Travellink

eDreams ODIGEO lists on the Spanish stock exchange

Pressmeddelande   •   Apr 08, 2014 14:00 CEST

Barcelona - - eDreams ODIGEO, the world’s largest online travel company in the flight sector and the largest publicly traded European e-commerce company by profitability, with more than 14 million customers in 42 countries worldwide, has today listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges. The company will use the ticker symbol '“EDR'”.

With five well-known brands, Opodo, Go Voyages, eDreams, Travellink and Liligo, the company offers the best deals on regular flights, charters, low-cost airlines, hotels, cruises, car rentals, cruises, holiday packages and travel insurance to its clients.

eDreams ODIGEO’s Chief Executive, Javier Perez-Tenessa de Block, said "We are delighted to bring eDreams ODIGEO to market as the largest European online travel company. This is a key moment for the business as we seek to build on our strong foundations and we believe that our global leadership position, state-of-the-art scalable technology platform, strong portfolio of brands, proven management team, scale and geographic footprint positions the company well for the next stage of its development. For me personally, this day signifies a huge step in what has been a long journey, turning an idea into a successful global business, and this investment will allow us to take the next step on our journey. “

eDreams ODIGEO, with an enterprise value of c. €1.5bn (based on the December 2013 balance sheet), becomes the largest-ever European Online Travel IPO, first ever Internet Startup IPO in Spain and first corporate listing in Spain since 2011.

About eDreams Odigeo
eDreams ODIGEO, the world’s largest online travel company in the flight sector and the largest publicly traded European e-commerce company by profitability, with more than 14 million customers in 42 countries worldwide. With five well-known brands;, Opodo, Go Voyages, eDreams, Travellink and Liligo, the company offers the best deals on regular flights, charters, low-cost airlines, hotels, cruises, car rentals, cruises, holiday packages andtravel insurance to its clients. eDreams ODIGEO is owned by Permira, Ardian, and its founders and executive team.

For media enquiries
Jonathan Glass / Tim DanaherBrunswick Group LLP+44 (0)20 7404 5959

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Important notices
This announcement does not constitute an offering memorandum and nothing herein contains an offering of securities. Participation in the initial public offering of eDreams ODIGEO (the “Company”) has now closed.

This announcement and the information contained herein are not for distribution in or into the United States, Canada, Australia, Japan or any other jurisdiction where to do so might constitute a violation of the relevant laws or regulations of such jurisdiction.

This announcement is not an offer to sell or a solicitation of any offer to buy any securities issued by the Company in any jurisdiction where such offer or sale would be unlawful and the announcement and the information contained herein are not for distribution or release, directly or indirectly, in or into such jurisdictions.

In any EEA member state that has implemented Directive 2003/71/EC as amended (together with any applicable implementing measures in any member state, the “Prospectus Directive”), this communication is only addressed to and is only directed at qualified investors in that member state within the meaning of the Prospectus Directive.

Any securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States absent registration or an exemption from, or in a transaction not subject to, the registration requirements under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States. Any securities sold in the United States will be sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) pursuant to Rule 144A.

In the United Kingdom, this announcement and any other materials in relation to the securities described herein are only being distributed to, and are only directed at, and any investment or investment activity to which this announcement relates is available only to, and will be engaged in only with, “qualified investors” (as defined in section 86(7) of the Financial Services and Markets Act 2000) and who are (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”); or (ii) high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons who are not relevant persons should not take any action on the basis of this announcement and should not act or rely on it.

This announcement includes forward-looking statements within the meaning of the securities laws of certain applicable jurisdictions. These forward-looking statements include, but are not limited to, the discussion of the changing dynamics of the marketplace and the Company’s outlook for growth in the travel industry both within and outside of France, Germany, Spain, Italy, the United Kingdom, and the Nordics. These forward-looking statements can be identified by the use of forward looking terminology, including the terms “aims”, “anticipates”, “believes”, “continues”, “could”, “estimates”, “expects”, “forecasts”, “guidance”, “intends”, “may”, “plans”, “should” or “will” or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. They appear in a number of places throughout this announcement and include statements regarding our intentions, beliefs or current expectations concerning, among other things, the transaction timetable, our results of operations, financial condition and performance, liquidity, prospects, growth, strategies and the industry in which we operate.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are notguarantees of future performance and that our actual financial condition, results of operations and cash flows, and the development of the industry in which we operate, may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our financial condition, results of operations and cash flows, and the development of the industry in which we operate are consistent with the forward-looking statements contained in this announcement, those results or developments may not be indicative of our results or developments in subsequent periods and may be impacted by important factors.

The information, opinions and forward-looking statements contained in this announcement speak only as at its date, and are subject to change without notice.

In connection with the IPO, J.P. Morgan, as stabilization agent acting on behalf of itself and the other underwriters may to the extent permitted by, and in compliance with, applicable laws and regulations over-allot shares or effect transactions in any over the counter market or otherwise, with a view to supporting the market price of the shares at a level higher than that which might otherwise prevail in the open market. Such transactions may commence on or after the date of commencement of trading of the shares on the Spanish Stock Exchanges and will end no later than 30 days thereafter. In so doing, the stabilization agent shall act as principal and not as agent for the Company or the selling shareholders and any loss resulting from stabilization shall be borne, and any profit arising therefrom shall be beneficially retained, by the stabilization agent on behalf of itself and the other underwriters in the manner agreed between them. There is no assurance that such transactions will be undertaken and, if commenced, they may be discontinued at any time. There shall be no obligation on the stabilization agent to enter into such transactions. All such stabilization shall be conducted in accordance with applicable laws and regulations.

This communication is an advertisement for the purposes of Article 15 of Prospectus Directive 2003/71/EC. A listing prospectus has been prepared the approval of which by the Luxembourg Commission de Surveillance du Secteur Financier is pending. The Company has requested that such listing prospectus, once approved, will be passported into Spain for the Spanish Comisión Nacional del Mercado de Valores to approve the admission to listing of the shares in the capital of the Company on the Spanish Stock Exchanges. The aforementioned listing prospectus will be published by the Company in due course.