| Ticker: XEIKY | 72 Vredebaan, 2640 Mortsel | |
| Exchange: NASDAQ-National Market | Mortsel, Foreign | |
| Industry: Manufacturing | 3234431311 |
| Type of Shares: | American Depositary Receipts | Filing Date: | 2/12/96 | |
| U.S. Shares: | 4,480,000 | Offer Date: | 3/18/96 | |
| Non-U.S. Shares: | 1,920,000 | Filing Range: | $10.00 - $12.00 | |
| Primary Shares: | 4,800,000 | Offer Price: | $15.00 | |
| Secondary Shares: | 1,600,000 | Gross Spread: | $1.05 | |
| Offering Amount: | $70,400,000 | Selling: | $0.60 | |
| Expenses: | $1,650,000 | Reallowance: | $0.10 | |
| Shares Out After: | 28,473,100 |
| Manager | Tier | Phone |
| Alex. Brown & Sons Incorporated | Lead Manager | (410) 727-1700 |
| Cowen & Company | Co-manager | (212) 495-6000 |
| Prudential Securities Incorporated | Co-manager | (212) 214-3000 |
| Auditor: Arthur Andersen | |||||
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 12/31/95 | ||||
| Revenue: | $81.12 | Assets: | $46.68 | ||
| Net Income: | $0.71 | Liabilities: | $29.55 | ||
| EPS: | $0.03 | Equity: | $17.13 | ||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company develops, produces and markets digital color printing systems and sells related products for the short-run color printing market. The short run color printing market consists of color print jobs with run lengths ranging from a few to 5,000 copies and includes printed materials such as product catalogs, marketing brochures, direct mailings, newsletters, and event-related items. The primary users of the company's digital color press, the DCP-1, are commercial printers, in-plant print shops, pre-press service bureaus, and color trade shops. The DCP-1 allows users to print high quality short run color print jobs at substantial time and cost savings compared to traditional offset presses and electronic office printers. The company believes that innovations in digital printing technology, such as those embodied in the DCP-1, will accelerate present trends towards shorter run lengths, greater use of color in short run printing, the printing of variable text, images, and graphics within the same print run, and the expansion of short run color printing into new applications. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for repayment of short term debt, capital expenditures, working capital and other general corporate purposes. |
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