalise policy governing broking houses that buy, or offer to buy, shares in an effort to stabilise a stock price during the float of a public company.
		The Australian Securities and Investments Commission announced on Friday that it wanted industry input on market stabilisation tactics, sometimes referred to as "greenshoeing", which underwriters use to keep stock prices at a particular level.
		Market stabilisation sometimes takes the form of illegal practices such as false trading and market manipulation, but ASIC can grant exemptions to underwriters of floats and other capital raisings in some circumstances where the intention is to keep a price steady.
	www.smh.com.au /news/Business/Regulator-refines-the-rules-on-greenshoe-buying/2005/03/11/1110417684687.html (349 words)

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